ASKE Alaska Pacific Energy Corporation (CE)

Alaska Pacific Energy Corp Engaged RBSM to
Conduct Audit

Miami Fl. March 18, 2013. Alaska Pacific
Energy Corp. (PINKSHEETS: ASKE) announced today that it has retained the
services of RBSM LLP- Accountants and Advisors. The scope of the engagement is
to conduct an audit of the company’s financials. The purpose of the audit is to
assist the company in becoming once again listed as an OTCQB Company. As an
OTCQB company, the company is required to have its financial reports audited by
a Public Company Accounting Oversight Board Accounting Firm (PCAOB). These
financial reports as well as disclosure and other reports are filed with the
Securities Exchange Commission. http://www.otcmarkets.com/companies-advisors/otcqb.

RBSM LLP is a
certified public accounting firm with operating offices in major cities in the
United States, Europe & Asia. The firm provides professional accounting,
auditing and tax services to a number of publicly held businesses as well as
privately held companies. http://www.rbsmllp.com/about-us-overview.php
.

“I see this as a workable task” Said Alaska Pacific
President Dominick Falso. “Although any time there is a management change…like
we have gone through, understanding the accounting that was done by the
predecessors can have its challenges… but we have spent enough time going
through the company records…and they appear to be in proper order… we feel
comfortable that the records are certainly auditable. I am very happy that we
were able to engage RBSM. They are a world class firm.”

The company will be working with Managing
Partner Peter Stefano.   Peter has thirty
years of experience in serving the audit and accounting needs of domestic and
international public and privately-held enterprises. Peter has made
presentations at a number of conferences addressing topics affecting
enterprises seeking to access the public markets as well as challenges facing
current registrants. http://www.rbsmllp.com/about-us-member-stefanou.php
.

In July of 2011, the company filed a form 15
with the SEC, voluntarily becoming delisted from the QB. When new management
took over Alaska Pacific in December of last year the company was listed as a
Limited Information Company on OTC Markets. The company then completed all the
necessary tasks to once again regain its status of “OTC Pink Current
Information” on the OTC Market. At that point Company President Dominick Falso
indicated that“… it just makes sense
for the company to determine whether
continuing the remediation of the company’s OTC status back to the QB is a
fiscally sound idea.”

As an “OTC Pink Current Information” company,
the company is currently required to post quarterly and annual financial and
disclosure reports on the OTC Markets site. This information is then available
for the public (investors) to examine. As an OTCQB company, the company will be
required to have its financial reports audited by a Public Company Accounting
Oversight Board Accounting Firm (PCAOB). These financial reports as well as
disclosure and other reports are filed with the Securities Exchange Commission.
http://www.otcmarkets.com/companies-advisors/otcqb .

 “There
is additional expense in becoming and maintaining QB ranking” said Mr. Falso, “I
have examined the options…it is time to act… It appears that the return to a
reporting status is within our reach and a worthwhile project…”

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. 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 (web site under
revision; not totally up to date.)

info@Alasksapacificenergy.com

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