American Energy Fields, Inc. (OTCBB: AEFI)

• Company Website: http://www.americanenergyfields.com
• Link Here: 43-101 Technical Report for Artillery Peak with 2.8 M Pounds Uranium Indicated

American Energy Fields, Inc. (OTCBB: AEFI) is a development company with a focus in the production of Uranium.

American Energy Fields represents the Next Generation in U.S. Uranium

American Energy Fields, Inc. (OTCBB:AEFI), formerly Sienna Resources, Inc. is a uranium exploration and development company based in Arizona. Their focus is uranium deposits in the United States. The Company’s three main projects (in which they have sole interest) are the Coso and Blythe projects in California, and Artillery Peak project in Arizona. All three properties have been previously explored and developed, and are currently in early exploration stages.

• U.S. based company committed to the near term production of low cost U.S. Uranium
• Corporate leadership is reinforced by 4 generations of Uranium mining and mineral exploration experience
• AEFI will be a domestic source of Uranium, fueling clean power nuclear generators — No greenhouse gases, no CO2 emissions and no reliance on foreign supply
• Uranium prices are trending upwards as global demand for clean energy rises
• Worldwide there are over 440 nuclear reactors online with an additional 500 reactors in various stages of development — Over 100% increase in nuclear power plants needing Uranium

AEFI Uranium Projects

The Company has identified several high value targets for acquisition with significant potential for uranium production. These high value uranium targets are the initial focus of the Company’s plan of development and growth. AEFI has an incredible opportunity to locate and acquire uranium projects at a deflated cost. The United States has significant natural resource reserves waiting to be brought to the market place, and with AEFI’s focus and the execution of its business plan, it aims to be at the forefront of that endeavor.

• Coso – Inyo County, CA
• Connors – Slope County, ND
• Artillery Peak – Mohave County, AZ
• Blythe – Riverside County, CA
• Sky – Gila County, AZ
• Arizona Strip – Mohave County, AZ
  

Artillery Peak Project – Mohave County, Arizona

Technical Report Shows 2.8 Million Pounds of Uranium Indicated Here

• The property consists of 86 lode mining claims totalling 1,777 acres of federal land and is located 112 miles northwest of Phoenix, Arizona;
• The property had significant exploration, over 400 holes drilled, conducted by: Jacquays Mining, Homestake Mining, Hecla Mining, Getty Oil, Public Service Company of Oklahoma and Santa Fe Mining between the 1950′s-1970′s;
• A 1979 report by Central and South West Fuels Inc, found that the northern portion of the property contains a historical resource of 1.7 million pounds U3O8 with an average grade of 0.113%;
• Recently, 2007/2008, new exploration was conducted which included 34 additional holes drilled to verify historic drilling and further delineate mineralization;
• Artillery Peak is located within 15 miles of the well known Anderson Mine. The Anderson mine had limited production in the 1950′s but continued exploration has identified a historic resource of 50-100 million pounds of uranium and 80 million pounds of vanadium.
• In 1979, the Department of Energy conducted an evaluation of the Date Creek Basin and the Artillery Mountains. Based upon a DOE drill program and information from industry drilling throughout the area, it was estimated that the area could contain as much as 1,260,000,000 of U2O8.

The Artillery Peak property consists of 1,777 acres of Federal land and is located 112 miles Northeast of Phoenix, Arizona. AEFI’s historic records indicate 1.7 million pounds of uranium was previously identified through exploration on Artillery Peak. There has been significant exploration work completed on the property, including over 400 holes drilled by Jacquays Mining, Homestake Mining, Hecla Mining, Getty Oil, Public Service Company of Oklahoma, and Santa Fe Mining between the 1950s-1970s. A 1979 report by Central and South West Fuels Inc found that the northern portion of the property contains a historical resource of 1.7 million pounds U3O8 with an average grade of 0.113%. In 2007/2008 new exploration was conducted which included 34 additional drill holes to verify historic drilling and further delineate mineralization. In 1979, the Department of Energy conducted an evaluation of the Date Creek Basin and the Artillery Mountains where they estimated that the area could contain as much as 1,260,000,000 pounds of U3O8. The Company will begin a preliminary exploration program to verify the historic data reported by Central and South West Fuels Inc.

