ASKE Alaska Pacific Energy Corporation (CE)

Alaska Pacific
Energy Considering Eagle Ford Shale Oil/Gas Lease

Miami Fl. February
22, 2013.

Alaska Pacific Energy Corp. (PINKSHEETS: ASKE) announced today that it is moving
closer to a deal for drilling acreage in McMullen County, Texas. The acreage
being considered appears to be able to provide an outstanding pay from the
Eagle Ford Shale Pay Zone. Experts have estimated
over 25 Billion Barrels of oil and 150 trillion cubic feet of natural gas in
the Eagle Ford Shale Pay Zone. The company is in the process of accessing
additional geology on the actual tracts that they are considering. There are also
stacked payout opportunities in formations that are found both above and below
the Eagle Ford. This is a very exciting time at the company.

Company
President, Dominick Falso said “I have spent quite a bit of time investigating
various opportunities in a variety of areas. The Eagle Ford Shale Play has been
booming for the past few years but we feel, and so do many others, that this
boom should last for years to come. Our goals include exchanging restricted
shares for drilling rights or even partnering up with current lease owners…again
bring restricted common stock to the table. This gives us a year from the a date
that we acquire a lease to develop it to production…the theory being that the
oil and or gas production will help fortify the company, financially and
otherwise…”

The South Texas
opportunities are not the only ones being examined. The company is also
exploring drilling opportunities in West Texas as well as Oklahoma. The company
expects that the price of crude oil will remain in the one hundred dollars per barrel
for quite a while. Accordingly the company is developing plans to be able to
acquire leases, develop them and get to market at a substantial profit which
should have a positive impact on shareholder value.

 Safe Harbor
Statement: This release includes “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934 that are based upon assumptions that
in the future may prove not to have been accurate and are subject to
significant risks and uncertainties, including statements as to the future
performance of the company and the risks and uncertainties detailed from time
to time in reports filed by the company with the Securities and Exchange
Commission and or elsewhere.  Although the company believes that the
expectations reflected in its forward-looking statements are reasonable, it can
give no assurance that such expectations or any of its forward-looking
statements will prove to be correct.  Factors that could cause results to
differ include, but are not limited to, the company’s ability to raise
necessary financing, retention of key personnel, timely delivery of inventory
from the company’s contract manufacturers, timely product development, product
acceptance, and the impact of competitive services and products, in addition to
general economic risks and uncertainties.

 CONTACT:  
Alaska Pacific Energy Corp.

  Dominick
Falso, President (954) 793-0657

www.alaskapacificenergy.com

info@Alasksapacificenergy.com

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