LITHIA, May 30, 2018 - American International Ventures, Inc.
(OTC PINK: AIVN), on May 22, 2018, American International Ventures, Inc.'s wholly-owned subsidiary, GeoEnergy (USA) Inc., was issued an international license to develop and construct coal to liquids plants in Indonesia. The license further permits construction of two (2) domestic plants in West Virginia and Kentucky (USA). This licensed technology is covered by recent United States Patent No: 9,845,431 B2 as developed by Quantex Research Corporation, a Canadian Company.
The significance of this process is that it will cause a paradigm shift in the way coal assets are evaluated worldwide. GeoEnergy will utilize this process for Depolymerizing Coal to produce Synthetic Crude Oil (SCO), Pitch and Naphthalene. The process can yield up to four (4) barrels of SCO per ton using coal as a feedstock.
GEOENERGY is a diversified mining and mineral asset management company that is involved in energy, natural resource, and fuel-related industries. GEOENERGY (along with its partners and affiliates) control over 1.5 billion tons of coal assets in Indonesia. Coal is currently mined and exported to India and China to supply coal-fired power plants for electricity generation. GEOENERGY has worked to develop technologies which support recent government mandates to create jobs and value-added products that are mandated under new regulations set forth by the Indonesian government to increase the value of raw minerals through processing on shore, for domestic use and export.
Our coal to liquids business model provides total compliance with these mandates. It further eliminates expensive coal drying techniques currently utilized. Over the past 30 years, GEOENERGY and its affiliated companies have established a reputation in the market as experts in coal processing.
GEOENERGY is currently in negotiations to develop 4 coal to liquids plants (CTL) in Indonesia. The board recently appointed Robert G. Polce, Jr. (58), Chief Executive Officer and Director of American International Ventures Inc. Mr. Polce has lived and worked in the Asia-Pacific region for the past 25 years and has vast experience in business as an executive, principle, consultant, and investor. He is a seasoned International Financier and Private Equity Investor. He has acted as Trustee and Trade & Project Financing Specialist for European and Middle Eastern Private Trusts, with focus concentrated on the natural resource and energy sectors.
Early in his career, while working in Switzerland, he acquired special skills and associations while connected with one of the largest commodity trading houses in the world. He also was affiliated with P&F Petro Credit in Zurich in a similar role.
He then headed the BBF Trading Group of Companies headquartered in Singapore, serving as the company's Managing Director for 8 years. The BBF Groups' activities included mining, timber processing, real estate development and physical commodity trading in 11 countries throughout SE Asia.
He is experienced in underwriting public and private capital projects. His specialties include asset-based financing using proven mineral reserves ("In-Ground" assets). He has spent over 25 years in the Pacific Rim providing trade financing and project development including coal and other natural resources in Indonesia, Papua New Guinea and more.
Most recently, Mr. Polce headed the GEO Group of Companies as their Chief Executive Officer. GEO is a diversified mining and mineral asset management company that is involved in energy, natural resource and fuel related industries. GEO has primarily operated in the South East Asian region.
He will now focus his work on the transition of Geo holdings into AIVN.
Paul "Mike" Muncy (63) was also appointed as Director and Chief Technology Officer. Mr. Muncy brings over 35 years' experience in mining and extraction. For the past 11 years, he also served as Chief Technology Officer for the GeoAsia Group, based in Singapore. Mr. Muncy responsibilities with GeoAsia was to provide due diligence and investigate new technologies that could enhance that companies extensive mining operations and heavy industry holdings in Indonesia.
American International Ventures, Inc. (AIVN) is a gold and silver mining company with a focus on acquiring mines in operator friendly regions of the United States and Mexico. AIVN flagship mining property. The Mother Lode in Baja California, Mexico is an enormous mining district, with a rich history starting at the turn of the 20th century when over 200,000 ounces of gold was mined in only 10 years. Only 10% of the property has been tested for gold; the areas that have, return consistently high-grade results.
Cautionary Note Regarding Forward-Looking Statements and Information concerning mineral resources. This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of mining programs, anticipated exploration and metallurgical test program results, the discovery and delineation of mineral deposits/resources/reserves, the potential for any mining or production are to be considered forward-looking statements. Except as required by the Federal Securities law, AIVN does not undertake any obligation to revise or update any forward-looking statements contained herein after the date hereof.
American International Ventures, Inc.
Robert G. Polce Jr., Chief Executive Officer
Phone: 813- 260- 2866