Link Here: 43-101 Technical Report for Artillery Peak with 2.8 Million Pounds of Uranium Inicated

Coso Project – Inyo County, California

Coso – Uranium, Inyo County, California

• Over $20 Million spent developing project
• Completed technical report for project
• AEF holds exploration permit from State of California for the COSO State leases
• 189 Federal lode mining claims totaling over 3700 acres and 2 State leases totaling 838 acres.
• Up to 5.5 million pounds of reserves at an average grade of 0.07% U3O8 (not 43-101 verified)
• Excellent potential of at least doubling the ore reserves
• Engineered pit design containing 3.6 million pounds U3O8
• Project is amenable to leach with a 90% average recovery

The Coso project covers 169 Federal mining claims and 800 state-owned acres and was previously developed by Western Nuclear, Pioneer Resources, Federal Resources, and Union Pacific Mining/Rocky Mountain Energy. An estimated U.S. $20,000,000.00 was spent on exploration and development of the project, including an engineered pit design, where exploration records indicate 5.5 million lbs. of uranium was identified with an average grade of 0.07 U3O8. American Energy Fields, Inc. Recently received its exploration permit for the 800 state owned acres from the California Land Department and is currently developing an exploration plan to confirm the historic data with the goal of moving the project towards production.

Blythe Project – Riverside County, California

• 212 Federal lode mining claims totaling over 4200 acres.
• 3 historic mine sites (Safranek, McCoy Wash, Little Ore Hill), 2 having past production (Safranek & McCoy Wash).
• Safranek site has 100 tons of 0.40% U3O8 & 4000 tons of 0.30% U3O8 stockpiled ore.
• Safranek site contains 153,000 pounds U3O8 proven and 2.0 million pounds U3O8 potential.
• 1970′s 10,000 ft of drilling conducted with assay results as high as 6.23% U3O8.
• McCoy Wash site has 3000 tons of ore stockpiled with a grade of 0.20% U3O8.

The Blythe project consists of 66 Federal mining claims in Riverside County, California covering 3 historic mines, the Safranek, the McCoy Wash, and the Little Ore Hill operated by Humbug Mining and Bokum Corporation. According to Bokum’s records during the years of 1963 to 1964, the Safranek Mine produced and shipped 1,400 tons of uranium ore averaging 0.80% U308 to the VCA mill in Salt Lake City, Utah for processing. These records also indicate the Safranek site currently contains 100 tons at 0.40% U3O8 and 4,000 tons at 0.30% U3O8 of stockpiled ore, while the McCoy Wash has 3,000 tons of stockpiled ore with a grade of 0.20% U3O8. Bokum Corporation drilled the property in the early 1970s and the results indicated approximately 153,000 lbs of U3O8 while outlining a further potential for an additional 2,000,000 lbs of U3O8. American Energy Fields, Inc. aims to identify, expand, and develop the ore body with the goal of putting the past producing mines back into production.

Connors- Slope County, North Dakota

• 1,026 acre Uranium project is leased from private owners
• Deposits at Connors are shallow formations and more readily recovered
• Similar, existing sandstone In-Situ Recovery projects have reserves and resources exceeding 103 million lbs U3O8.
• The largest is in excess of 40 million lbs U3O8
• Uranium Mineralization delineated by 250 historic drill holes
• Project has both Open Pit and In-Situ Recovery potential
• Historic reports estimate 8 million pounds U3O8

Arizona Strip – Mohave, Arizona

• USGS reports state that the “potential undiscovered Uranium reserves of Arizona Strip as 42% of the total U.S. potential.”
• Historically defined reserves and resources of 27 million pounds U3O8 in 15 breccia pipes (1.8 million lbs Uranium per pipe)
• From 1980 to 1990, Energy Fuels Nuclear produced 19 million lbs of U3O8 from 7 breccia pipes
• Breccia Pipes are high grade Uranium deposits typically above .60 to 1.0%
• Potential for Low-Cost production with high yield and high profit margins

Current Financing

• $2 – 10 million in financing through European American Equities, units consisting of one share of common stock and one warrant of an additional share of common stock
• AEFI Management, including Joshua Bleak (President) will purchase $100,000 worth of units
• Persons associated with European American Equities own 1 million shares that were purchased at a price lower than the offering price

Option Agreement for the Purchase of Prospect Uranium, Inc.

