Americas Petrogas Inc. Completes $17.25 Million Financing

CALGARY, June 10, 2014 - Americas Petrogas Inc. (TSX VENTURE:BOE) (the "Company" or "Americas Petrogas") is pleased to announce today that it has successfully completed its previously announced public offering (the "Offering") of 19,166,666 units (the "Units") at price of $0.90 per Unit ("Offering Price") for gross proceeds of $17,249,999. The Offering was conducted by a syndicate of underwriters led by Mackie Research Capital Corporation and including RBC Dominion Securities Inc., TD Securities Inc., and Cormark Securities Inc. (the "Underwriters"). The gross proceeds from the Offering included the exercise, in full, of the over-allotment option granted by the Company for 2,500,000 Units.

Each Unit consists of one common share (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant"), with each Warrant entitling the holder thereof to acquire one Common Share in the capital of the Company at a price of $1.125 until 36 months from the closing date of the Offering.

The Units were distributed under a short form prospectus dated June 2, 2014 (the "Prospectus"), a copy of which is available under the Company's profile on SEDAR at www.sedar.com. The net proceeds from the Offering will be used as stated in the Prospectus.

In connection with the Offering, the Underwriters will receive a cash commission and nontransferable compensation options entitling the Underwriters to acquire up to 575,000 Units for a period of 12 months from the closing date of the Offering at $0.90 per Unit having the same terms as the Units comprising the Offering.

The Units offered were not registered under the U.S. Securities Act of 1933, as amended, and were not offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful.


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 oil and gas 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, on various blocks in the shale oil and gas corridor in the Neuquen Basin, Argentina. Americas Petrogas also owns an 80% interest in GrowMax Agri Corp., a private company involved in the exploration for near-surface potash, phosphates and other minerals, and potential development of a fertilizer project in Peru. Indian Farmers Fertiliser Co-operative Limited (IFFCO) owns a 20% interest in GrowMax Agri Corp. For more information about Americas Petrogas Inc., please visit www.americaspetrogas.com.


Reader Advisory

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, including without limitation, those listed in the "Risk Factors" section of the Company's Annual Information Form dated May 2, 2014 and the Prospectus (both of which may be viewed at www.sedar.com).

In particular, statements (express or implied) contained herein regarding the use of net proceeds from the Offering should be viewed as forward-looking statements.

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.

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Contact

Americas Petrogas Inc.
Barclay Hambrook, P. Eng., MBA
President and CEO
(403) 685-1888
inquiries@americaspetrogas.com
www.americaspetrogas.com