PHOENIX, May 18, 2010 (GLOBE NEWSWIRE) -- American Energy Fields, Inc. (OTCBB:AEFI) (the "Company") is pleased to announce it has appointed Dr. Karen Wenrich to the Advisory Board to oversee the development of its Arizona uranium exploration projects.
One of the most well respected uranium geologists in the United States, Dr. Wenrich brings to American Energy Fields an unparalleled 40 years of expertise in uranium exploration in Arizona and the Southwest U.S. The highlight of her career came in 2005 when she was the recipient of a shared Nobel Peace Prize for her work with the International Atomic Energy Agency (IAEA). While with the IAEA she formulated, prepared, and implemented IAEA activities in the area of "uranium production cycle and the environment" for the front end of the nuclear fuel cycle, including uranium resources, supply and demand, resource evaluation, and technical, environmental, regulatory, safety, and economic aspects of uranium exploration, development, and mine closure.
Dr. Wenrich has authored over 145 publications focused on uranium, geology, and environmental matters including receiving an honorable mention for the Best Paper Award for her essay entitled, "Uranium in Arizona" published in the Arizona Geological Society Digest. Since 1997, she has worked as a consultant in the uranium industry offering her expertise in prospect generation, 43-101 preparation, electron micro-probing, reflected and transmitted light petrography, and X-ray diffraction analyses. During this time, she consulted for Newmont Exploration, Ivanhoe Myanmar, Monarch Resources, and many others.
Dr, Wenrich also spent 23 years working as a research geologist for the U.S. Geological Survey where she studied uranium based ore deposits in Arizona, the Great Basin, New Mexico, Colorado, Mexico, China, and Australia.
President Joshua Bleak said of the appointment, "Adding Dr. Wenrich to the Advisory Board is another step in establishing American Energy Fields as a top exploration and development company focused on the uranium sector. Dr. Wenrich has a wealth of experience including winning a Nobel Peace Prize for her work on atomic energy. She has had numerous articles published in the field of uranium and is an absolute authority when it comes to uranium exploration in the Southwest U.S. We are truly honored to have her join our team as she builds upon the credibility we are establishing as a young company."
About American Energy Fields, Inc.
American Energy Fields (AEFI) is a resource company focused on exploring and developing the alternative energy resources of the United States. American Energy Fields' corporate strength lies in its management's experience in the finance and natural resource sectors. AEFI has one of the most prolific mining databases for energy related projects within the United States. With this database, AEFI will continue to target and acquire projects with previous production and/ or exploration and work towards fully developing those projects to drive revenues and build core reserves.
Safe Harbor Statement
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labour disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.