An option agreement for the purchase of Prospect Uranium, Inc., a private Nevada corporation and a subsidiary of Tonogold Resources, Inc. (Pink Sheets: TNGL) has been entered into and announced mid-December 2010. The agreement gives AEFI a six-month exclusive option to purchase all of the issued and outstanding common shares of Prospect Uranium in exchange for an aggregate of 4 million common shares of AEFI, pending satisfactory completion of due diligence reviews by AEFI and Prospect and other customary conditions to closing. AEFI paid $15,000 for the option. The Board of Directors of Prospect Uranium and shareholders holding a majority of the outstanding shares of Prospect Uranium voting securities have already approved the transaction.

Lease in Arizona – North Anderson Uranium Project

Date Creek Basin was leased by the North Anderson Uranium Project from the Arizona State Land Department. The lease is accompanied with an exploration permit which will allow the Company to begin its exploration plans to identify the acreage’s uranium potential. The lease and exploration permit covers 640 acres of State land.

In order to fully evaluate the uranium potential of the North Anderson, the Company plans a reverse circulation (RC) drill program and accompanying down-hole radiometric geophysical probe program. The geologic and structural environment and previous identification of radioactive anomalies indicate that the area is favorable for uranium mineralization.

Uranium Value Play

• Developing nations require more electricity to power industry and to meet the needs of its people
• Global sentiment about nuclear power is growing in favor
• Developed countries worldwide have embraced nuclear as a clean, reliable source of inexpensive energy
• Oil producing Arab nations have plans to build nuclear plants as opposed to using their own oil to power electrical plants
• “Megatons to Megawatts” program ends in 2013 with Russia stating that they will not renew their participation in the non-proliferation program
• Nuclear power plants emit no greenhouse gases to produce 1 million Kw hours of electricity, compared with 996 metric tons from a coal-fired plant, 809 metric tons from an oil-fired plant, 476 metric tons from a natural gas-fired plant
• Russia plans to double its nuclear capacity
• Japan and South Korea have plans for or have placed orders for almost 30 new nuclear plants
• India and China plan to increase their number of nuclear generators by 50+ in the next 20 years
• China has plans for a “Nuclear City” on the Yangtze Delta. Along with existing and new power plants, equipment manufacturers producing generator components, nuclear science and nuclear training facilities are planned. Education and promotion of the nuclear industry will be emphasized

Why Uranium?

• Over 440 nuclear reactors producing energy globally, with no greenhouse gases or CO2 emissions
• 104 U.S. reactors currently provide 20% of power
• Globally there are over 500 reactors in various stages of planning and production
• China and India alone plan to build 50+ reactors by 2020
• As countries develop, the national energy output must meet industrial and individual demand
• Domestically available
• U3O8 prices up 20% since beginning of 2010

National Uranium Project Priority and Focus

“To create more of these clean energy jobs, we need more production, more eciency, more incentives. And that means building a new generation of safe, clean nuclear power plants in this country… Providing incentives for energy – eciency and clean energy are the right thing to do for our future, because the nation that leads the clean energy economy will be the nation that leads the
global economy. And America must be that nation.”— Barack Obama, President of the United States of America

Directors and Management

American Energy Fields’ corporate strength lies in its management’s experience in the finance and natural resource sectors. AEFI has one of the most prolific mining databases for energy related projects within the United States. With this database, AEFI will target and acquire projects with previous production and/or exploration and work towards fully developing those projects to drive revenues and build core reserves.

