Arabian American Announces Investor Trip to AMAK Mine in February 2012

SUGAR LAND, Texas, Nov. 22, 2011 /PRNewswire/ -- Arabian American Development Co. (Nasdaq: ARSD) announced today that the Company is planning a trip to Saudi Arabia for investors to view the Al Masane Al Kobra (AMAK) mine in operation. During the trip, the Company will sponsor an investor reception and will provide flight accommodations from Jeddah to and from the mine. The AMAK mine is scheduled to become operational on November 28, 2011, when AMAK officially turns over operations to the surface facility operator, China National Geological & Mining Corporation.

The following provides a schedule of activities during the investor trip:

• Arrive in Jeddah on February 13, 2012
• Accommodations provided by the Company February 13 – 16, Jeddah, Saudi Arabia –
  • An investor reception sponsored by the Company will be held the evening of February 14, 2012
• Visit mine on February 15
  • Flight arrangements to and from the mine site will be provided by the Company on February 15 via Saudia Air
• Depart Jeddah on February 16, 2011

Interested institutional investors will be responsible for their airfare to Saudi Arabia and will need to confirm participation by 5:00PM CST, January 2, 2012. Please contact Cameron Donahue, Hayden IR, [email protected], 651-653-1854 for more information or to register.  Some limitations may apply.

Nick Carter, President and Chief Executive Officer, commented, "We look forward to sharing our excitement due to the mine's completion and commencement of operating activities with our investors on this trip.  AMAK's staff and Board of Directors continue to strive toward the goal of generating operating cash flows beginning in the first or second quarter of 2012."

About Arabian American Development Company (ARSD)

ARSD owns and operates a petrochemical facility located in southeast Texas just north of Beaumont which specializes in high purity petrochemical solvents and other solvent type manufacturing. The Company is also the original developer and now a 37% owner of Al-Masane Al-Kobra Mining Company (AMAK), a Saudi Arabian joint stock company which is in the final stages of development in Najran Province of southwestern Saudi Arabia. The mine is scheduled to be in production in early 2012 and will produce economic quantities of copper, zinc, gold, and silver.

Safe Harbor

Statements in this release that are not historical facts are forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon management's belief as well as assumptions made by and information currently available to management. Because such statements are based upon expectations as to future economic performance and are not statements of fact, actual results may differ from those projected. These risks, as well as others, are discussed in greater detail in Arabian American's filings with the Securities and Exchange Commission, including Arabian American's Annual Report on Form 10-K for the year ended December 31, 2010, and the Company's subsequent Quarterly Reports on Form 10-Q.

SOURCE Arabian American Development Co.