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Great American Energy, Inc. Enters Into Option To Acquire 60% Interest In Canada-Based Bear Creek Rare Earth Property

MORE INFORMATION

Learn more about the Bear Creek Rare Earth Property, the Company, and its recent news at Great American Energy’s website: http://www.gamericanenergy.com.

ABOUT GREAT AMERICAN ENERGY, INC.

Great American Energy, Inc. is a publicly traded (OTCBB: SRBL) mineral exploration and development company focused on supporting America’s growing clean energy and clean tech industries. Based in Denver, Colorado, Great American Energy is dedicated to responsibly identifying, acquiring and developing mineral assets in America and US-friendly countries. The Company’s portfolio of projects currently targets lithium and rare earth element production, both of which are essential to America's clean energy and clean tech industries. For more information on the Company and its activities, visit Great American Energy’s website at http://www.gamericanenergy.com.

ON BEHALF OF THE BOARD OF DIRECTORS,Great American Energy, Inc.Felipe Pimienta, CEO

999 18th StreetSuite 3000Denver, Colorado80202

This press release includes certain statements that are forward-looking in nature and that involve a number of uncertainties and risks. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this press release are based on Great American Energy, Inc.'s current expectations and projections regarding future events, which are based on currently available information. The forward-looking statements in this press release may also include statements relating to Great American Energy Inc.'s anticipated new developments, business prospects, financial performance, strategies and similar matters. Great American Energy, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

Copyright Business Wire 2010
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