Alaska Pacific Energy Corp. Appoints Chang Lee LLP as New Independent Auditors

CARLSBAD, Calif., Sept. 3 /PRNewswire/ -- Alaska Pacific Energy Corp. (OTC Bulletin Board: ASKE), a publicly traded oil and gas exploration and technology company, today announced that its Board of Directors has appointed Chang Lee LLP Chartered Accountants, as the Company's new independent auditor to replace Chisholm, Bierwolf, Nilson & Morrill LLC effective immediately.  

The Company's decision to change auditors was not due to any disagreement between the Company and its former auditor on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

"We are pleased to announce the appointment of Chang Lee LLP as our new auditors," said Jim King, Sr., Chairman and President of Alaska Pacific Energy Corp. "We have been working with one of the firm's partners, Mr. Yang H. Chang CA, CPA to audit the financials of Entec, as part of our due diligence, and are very impressed with his firm's work thus far."

Chang Lee LLP is a full service firm of Chartered Accountants located in Vancouver, British Columbia that provides a broad range of services including audits and other assurance related services, tax and business advisory services, and accounting. Chang Lee LLP is registered with the Canadian Public Accountability Board (CPAB) and the Public Company Accountability Oversight Board (PCAOB) in the United States.

About Alaska Pacific Energy Corp.

Alaska Pacific Energy Corp. (APEC) is an emerging company that is pursuing the acquisition, exploration, and development of opportunities within the Alberta Oil Sands along with complimentary conventional (described as typical rock formations targeted as suitable for oil and gas recovery) and non-conventional (described as rock formations historically difficult for oil and gas recovery i.e. shales and other 'tight' formations) oil and gas properties in North America. Founded in 2005, APEC is a public company listed on the OTC Bulletin Board in the USA (OTCBB ASKE). For more information, visit http://alaskapacificenergy.com/.

Forward-Looking Statements

Statements, which are not historical facts, are forward-looking statements. The Company, through its management makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors which could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.

SOURCE Alaska Pacific Energy Corp.