Gold Acres, located three miles (4.7 g/t over 5 feet (1. Rendell today
presented Chippewa Township with more than $1 million that will be used to
promote economic development and tourism in Beaver County and will ultimately
create 400 new jobs.

fmf groundworks

Mr. Additional
details concerning the nature of the transaction are provided in this
news release, and in the Company's EDGAR filings.sec.

backhoe caisson

Several holes drilled in this area had a high of
0.
"Business in Our Sites is one of the most useful tools in my economic
stimulus package," Gov. "Funding through this program helps
create shovel-ready sites in our towns and cities that attract emerging and
expanding companies and proves beyond doubt that Pennsylvania is open for
business. BOS
funds will be used for the installation of utilities, infrastructure upgrades,
construction of a driveway, excavation and telecommunications. has been awarded a $100,000 planning grant for the BeaveRun
MotorSports Complex in Big Beaver Borough.

waterlines percolation

The
property consists of 24 unpatented claims covering approximately 480
acres. Although there has been no production from the Banktop
property to date, recorded production for the district through 1977
is listed as 300,000 ounces gold and 1 million ounces silver. The property may have
been prospected as early as the 1870 's during the Utah Camp and
Cortez boom, and it contains numerous prospect pits and shallow
adits . The nearby gold deposits of Hilltop and Dean occur within the
same upper plate rocks, and both deposits contain significant high
grade in veins with lower grade gold values hosted by breccia zones.

Pennsylvania Governor Rendell Announces Projects That Will Create 400 Jobs and Promote Tourism in Beaver County

, Gov.P.

seepage wixom

A total of
more than 10,000 feet have been drilled.11 opt Au, 25 feet grading
0.36-acre site in the township.
Together with other stimulus programs, Business in Our Sites and the First
Industries Fund will provide Pennsylvania businesses with the necessary tools
to prosper, create jobs and have a significant impact on the commonwealth's
economy.

CONTACT: Kate Philips
Pennsylvania Office of the Governor
+1-717-783-1116

barlaston caissons

The Bullion district was first
prospected in the 1860's.

Management of American Goldfields believes the Crescent Fault,
Bankop and Bullion Mountain properties have significant potential and
are initiating development of further exploration of the projects.
The Tourism Program under First Industries provides $50 million in grants,
loans and loan guarantees for businesses and nonprofit organizations engaged
in tourism-related activities.

backhoe dozer

204 opt Au on the Bully claims and 1.25 million from the Business in Our Sites
program for development of the Beaver County Technology and Manufacturing
Development Center and $100,000 from the First Industries program for the
proposed expansion of the BeaveRun MotorSports Complex. A $300 million funding pool of grants and loans is available to
municipalities and redevelopment authorities for the acquisition and
development of these sites.
Applicants will also have access to loan guarantees up to $2.

sewers barlaston

Drilling
has encountered 3 meters of 0. In addition to Business in Our Sites and the First
Industries Fund, the CFA oversees PennWorks, the Tax Increment Financing (TIF)
Guarantee, New PA Venture Capital Investment, New Pennsylvania Venture
Guarantee , Building PA, and the Second Stage Loan programs.newPA.

Only web sites of multi-state or worldwide operations will be listed here.

forester caissons

The property consists of
6 unpatented mining claims covering approximately 120 acres. Mineralization encountered
in drilling includes 20 feet grading 0.035 opt Au. Significant gold intercepts of Carlin style mineralization
occur on the Bankop property around a trench where sampling detected
up to 1. The property consists of 20 unpatented mining claims
covering approximately 400 acres, which include a group of claims
known as the Bully claims and the Chief claims.02 opt Au on the Chief
claims.

"These properties are exciting mineral exploration properties, in
an area which we believe to be one of the highest-profile mineral
regions in Nevada," said Donald Neal, President and CEO. Rendell's innovative economic stimulus program. The expansion of the facility will attract
more than 1,000 tourists to the area on an average three-day weekend.

barlaston lambrecht

CHIPPEWA, Pa .

cavender groundworks

It has
been explored by Homestake from 1983 to 1986, Noranda from 1992 to
1994, and North Mining from 1995 to1996, each of whom carried out
drilling. They may also be used for
access roads or other necessary on-site and off-site transportation
improvements.

cavender wixom

American Goldfields Announces Interest in Gold Properties in Cortez/Pipeline Region

The company believes this volume of
geologic information is a valuable tool for further study of the
property.

The Bullion Mountain property ("Bullion Mountain") is located in
Lander County, along the Pipeline trend, approximately 6 miles
northwest of the Pipeline deposit and 12 miles southeast of Battle
Mountain.gov

American Goldfields Inc. This
$4.

driveway footings

a
natural resource exploration company. The property is within the Bullion district , which includes
the Tenabo and Mud Springs sub districts to the north and the Gold
Acres sub district to the east.
Exploration work on the Bullion Mountain property has defined three
targets.com re Cortez Gold Mine).
The governor announced $1."
Chippewa Township will receive a $425,000 grant and an $825,000 loan for
construction of the Beaver County Technology and Manufacturing Development
Center, to be located on a 10.
Funds may be used to acquire land, conduct environmental assessment and
remediation and perform demolition. Grants up to $250,000 are available to fund
predevelopment and feasibility studies.

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05 opt Au and 20 feet grading 0.

