Great American Energy, Inc. Establishes Qualified Mine Manager And Safety Measures For Bear Creek Rare Earth Project

Great American Energy, Inc. (OTCBB: SRBL) ("Great American Energy" and/or "the Company") is pleased to report on progress made on the Company's 2013 exploration program for its Bear Creek Rare Earth Project in British Columbia (BC), Canada. The Phase I program is designed to better determine the project's resource and production potential.

A qualified mine manager has been appointed to the work program: DW Exploration Ltd (DWE). DWE was founded and is owned by David A. Wallach, who is part of Great American Energy's Advisory Board. Mr. Wallach is a fourth generation miner and prospector with 25 years of experience as President/Director of several private exploration companies, acting as general manager, project manager and tenure management. Among his industry experience are practical mining and exploration in open pit and underground drilling/blasting; heavy equipment operator; timber man; prospector and geo technical field work.

Great American Energy has also attended to the following safety-related measures associated with the Phase I exploration program:
  • An Emergency Response Plan has been developed for surface exploration operations targeting rare earth elements. Among the plan's details is an inventory of emergency equipment available for use at the project site, and confirmation that, among the team members, Mark Peabody holds a Level 1 First Aid ticket and is a transportation endorsement First Aid provider. Mr. Peabody is available at the on-site First-aid Station, located by the office trailer. All members of drilling crews, meanwhile, hold Level 1 First Aid tickets.
  • The Company has purchased Commercial General Liability insurance coverage of $2,000,000 as of March 20, 2013, providing insurance coverage for the Phase I exploration operations.
  • By way of identifying any potential radioactivity on the exploration site, the Company received a report from the Saskatchewan Research Council on March 19, 2013, confirming the site sample provided is not radioactive (Report No: G-13-454 established sample number 132612 was <200 counts per second (cps) on the Geiger counter.)

"We're encouraged to have already completed these legal, administrative and safety groundwork steps for our Phase I exploration work on the Bear Creek Rare Earth Project," commented Felipe Pimienta, Great American Energy's CEO. "We can now bring our full focus onto defining our work program's scope, success criteria and projected expenses in finer detail."

The Bear Creek Rare Earth Project consists of 10 mining claims totaling ~7,311 acres (~2,959 hectares) that contain potential for significant resources of rare earth elements (REEs) and may contain rare earth oxides.[1] The property lies within the Rocky Mountain Rare Metal Belt, which runs from southeast to northwest BC.[2] In total, the BC Geological Survey has mapped 106 rare metal and/or REE occurrences in the province, most of which fall within the belt.[3]

MORE INFORMATION

Learn more about the Bear Creek Rare Earth Project, 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.

SOURCES:1. Bear Creek Rare Earth Project Report. Dr. Stewart A. Jackson, PhD, P, GeoI., Feb. 12, 2011.2. Resource World Magazine, Aug. 2010.3. BC Ministry of Energy and Mines website, July 4, 2012.

Copyright Business Wire 2010