BOE

Americas Petrogas (TSX VENTURE:BOE) (the "Company") is pleased to provide the
following updates of its oil and gas activities in Argentina as well as its
fertilizer activities in Peru.


Oil and Gas

Since late January 2014, all of the Company's conventional operations at
Medanito Sur have been powered via the generation of electricity from produced
gas. Currently, approximately 320 to 350 thousand cubic feet per day (Mscf/d) is
used for power generation, process heating and gas compression, while the
remainder of the gas production is being injected into the El Jabali Field.


In April 2014, the gas reinjection program at the El Jabali field on the
Medanito Sur block was fully operational, injecting approximately 1 million
cubic feet per day (MMscf/d) or more into the reservoir. The gas reinjection
capacity is approximately 7 MMscf/d. More recently, gas reinjection has
increased to approximately 2.8 MMscf/d.


The gas reinjection program appears to have moderated the declines in our
conventional oil production on the Medanito Sur block and the Company continues
to study the effects of the gas reinjection program on the reservoir. Current
production is approximately 1,765 barrels of oil equivalent per day (boepd),
including gas production of approximately 565 boepd, which is being used for
internal power generation and reinjection.


Reprocessing of the 3D seismic data on the Medanito Sur and Rinconada Norte
blocks is mid-process and remains ongoing. As well, reprocessing of the 3D
seismic data on the Los Toldos I block commenced in July 2014.


The Company is in discussion with the government to extend the exploration
period of Lomas Ranqueles due to rig availability.


Americas Petrogas, with Yacimientos del Sur, a subsidiary of YPF, continues
negotiating with the Neuquen province for a contract extension on the Huacalera
block.


Fertilizer

Americas Petrogas, through its subsidiary, GrowMax Agri Corp. ("GrowMax"), has
engaged Golder Associates Ltd. ("Golder") to prepare a National Instrument (NI)
43-101 mineral resource technical report for potential filing with a securities
commission/exchange. As per NI 43-101 requirements, all work will be performed
by or under the supervision of a Golder Qualified Person (QP) as per the
definition provided in NI 43-101. As well, GrowMax has engaged Geominex
Consultants Inc. to assist in the process.


Strategic Review

The Company's strategic review process is ongoing.

About Americas Petrogas Inc. 

Americas Petrogas Inc. is a Canadian company whose shares trade on the TSX
Venture Exchange under the symbol "BOE". Americas Petrogas has conventional and
unconventional (shale and tight sands) oil and gas interests in numerous blocks
in the Neuquen Basin of Argentina. Americas Petrogas has joint venture partners,
including ExxonMobil and YPF (formerly Apache) on various blocks in Argentina.
For more information about Americas Petrogas, please visit
www.americaspetrogas.com. 


Forward Looking Information 

This Press Release contains forward-looking information including, but not
limited to, oil and gas production information, strategic review, gas
reinjection program, reprocessing of 3D seismic data, drilling of a well on Loma
Ranqueles, including negotiating an extension of the commitment, negotiations
for an extension of the commitment on Huacalera, and preparation and filing of a
NI 43-101 resource report. Additional forward-looking information is contained
in the Company's Annual MD&A and Annual Information Form for the year ended
December 31, 2013, and reference should be made to the additional disclosures of
the assumptions, risks and uncertainties relating to such forward-looking
information in those documents.


Forward-looking information is based on management's expectations regarding the
Company's future growth, results of operations, production, future capital and
other expenditures (including the amount, nature and sources of funding
thereof), competitive advantages, plans for and results of drilling activity
(including the timing, location, depth and the number of wells), environmental
matters, business prospects and opportunities and expectations with respect to
general economic conditions. Such forward-looking information reflects
management's current beliefs and assumptions and is based on information,
including reserves and resources information, currently available to management.
Forward-looking information involves significant known and unknown risks and
uncertainties. A number of factors could cause actual results, performance or
achievements to differ materially from any future results, performance or
achievements expressed or implied by the forward-looking information, including
but not limited to, risks associated with the oil and gas industry (e.g.
operational risks in development, exploration and production, delays or changes
to plans with respect to exploration or development projects or capital
expenditures; the uncertainty of reserve estimates; the uncertainty of
geological interpretations; the uncertainty of estimates and projections in
relation to production, costs and expenses and health, safety and environment
risks, extensions of concessions and commitments), the risk of commodity price
and foreign exchange rate fluctuations, the uncertainty associated with
negotiating with foreign governments and third parties located in foreign
jurisdictions and the risk associated with international activity and the risk
of being unable to raise significant funds on terms acceptable to the Company to
meet its capital and operating expenditure requirements in respect of its
properties. 


There can be no assurance that the Company will obtain extensions when needed,
or at all. Readers are cautioned that measured oil and gas flow rates may not be
indicative of sustainable production rates. Although the forward-looking
information contained herein is based upon assumptions which management believes
to be reasonable, the Company cannot assure investors that actual results will
be consistent with this forward-looking information. This forward-looking
information is made as of the date hereof and the Company assumes no obligation
to update or revise this information to reflect new events or circumstances,
except as required by law. Because of the risks, uncertainties and assumptions
inherent in forward-looking information, prospective investors in the Company's
securities should not place undue reliance on this forward-looking information.


The term BOE (barrels of oil equivalent) is used in this press release. All
calculations converting natural gas to BOE have been made using a conversion
ratio of six thousand cubic feet (six "Mcf") of natural gas to one barrel of
oil, unless otherwise stated. The use of BOE may be misleading, particularly if
used in isolation, as the conversion ratio of six Mcf of natural gas to one
barrel of oil is based on an energy equivalency conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
wellhead. Given that the value ratio based on the current price of crude oil as
compared to natural gas is significantly different from the energy equivalency
of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication
of value.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Americas Petrogas Inc.
Barclay Hambrook, P. Eng., MBA
President and CEO
(403) 685-1888
inquiries@americaspetrogas.com
www.americaspetrogas.com

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