BILLINGS, Mont., March 31, 2011 /PRNewswire/ -- American Eagle Energy Inc. (OTC Bulletin Board: AMZG); ("American Eagle" or the "Company") is pleased to announce that it was highlighted as a key US landowner and as having exposure to the emerging Alberta Basin Bakken Play, along with other more senior oil and gas exploration and production companies, in the Scotia Capital Equity Research Industry Report "Exploration of the Alberta Bakken: Resource Play Mosaic in the Making ?" ( March 2011). American Eagle's management's experience in the Elm Coulee field and the large acreage position within the "Alberta Bakken" were highlighted in the Scotia Capital Report. Richard Findley, the Company's President and Chief Executive Officer stated, "American Eagle management's experience included the formative years of the Bakken Play in the Williston Basin, where we have already assembled significant Bakken assets. We used this experience to gain a very early entry in the Alberta Basin Bakken Play, where we have indentified and acquired our large acreage position in key areas of Bakken development with, what we believe are, maximum oil reserves in multiple zones. We are continuing to build on this core asset in American Eagle and are currently preparing for our first drill test to help evaluate our position in this exciting play." To view the Scotia Capital Equity Research Industry Report "Exploration of the Alberta Bakken: Resource Play Mosaic in the Making ?" ( March 2011), please visit our website at www.americaneagleoil.comAbout American Eagle Energy Inc.: American Eagle Energy Inc. is an oil and gas company engaged in the exploration of petroleum and natural gas. The Company was incorporated in Nevada on March 14, 2007 to engage in the acquisition, exploration, and development of natural resource properties. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated growth in oil and gas sales, potential contracts, and/or aspects of litigation. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, American Eagle Energy Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions. Readers are encouraged to read our Annual Report on Form 10-K for the year ended December 31, 2010, and our other documents subsequently filed with the Securities and Exchange Commission for meaningful cautionary language in respect of forward-looking statements in this press release. Interested persons are able to obtain free copies of filings containing information about the Company at the SEC's internet site ( http://www.sec.gov). The Company assumes no obligation to update any of these forward-looking statements. CONTACT: Richard Findley Chief Executive Officer American Eagle Energy Inc. (406) 294-9765 SOURCE American Eagle Energy Inc.