American Energy Development Provides Update on Brown 2-12 Production, With 898 Barrels of Crude Already Sold in April

NEW YORK, April 26, 2012 (GLOBE NEWSWIRE) -- American Energy Development Corp. (AED) (OTCBB:AEDC) is pleased to provide a report on production from the company's first well, Brown 2-12, located on the 1,343 acre Dansville Prospect in Southern Lower Michigan.

For the month of April, 898 barrels of crude oil have already been sold at a premium to WTI spot prices (currently $103). The well has continued to produce with zero water cut, and it is planned that a further load of 300 barrels of crude will be sold imminently.

The Brown-12 reef structure originally verified its potential in 1972 when the first well reported an initial production (IP) rate of 583 barrels of oil per day. AED's analysis of the data indicates that the well was drilled on the flank of a reef formation into a low porosity zone, which it believes hampered production rates and the amount of barrels recoverable.

During the drilling stage of the Brown 2-12, it was expected that 50-70ft of reef structure was to be encountered, however, analysis of the well data indicates a 201ft reef structure may have been encountered, significantly greater than expected. With data from seismic analysis, drilling and production, AED is awaiting the completion of an independent technical study on the well and reef structure. The study will form the basis for the development of the reef, which we believe will increase production further and maximize the recoverable reserves. Using analogue data from neighboring reef structures along with our own data from the structure and input from the operator, we believe that there could be up to 6-8 million barrels of oil in place in the reef structure.

Other reefs in the county, such as the Aurelius and Onondaga 10, contain over 7.5 million and 18 million barrels of oil in place respectively. Historical records of the Niagaran reef production in Michigan confirm more than 4,200 wells have been drilled targeting reef formations, producing a total of 472 million barrels of oil and 2.8 trillion cubic feet of natural gas, with development of reef trends led by major industry players, including Royal Dutch Shell, BP and ExxonMobil. According to a recent USGS report on the basin, the recoverable reserves are in excess of 1.8 billion barrels of oil and 17 trillion cubic feet of natural gas.

Herold Ribsskog, CEO of AED quoted, "The fact the well is producing without water is a very positive sign. It has been a steady producer for AED providing us with a significant stream of revenue, which we believe is impressive for AED as a young company. Our long term target is for the Dansville prospect to produce a total of 12,000 barrels per month, which will provide us with substantial cashflow and deliver value to our shareholders."

To receive further information about American Energy Development Corp., contact (855) OIL-AEDC or email ir@aed-corp.com.

About American Energy Development Corp

American Energy Development Corp. 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.

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; andother 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," "resources" and "oil in place" 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.