New America Energy Corp. Clayton Ridge Exploration Update

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Jan 24, 2012, 09:00 ET

LAS VEGAS, Jan. 24, 2012 /PRNewswire/ -- New America Energy Corp. (OTC: NECA) is pleased to announce the next phase of its exploration program on its Clayton Ridge Lithium Prospect near Clayton Valley, NV.

The first phase of the exploration program was a recently completed geophysical gravity survey. Interpretation of the modeled gravity data indicates a large topographic low, or basin, that is closed over a wide range of depths. These areas may be conducive for concentration of lithium bearing brines.

The second phase of the exploration program will consist of a controlled source audio magnetotellurics/magentotellurics (CSAMT/MT) survey. This survey determines if conductive zones, possibly indicative of lithium-bearing brines, are present and continuous within the basin. The Company has requested GeoXplor and Hasbrouck Geophysics to prepare a budget and work schedule for this program.

Mr. Rick Walchuk, President and CEO, comments, "I am excited to implement the next phase of our exploration program on the Clayton Ridge project, the Electro Magnetic geophysical survey is a tool to identify whether the basins have an electromagnetic conductor. The logical deduction is that the electromagnetic conductor is brine within the basin. With positive results from phase two exploration, we may stake additional ground and continue with phase three of the exploration which will include a drill program. The first step will be the budgeting and scheduling of the CSAMT/MT survey. As a company, we are committed to keeping our shareholders and supporters up to date as to our plans and progress."

FORWARD LOOKING STATEMENT

This announcement is not an offer to sell any New American Energy Corp. ("NECA") shares or related securities. Offers for any given security are made only through applicable offering circulars and related documents filed with the SEC pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934. Certain statements contained herein and subsequent oral statements made by and on behalf of NECA may contain "forward looking statements." Such forward looking statements are identified by words such as "intends," "anticipates," "believes," "expects," and "hopes" and includes, without limitation, statements regarding the resource potential of the Clayton Ridge property, the existence of a lithium brine on the property, the ability to stake more ground and continuing the exploration program. Forward-looking statements express our expectations or predictions of future events or results. They are not guarantees and are subject to many risks and uncertainties. There are a number of factors beyond our control that could cause actual events or results to be significantly different from those described in the forward-looking statements. Any or all of our forward-looking statements in this report or in any other public statements we make may turn out to be wrong. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise.

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SOURCE New America Energy Corp.