NAEY UP OVER 43% TO .51 IN LAST 2 DAYS WITH OIL ACQUISITION COMPLETION NEWS

North American Energy Resources, Inc. Completes Acquisition of Oil and Gas
Producing Mineral Acres in Washington County,

Oklahoma

AUSTIN, Texas, Aug. 11, 2009 (GLOBE NEWSWIRE) -- North American Energy
Resources, Inc. (OTCBB:NAEY) announced today that it

has completed the acquisition of 37 oil and gas producing mineral acres in
Washington County, Oklahoma, for which it had

entered into a letter of intent last month. The Company issued 175,000 shares of
its common stock for the acquisition.

Currently, there are three oil-producing wells producing from two separate zones
and one producing gas well.

"Based on the current wells' production, we believe there are still significant
reserves of oil in what was once thought to

be only coal bed methane gas areas," stated Ross Silvey, President of North
American Energy Resources, Inc. "Over the next

few months, we will be working to quantify the total oil reserves."

About North American Energy Resources, Inc.North American Energy Resources, Inc.
is an oil and gas development company

focused on building a diversified portfolio of valuable oil and gas assets in
the United States. The company's primary goal

is to identify, acquire and develop natural gas and oil properties that are
relatively close to NAEY's Apwash pipeline in

Washington County, Oklahoma. For more information, visit our website
www.naeyinc.com.

Safe Harbor: Statements regarding financial matters in this press release other
than historical facts are "forward-looking

statements" within the meaning of Section 27A of the Securities Act of 1933,
Section 21E of the Securities Exchange Act of

1934, and as that term is defined in the Private Securities Litigation Reform
Act of 1995. The Company intends that such

statements about the Company's future expectations, including future revenues
and earnings, technology efficacy and all other

forward-looking statements be subject to the Safe Harbors created thereby. The
Company is a development stage firm that

continues to be dependent upon outside capital to sustain its existence. Since
these statements (future operational results

and sales) involve risks and uncertainties and are subject to change at any
time, the Company's actual results may differ

materially from expected results.

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