American Energy Fields, Inc. Appoints Randall Reneau as Chairman of the Board
PHOENIX, April 20, 2010 (GLOBE NEWSWIRE) -- American Energy Fields, Inc. (OTCBB:AEFI) the "Company", is pleased to announce it has appointed Randall Reneau as "Chairman of the Board."
With a rich history in mining, mineral exploration, and managing public companies, Randall Reneau brings to American Energy Fields the leadership and blended experiences needed for a young resource company to grow. Mr. Reneau is registered as a Certified Professional Geologist with over 35 years of experience in mineral exploration and project management in the United States, Mexico, Brazil, and West Africa. Mr. Reneau was the Co-Founder and currently resides as the Chairman of the Board of Strategic American Oil Corporation (SGCA), a publicly listed oil and gas exploration and production company based out of Corpus Christi, Texas. He served Strategic American Oil as President and CEO from 2007 to 2009. Mr. Reneau also served as Chief Exploration Officer and a director of Uranium Energy Corp., a uranium exploration company publicly traded on the American Stock Exchange, from January 2005 to July 2007. He has significant experience exploring for uranium in the United States, specifically in Texas, Arizona, New Mexico, and Wyoming, the states known to hold the largest uranium reserves. He extensively explored these states while employed in a senior position for Conoco Uranium, a subsidiary of Conoco Ltd., and Wold Nuclear, a privately-held company. He obtained his M.S. in Environmental Engineering from Kennedy-Western University, Boise, Idaho, and a B.A. in Geology from Central Washington University.
Mr. Reneau will provide leadership and guidance in all areas of company development including asset acquisition and development while strengthening the Company's profile in the resource and public sectors. His experience and understanding of the uranium sector and the public markets is unique and will be of incredible benefit to the development of AEFI.
President Joshua Bleak said of the appointment, "Having someone of Mr. Reneau's pedigree join the American Energy Fields team is a major development for our company. Being able to recruit him speaks highly of the team already in place and of our strategic vision moving forward. We are focused on building a world class alternative energy development company and Mr. Reneau brings us one step closer to that realm."
"This is a great opportunity for me to get back into the alternative energy field," said Mr. Reneau. "After being offered the position, I reviewed the framework of the Company and felt it was a perfect fit between my passion for resource development and the company's growth model of finding, acquiring, and developing projects located in the Southwest U.S. I look at the Coso project, the work completed by Rocky Mountain Energy, the potential for near term production, and the possibility of expanding the historical findings, and I know we have the building blocks to create a uranium producing mine. I look forward to being a part of that process. I am very pleased to be joining this skilled team and working towards building a significant 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 target and acquire projects with previous production and/or exploration and work towards fully developing those projects to drive revenues and build core reserves.
CONTACT: American Energy Fields, Inc.
Investor Relations
480-288-6530
3266 W Galveston Dr. Suite 107
Apache Junction, AZ 85220
