ABOUT ALLIED AMERICAN STEEL: Allied American Steel Corp is an exploration company focused on the discovery and production of significant iron ore resources, and the titanium dioxide resources often associated with iron deposits. The Company is publicly traded, and can be found on the NASDAQ OTC BB under the ticker symbol AAST.OB. Based in Pittsburgh, PA, Allied American Steel is positioned to continue the strategic expansion of its property portfolio on North America's eastern seaboard, granting easy access to world export markets. A Form 43-101F1 technical report (May, 2010) on the Company's Lake Touladi Property in Quebec, Canada, cited 4 major mineralized zones (A to D). The combined estimated historical mineral resources for Zones A and B alone, which were only partially drilled, were established as 124 million tons (Mt) grading an average 23.3 wt. % iron (Fe) and 6.6 wt. % titanium dioxide (TiO2). When based on drilling that confirmed ore depths at more than 330 meters, the Touladi Property represents an inferred resource of 248 Mt, and a production life of 45.9 years.