Americas Petrogas Provides Clarification on Operations Update

CALGARY, ALBERTA--(Marketwired - July 29, 2014) - Americas Petrogas (TSX VENTURE:BOE) (the "Company") wishes to provide clarification on the Operations Update released earlier today in respect of the Company's oil and gas activities in Argentina as well as its fertilizer and phosphate activities in Peru.

Oil and Gas

The Company clarifies that current production is approximately 1,765 gross barrels of oil equivalent per day (boepd), inclusive of gas production of approximately 565 boepd, which is being used for internal power generation and reinjection. The Company's net production after accounting for production used for internal power generation and reinjection is approximately 800 barrels of oil per day (bopd).

Phosphate Mineral Resources

The Company, through its subsidiary, GrowMax Agri Corp. ("GrowMax"), has engaged Golder Associates Ltd. ("Golder") to prepare a National Instrument (NI) 43-101 mineral resource technical report in respect of GrowMax's phosphate mineral resources on its Bayovar Concession for future filing in accordance with NI 43-101 requirements. The report commissioned from Golder is in addition to the Company's existing NI 43-101 report dated January 11, 2013 on its brine mineral resources on the Bayovar Concession.

About 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 and YPF (formerly Apache) on various blocks in Argentina. For more information about Americas Petrogas, please visit www.americaspetrogas.com.

Forward Looking Information

This Press Release contains forward-looking information including, but not limited to, oil and gas production information, strategic review, gas reinjection program, reprocessing of 3D seismic data, drilling of a well on Loma Ranqueles, including negotiating an extension of the commitment, negotiations for an extension of the commitment on Huacalera, and preparation and filing of a NI 43-101 resource report. Additional forward-looking information is contained in the Company's Annual MD&A and Annual Information Form for the year ended December 31, 2013, and reference should be made to the additional disclosures of the assumptions, risks and uncertainties relating to such forward-looking information in those documents.