Thursday, February 16th, 2012 - Americas Petrogas Inc.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Americas Petrogas (TSX VENTURE: BOE) ("Americas Petrogas" or the "Company") is pleased to announce, with respect to the Los Toldos Este well (LTE.x-1) drilled on the Los Toldos II block in the Neuquen province, that a full suite of logs and cores have been acquired from the Vaca Muerta formation, and production casing has been successfully set and cemented to a total depth of approximately 3,260 meters. The well encountered 343 metres or 1125 feet of the primary target Vaca Muerta Shale Formation with hydrocarbon shows. Hydrocarbon shows were also encountered and data acquired in the Mulichinco, Quintuco and Tordillo formations. These results were reported to the appropriate government authorities.
The Company will soon begin integrating the comprehensive data set in order to provide fracing and testing options for shale oil or shale gas reservoirs, as well as other identified targets.

This is the first Vaca Muerta Shale vertical exploration well drilled in the Los Toldos blocks (163,500 gross acres or 255 sections or 660 square kilometers), which are located in the Neuquen Basin of Argentina and which are believed to run along the emerging shale oil and shale gas play corridor in the Western part of the Neuquen Basin. Americas Petrogas has a 45% working interest in these blocks, ExxonMobil holds a 45% working interest, and Gas y Petroleo del Neuquen holds a 10% working interest. Americas Petrogas is the operator.

Commenting on the drilling of this well, Mr. Barclay Hambrook, President and CEO, stated, "We are very pleased that the well has been drilled and cased successfully to TD and has intersected over 1100 feet of continuous Vaca Muerta Shale with oil and gas shows as well as several other formations with hydrocarbon shows. Together with our partners, ExxonMobil and Gas y Petroleo del Neuquen, we are looking forward to the results of fracing, testing and further exploration on this block."

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Americas Petrogas Inc.


Americas Petrogas Inc. is a Canadian company whose shares trade on the TSX Venture Exchange under the symbol "BOE". Americas Petrogas has conventional and unconventional (shale and tight sands) oil and gas interests in numerous blocks in the Neuquen Basin of Argentina. Americas Petrogas has joint venture partners, including ExxonMobil, Apache and Gran Tierra Energy, on various blocks in Argentina. For more information about Americas Petrogas, please visit www.americaspetrogas.com

Certain statements contained in this press release constitute "forward-looking statements" as such term is used in applicable Canadian and US securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or are not statements of historical fact and should be viewed as "forward-looking statements". These statements relate to analyses and other information that are based upon forecasts of future results, estimates of amounts not yet determinable and assumptions of management. 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.
In particular, statements (express or implied) regarding the ability of the Company to successfully analyze the formations and intervals within formation or to successfully frac, complete, test and commercially produce or sell oil, gas or other hydrocarbons from the LTE.x-1 well (or any one of the formations contained therein), including the timing of such activities, should all be viewed as forward looking statements. The presence of hydrocarbon shows is not necessarily indicative that hydrocarbons are capable of being successfully produced in commercial quantities. There is no assurance reserves will be assigned to such hydrocarbon bearing formations. There is no assurance that future wells will be drilled on the Los Toldos blocks or that if drilled, such wells will be successful.

There can be no assurance that such forward-looking statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. The forward-looking statements contained herein are expressly qualified by this cautionary statement.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Barclay Hambrook
P: (403) 685-1888
W: www.americaspetrogas.com

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