American Energy Fields, Inc. Receives #Exploration Permit From #California State Land Department For Coso Project

June 3, 2010; Phoenix, AZ; American Energy Fields, Inc. (OTCBB: AEFI; the “Company”) is pleased to announce the California State Land Department has issued an exploration permit covering 800 leased acres for its Coso uranium project. The Company will begin a preliminary exploration program to further the uranium trend identified through the work completed by Western Nuclear, Pioneer Resources, Federal Resources, and Union Pacific Mining/Rocky Mountain Energy.

Company President and CEO, Joshua Bleak, stated, “Receiving this exploration permit is a major milestone for AEFI and our development plans for the Coso project. It is a tremendous endorsement of the quality of our exploration team and the work they are capable of doing. With the bulk of Coso’s historic exploration performed on Federal land, we look to expand the resource potential by now beginning a work program on the 800 acres of State leased land. This is another step in the direction of finding, acquiring, and developing natural energy resources in the United States.”

The Coso project, including 169 federal claims and 800 State acres, was previously developed by Western Nuclear, Pioneer Resources, Federal Resources, and Union Pacific Mining/Rocky Mountain Energy. A total of U.S. $20,000,000.00 was spent developing the project, including the development of an engineered pit design. These exploration efforts established a historic 5.5 million lbs. of uranium with an average grade of 0.07% U3O8.

The Coso project lies in the heart of the Californian mining district of Inyo County. According to the U.S. Geological Survey (USGS), in 2008 California was the 5th largest mining state in the U.S. with 717 active mines and approximately 10,000 employees. From the 1950s to the 1980s California consistently ranked as one of the top States in the U.S. for uranium exploration and mining. With numerous uranium projects throughout the State, California will likely be a key component in meeting future U.S. uranium demand.

About American Energy Fields, Inc.

American Energy Fields (AEFI) is a resource company focused on exploring and developing the natural energy resources of the United States. American Energy Fields’s 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, AEF will target and acquire projects with previous production and/or exploration and work towards fully developing those projects to drive revenues and build core reserves.

For further information please contact:

Corporate Office

3266 W Galveston Dr. Suite 107
Apache Junction, AZ 85220
480-288-6530

Investor Relations
Office: 949-481-5396

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4 Reasons To Invest In #Nuclear #Energy

As the world’s energy needs amplify, volatility in oil and gas continue to prevail and rising concerns over global warming loom on the political forefront, there are numerous reasons to keep an eye on nuclear energy.

According to the Nuclear Energy Agency (NEA: 14.408 -0.072 -0.50%), global demand for electricity is expected to rise by 2.5 times over the next 40 years and is suggests that nuclear energy should be the answer to this uptick in demand. In fact, the NEA has forecasted the number of nuclear reactors worldwide to grow 600 and 1,400 by 2050, translating into a necessary investment of between $680 billion and $3.9 trillion. One major driver behind this belief is that at current utilization rates, nuclear energy generates nearly 15% of all global electricity. In some countries, nuclear energy plays a much more significant role in providing electricity-in France, the country with the second largest number of nuclear plants, 80% of all electricity is generated via nuclear reactors.

A second reason to consider nuclear energy is its eco-friendliness. Nuclear energy doesn’t produce carbon dioxide like its fossil fuel competitors. This is important because nearly every nation in the world is focusing on reducing greenhouse gases.

Thirdly, nuclear energy is receiving wide range global political support. President Obama recently launched a federal program which gives $8.3 billion worth of loan guarantees for funding the construction of two new nuclear reactors and is expected to seek an additional $46 billion in his budget request for the coming year. Additionally, Vladimir Putin has pledged that Russia would boost nuclear-energy use on its soil and is putting away $6 billion for the cause. Similar trends have been seen in Asia, as China is expected to have as many as 150 new nuclear power reactors become operational over the next 10 years and India plans on doubling the share of nuclear power on its grid to greater than 8% over the next 20 years.

Fourthly, the use of nuclear energy seems to make economic sense. Granted, the initial construction costs of a nuclear plant are huge, but the ongoing maintenance and fuel costs have proven to be far lower than that of other energy sources. Additionally, new nuclear power plants seem to have a longer life-span of nearly 60 operational years compared to 30 or 40 of older ones.

