American Energy Development Provides Update: Michigan Activities, Brown 2-12 and United Kingdom Prospect

NEW YORK, June 5, 2012 (GLOBE NEWSWIRE) -- American Energy Development Corp. (AED) (OTCBB:AEDC), an emerging energy company involved in the acquisition, exploration, development and production of established oil and gas basins, reported oil production from its Brown 2-12 well was approximately 27% greater in May than the average monthly production for the previous three months. The production increase is primarily due to the well maturing and internal pressure stabilization, as well as no mechanical downtime during the month.

"Brown 2-12 has proven to be a reliable producer for us, delivering premium oil at zero water cut from the Niagaran reef structure and resulting in a steady stream of revenue," noted Herold Ribsskog, CEO of AED. "The knowledge and experience gained from this well has been a good base upon which to plan future sites."

AED management recently visited the site for a prospective third well in the Dansville Prospect, which now has been surveyed, bonded and permitted. However, in light of the recent experience with salt plugging in the second Dansville well, all technical analysis of the available geological data is being re-evaluated, with special focus on salt formations and properties.

The company is also in the final stages of completing the definitive agreements for its White-tail Prospect located on approximately 4,200 acres in the prolific Northern Michigan, where five possible reefs have been identified from an earlier survey. A new, 3-D high resolution seismic survey, to further define the structures and pinpoint drill targets will be required. Analysis of the survey is estimated to take one to two months before a conclusion is reached and recommendations are made.

"We are using the most advanced technology and geological applications at our disposal, so we are confident we can unlock the potential in this White-tail asset," Ribsskog said.

The company's 24,700 acre Windsor Prospect in the United Kingdom is also currently advancing through its four point plan with a target to commence the drilling phase by year-end. The plan is outlined as follows:

1. Conduct full feasibility and environmental studies;
2. Determine an initial drill location using geological and geophysical tools per the study results;
3. Submit documentation for the drilling permit to the Department of Energy and Climate Control; and
4. Tender for drilling and auxiliary services.

About American Energy Development Corp.

American Energy Development is an independent US energy company, committed to creating American energy independence through the development of acreage in established oil and gas basins. Using the latest geological, geophysical, and environmental technology, the Company's goal is to locate, drill, and produce oil and gas in the United States and secure regions. American Energy Development's focus is on the development of Niagaran oil reefs in Michigan and the underexplored onshore basins in the United Kingdom. To learn more about American Energy Development Corp., call (855) OIL-AEDC, email ir@aed-corp.com, or go to www.aed-corp.com.

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks associated with drilling and production programs resulting from geological, technical, drilling, seismic and other unforeseen problems; unexpected results of exploration and development drilling and related activities; continued availability of capital and financing; increases in operating costs; risks associated with oil and gas operations in general; availability of skilled personnel; unpredictable weather conditions; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only reserves that comply with the definitions presented at Rule 4-10(a) of Regulation S-X. We use certain terms in this press release that the SEC's guidelines strictly prohibit us from including in filings with the SEC. Examples of such disclosures would be statements regarding "probable," "possible," or "recoverable" "reserves" and "resources" among others. U.S. Investors are urged to consider closely the disclosure in our Annual Report on Form 10-K and Form S-1, File No. 333-169014, available from us at American Energy Development Corp., 1230 Avenue of the Americas, 7th Floor, New York, NY 10020.