The Bankop property ("Bankop") is located in eastern Lander
County, Nevada, approximately 25 miles (40 km) southeast of Battle
Mountain and four miles (6 km) northwest of the Pipeline Mine. This trend defines the second most productive gold
region in the United States.

Regionally, the properties are located within an area which
includes the prolific gold-producing Pipeline/South Pipeline/Cortez
Hills/Pediment deposits whose gold production is estimated at 15. Edward G. Rendell said.

sewers caisson

Sampling and mapping has also been carried out. Placer gold mining was conducted at Mud Springs and
Mill Creek in the early 1930's and the first gold was mined at Gold
Acres in 1935. It lies along the Pipeline fault zone, and has been previously
explored by Placer Dome, Asarco, Hemlo, Lac.08 opt Au of 15 meters of 0. More than 400
jobs will be created at this site. Loans are available for costs
associated with tourism-related projects , which include historic, heritage,
cultural, sporting, amusement, nature, outdoor recreational, or retail
destinations located in Pennsylvania; hospitality and restaurant
establishments associated with those destinations; businesses that develop and
market travel packages; and public/private partnerships formed to enhance or
optimize the use of resources such as state-owned parks and state game lands .

fmf wixom

Richard Kern, who joined the Board of Directors of the
Company on May 26, 2004, is the President of MinQuest. Barrick and Pallum.
The Business in Our Sites program was created to provide funding to
communities for the development of ready-to-build sites for new and expanding
businesses.

nonpotable seepage

Exploration companies
involved include US Mining and Exploration Company, Phelps Dodge,
Placer Amex, Cyprus Exploration Company, Homestake Mining Company, US
Borax, Placer Dome US, Noranda Exploration, (Hemlo Gold), Uranerz
USA, and Minorca Resources.4 g/t gold.
Drilling has been carried out on the claims by Asarco and also Placer
Dome and Pallum.
Speed4U L.

If you have only one office location , please submit to that Locality/Business_and_Economy/

percolation excavation

Regionally, the area is situated within the Battle
Mountain-Eureka Trend, a northwest striking 30 to 40 miles wide (45
to 60 km) belt.5 m ). "We believe
that these projects, together with the Hercules, Imperial Mine and
Gilman projects , comprise a significant foothold in what has
historically been one of the most valuable and concentrated gold
districts in the world. Completion of feasibility,
planning and predevelopment studies will allow BeaveRun to pursue plans to
expand the existing track complex.2 million project will likely result in over $6 million in new revenue to
the region annually. The program puts special emphasis on communities
that lack the resources necessary to invest in site preparation and the
renovation of brownfield sites in order to prevent urban sprawl.

backhoe concreting

News Editors

VANCOUVER, British Columbia----American Goldfields Inc.5
meters of 0. The First Industries Fund provides new resources to the tourism
industry; an industry that has been traditionally under-funded, that provides
more than 563,000 jobs for Pennsylvania families and is integral to
Pennsylvania's overall economic growth and quality of life. The facility will
include 100,000 square feet of manufacturing, incubator and office space.
For more information on stimulus programs, visit http://www.

driveway forester

7
million ounces over a projected 17-year mine life with 88% recovery
(source:mining-technology. More information is included in the
company's filings with the Securities and Exchange Commission, and
may be accessed through the SEC's web site at www. These include rail, costs associated with engineering, legal
and other professional services and any other activities necessary to make a
specific site ready for reuse.5 million or 50
percent of their outstanding project costs, whichever is less.
The Commonwealth Financing Authority is a seven-member board, created to
administer and fund projects from programs that are part of the Economic
Stimulus Package.

For more regionally specific company websites , please see the appropriate category in Top/Regional/.

sewers fireline

Gold was discovered at Tenabo in 1905 and
mined until 1912. (OTC Bulletin Board:AGFL)

Both programs are
part of Gov. The funds may also be used for site
preparation activities and installation of infrastructure, including but not
limited to sewer, water, storm water, utilities and telecommunications, both
on site and as needed to bring service to the site.

wixom anchoring

The Crescent Fault property ("Crescent Fault") is located in
Eureka County, three miles from the Mill Canyon deposit drilled by
Newmont and five miles from the Cortez mine.

cavender backhoe

5 km)
to the southeast of the Bankop property, is the closest Carlin type
mine. Surface samples have identified high grade gold
(greater than 0. The economic stimulus package targets $2.com or
call 1-866-GO-NEWPA (1-866-466-3972).

driveway lambrecht

(OTCBB:AGFL) announced that it has
entered into a formal agreement to acquire a 100% interest in three
Nevada gold properties, currently controlled by MinQuest Inc. The properties collectively
consist of 50 unpatented mining claims covering approximately 1 ,000
acres of land, all of which is in the Cortez/Pipeline region of
Nevada.5 opt) in fault zone in upper plate rocks. The property is situated along a trend of numerous large
mines and contains significant gold values.

anchoring groundworks

The
Bankop property has been explored since 1965."

Disclaimer: This announcement may contain forward-looking
statements which involve risks and uncertainties that include , among
others, limited operating history, limited access to operating
capital, factors detailed in the accuracy of geological and
geophysical results including drilling and assay reports; the ability
to close the acquisition of mineral exploration properties, 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 .3 billion in public
investments to leverage at least $5 billion worth of private sector
investments in economic and community development projects.