In a nutshell, nuclear energy offers economic, political, social and scientific reasons why it is a viable source of energy and is likely to be an answer to the expected supply and demand imbalances that the energy sector is likely to see in the near future.

Three ways to play nuclear energy include:

PowerShares Global Nuclear (PKN: 16.9246 -0.0854 -0.50%) which has 63 holdings, carries an expense ratio of 0.75% and includes companies that are involved in uranium mining.
Market Vectors Nuclear Energy (NLR: 18.84 +0.11 +0.59%), which has 23 holdings and carries an expense ratio of 0.61%. NLR includes utility services holdings like Constellation Energy (CEG: 33.10 -0.52 -1.55%) and Exelon Corporation (EXC: 38.38 -0.56 -1.44%) who are involved in the generation, transmission, distribution, and sale of electricity to residential, commercial, industrial, and wholesale customers.

iShares S&P Global Nuclear Energy (NUCL: 35.0799 -0.31 -0.88%), which has 23 holdings, carries an expense ratio of 0.48% and gives one global exposure to nuclear energy. Its top holdings include nuclear energy and uranium mining company Cameco Corporation (CCJ: 24.10 +0.23 +0.96%) and power generation systems firm McDermott International (MDR: 22.19 +0.31 +1.42%).

Although an opportunity seems to present itself in nuclear energy, some concerns that could put a damper on its future include the absence of a stable and lasting strategy for nuclear waste management, and a potential weakness in credit markets as the result of the sovereign debt crisis.

Content Credit: http://alturl.com/xuah

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#Obama Plan Calls for #Nuclear Development

“To create more of these clean energy jobs, we need more production, more eciency, more incentives. And that means building a new generation of safe, clean nuclear power plants in this country… Providing incentives for energy – eciency and clean energy are the right thing to do for our future, because the nation that leads the clean energy economy will be the nation that leads the global economy. And America
must be that nation.”
— Barack Obama, President of the United States of America

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Is Nuclear The Only Option? #nuclear

Earlier this year, the Obama administration announced large new federal loan guarantees for the nuclear energy industry – totaling about $54 billion, or more than triple the current level of funding. Philosophically, we abhor government subsidies to any industry, but we also recognize that they’re a fact of life these days, with an inordinate influence on markets. So even though we’d prefer the government didn’t pick industry winners and losers, we must be mindful of what Washington is doing if we expect to reap profits as investors.

In this instance, the ramping up of government support means boom times are coming for the nuclear energy industry, which is about to awaken from a three-decade long sleep. And if you correctly position your energy investment portfolio, you can benefit from a comeback that’s baked in the cake.

Power is all about the numbers. Consider the illustration below, which shows how current electricity generation technologies stack up when it comes to producing energy (cost is in dollars per megawatt hour). Solar and wind generators are not cheap and don’t work when it’s dark or calm. They’re competitive only with heavy government subsidies and even then, will never contribute much juice to the grid.

Source: EIA. Adapted from http://www.investingdaily.com/tes/17201/sell-wind-and-solar-energy-stocks.html

Hydro, biomass, and geothermal fare much better, easily competing with more traditional technologies, and there are good investment opportunities among them that we’re following. But again, in the larger picture they’re minor players.

In terms of bang for the buck, it still comes down to coal, gas and nuclear, and Washington realizes we’re going to need all three to meet our future energy needs, especially as electric vehicles begin to replace those that run on gasoline.

The Obama administration is all for going as “green” as possible, but realizes that wind and solar are not going to cut it. Thus, after thirty years in the doghouse, the nuclear option has regained the respectability in America that it enjoys among nations such as China, where ten new plants per year are proposed (our last new construction project broke ground in 1977).

Despite lingering doubts among those who remember Three Mile Island, uranium has been dusted off and presented to the public as a safe, environmentally friendly, cost-effective source of power. And the new generation of plants is all of those things, compared with the dinosaurs of the 1970s.

Even bureaucrats can understand that. Thus there’s been a major policy shift in D.C., and a powerful new trend has been set in motion. That’s clear. But how to profit from it?

First off, companies that build new nuclear power plants will see an uptick in demand for their services. The problem there is that companies operating in this sector are huge conglomerates with diverse business lines. So an increase in revenues from the unit that constructs nuclear power plants could easily be offset by a corporate decline elsewhere that has nothing to do with nuclear energy.