Joshua Bleak: CEO, President, Director

• Experienced in mining and mineral exploration
• President of North American Environmental Corp, a consulting company specializing in project management, permitting, lobbying and land tenure
• Recently managed a broad range of mining exploration projects throughout North America
• Four generations of Uranium mining and mineral exploration experience to draw from

David Lieberman: CFO

• CPA with 40 years of financial and operational experience
• CFO and Director of Datascension, an outsourcing solution provider with over 1500 employees globally
• Extensive experience with both public and private companies
• B.B.A. in Business, University of Cincinnati

Daniel Bleak: Director

• Over 30 years experience in mineral exploration, real estate development
• Director of Southwest Exploration since 2009
• President/Director of Pinal Realty Investments since 2006
• President/Director of NPX Metals, Inc. since 2006
• President/Director of Black Mountain Mining Company since 2000

Roy Fuller: Secretary, General Counsel

• Natural resources and environmental attorney with focus on mining law
• Ryley, Carlock & Applewhite, Phoenix, Arizona, Associate Attorney, 2006-2009
• Diverse group of clients including mining companies ranging from Fortune 150 to upstart, alternative energy developers
• U.S. Department of the Interior, Office of the Solicitor, Salt Lake City, Utah, Legal Intern, 2004

Bill Allred: Director, CPA, Auditing Committee

• Former Deputy Auditor General for Arizona
• Audit Manager for Arthur Young & Co. (now Ernst & Young)
• 50 years experience as a CPA and CFO for numerous public mining and exploration companies
• Developed internal control policies and accounting systems relating to Sarbanes-Oxley Compliance

TECHNICAL TEAM

Clive Bailey: Senior Geologist

• Registered Certified Professional Geologist with over 35 years experience
• Supervised in excess of 800,000 feet of Uranium/Vanadium exploratory drilling for General Electric and Cotter Corp.
• Underground mine Geologist for Arizona Strip breccias pipes Uranium project
• Experience as geologist and project manager for various projects in South America, China and the U.S.
• Instrumental in obtaining Aquifer Protection Permit for Johnson Camp Mine in Cochise County, AZ.

Dr. Karen Wenrich: Geologist, Advisory Board

• Nobel Peace Prize recipient for work with the International Atomic Energy Agency (IAEA) , focusing on the areas of Uranium production cycles, supply and demand, economic aspects of exploration among others
• 40 years expertise in Uranium exploration in the U.S. including as a consultant for 43-101 preparation, prospect generation
• Authored over 145 publications on Uranium, Geology and Environmental matters
• 23 years as Research Geologist for the United States Geological Survey (USGS) studying Uranium based ore deposits in Arizona, New Mexico, the Great Basin, Colorado, Mexico, China and Australia

Joe Wilkins: Geologist, Advisory Board

• Professional Geologist for 42 years
• Conducted Exploration Programs in USA, Canada, Chile, Peru, China
• Identified and Drilled America Mine, 400,000+ Oz AU deposit
• M.S. in Geosciences from University of Arizona.
• B.S. in Geophysics, Geochemistry, honors in geology

Allen Wells: Mining Engineer, Advisory Board

• Over 18 years as a Mining Engineer, Project Manager and Construction consultant
• Masters of Engineering in Mining from University of Arizona
• Masters of Business Administration University of Arizona
• Bachelor of Science in Civil Engineering University of Phoenix
• Senior Mine Engineer Phelps Dodge Mining Company 2003-2005
• Mine Operations Manager Nord Resources Corp 2007-2009
• Various projects with the Army Corp of Engineers

American Energy Fields, Inc.

3266 W. Galveston Drive # 101
Apache Junction, AZ , 95120
Website: http://www.americanenergyfields.com
Phone: 480-288-6530

Link Here: 43-101 Technical Report for Artillery Peak with 2.8 Million Pounds of Uranium Indicated

Forward Looking Statement: This Presentation Contains forward-looking statements within the meaning of Section 27 A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the business of the Company and its industry generally, business strategy and prospects. These statements are based on our estimates, projections, beliefs and assumptions and are not guarantees of future performance. We caution that these statements any of which are beyond our control, and that actual results may dier materially from those expressed in forward -looking statements. The Company undertakes no duty to update these forward-looking statements except as required by law.

AEFI Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract on January 5, 2011. The Company has agreed to compensate us six thousand five hundred dollars for coverage. We have taken no free trading shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. We hold only restricted shares and will not register or sell these shares at anytime during the promotional period. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.