Investing in conglomerates generally means an expectation of modest gains. That may be sufficient for some investors, but not for us as speculators. We prefer to look for opportunities to double our investment, or better, letting us put less money at risk for potentially greater returns. So, we want exposure to companies that will benefit from this new policy in a bigger way, those that are more of a pure play.

For one, that means uranium producers. An increase in the number of nuclear power plants will drive higher demand for the mineral, bullish both for those who pull it from the ground and those who reprocess spent fuel.

The price of uranium is not going to skyrocket overnight. What with regulatory hurdles and long lead times, new construction in the U.S. will take a while. But permits will be issued, and in the interim, everyone else is forging ahead, with some 60 plants currently going up worldwide. Demand will steadily increase.

On the supply side, keep in mind that the U.S. and Russian governments have their own strategic nuclear fuel reserves, in the form of nuclear warheads. At present, half of all U.S. nuclear electricity comes from reprocessed fuel from Russian bombs, through the “Megatons to Megawatts” agreement. That has acted as a ceiling on the price of uranium in recent years. However, in 2013, Megatons to Megawatts will end, and American utilities will have to secure fuel through alternative means.

A few enterprising Western utilities see the writing on the wall and have been proactively securing their cheap supply of uranium through long-term contracts. But the rest will be forced to pay more on the open market, squeezing their already razor-thin margins. The utilities whose management had the foresight to lock in their supply at good prices will have an edge over their competitors that will be reflected in their stock price.

The miners are looking good, as well. If you add demand growth to the termination of the Russian pipeline, you get steadily rising prices for their product. And that will translate into fattening bottom lines.

As an investor, you’ll want your money in the savviest utilities, along with select uranium mining companies that are poised to prosper. Then you’ll be on your way to profiting handsomely. Take a look at American Energy Fields, Inc. on the web at http://www.americanenergyfields.com and make sure to sign up for the newsletter to stay up to date on uranium news and updates on the Company.

Content Credit: http://www.uraniumseek.com/news/UraniumSeek/1274245201.php

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Current Worldwide #Uranium Production From Mines $AEFI $BHP

This map shows current worldwide uranium production from mines. A prominent use of uranium from mining is as fuel for nuclear power plants.

The worldwide production of uranium in 2009: 50,572 tonnes

About 63 percent of the world’s production of uranium from mines is from Kazakhstan, Canada and Australia. After a decade of falling mine production to 1993, output of uranium has generally risen since then and now meets 76% of demand for power generation. Kazakhstan produces the largest share of uranium from mines (27% of world supply from mines), followed by Canada (20%) and Australia (16%).

Current Worldwide Uranium Production

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Is Uranium Demand Growing? #uranium #energy

As uranium inventories rapidly deplete worldwide and projected future nuclear energy needs grow, there is an urgent need for new uranium mines and increased production. Recent industry consolidation has limited suppliers, condensed geographical diversity, and currently some existing and planned uranium production facilities are in doubt. Forward looking indicators suggest a uranium demand curve that will surpass supply within the next several years and thus naturally lead to higher projected commodity prices.

“Nuclear power is here to stay, and we need to support a strong domestic uranium industry.” – Michael Burgess, US Congressman

Content Credit: http://tinyurl.com/2fgdrs3

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American Energy Fields, Inc. Participates In Vcall Oil, Gas, And Energy Virtual Conference #uranium

Phoenix, Arizona; American Energy Fields, Inc. (OTCBB: AEFI; the “Company”), would like to invite all shareholders and the investment community to attend the company’s webcast today, Wednesday, May 19, at – 10:00 AM EST from the Oil, Gas & Energy Virtual Conference. The webcast will be available at the following link
http://www.investorcalendar.com/IC/CEPage.asp?ID=158537

The Oil, Gas & Energy Virtual Conference will bring together experts from across the industry to provide key insights that investors need to make smarter investment decisions. The event will open on May 19th with webcast presentations from a number of companies representing a cross section of the sector including several other notable companies including Royal Dutch Shell Plc and NiMin Energy Corp.

The free webcasts will include the ability for investors to request more information and submit questions to the presenters. Attendees may be informed of the presentation schedule at the following link, register now.

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.

For further information please contact:

Corporate Office

3266 W Galveston Dr. Suite 107
Apache Junction, AZ 85220
480-288-6530

www.americanenergyfields.com

Investor Relations
Office: 949-481-5396

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