American Eagle Energy Upgrades Market Listing

LITTLETON, Colo., July 26, 2012 /PRNewswire/ -- American Eagle Energy Corporation (OTCBB: AMZG; "American Eagle") is pleased to announce that, effective immediately, its common shares will be quoted on the OTCQX, the highest tier of the OTC marketplace platform, operated by OTC Markets Group Inc.  Previously, the Company's shares were quoted on the OTCQB platform.  In addition to providing greater visibility to American Eagle's stock, the move to the OTCQX platform will provide investors with easier access to current financial disclosure, as well as more transparent trading information via real-time Level-2 quote data, available on the www.otcmarkets.com website. 

"We are pleased to be moving our stock to the OTCQX," stated Brad Colby, American Eagle's President.  "The OTCQX not only empowers our investors to make more informed decisions, but also elevates the status of our stock to a premier OTC tier of service."  

C.K. Cooper & Company will serve as American Eagle's Designated Advisor for Disclosure on the OTCQX and will provide guidance to the Company with respect to OTCQX compliance matters. 

About American Eagle Energy Corporation:

American Eagle Energy Corporation is an oil and gas company engaged in the exploration of petroleum and natural gas.  The Company was incorporated in Nevada on July 25, 2003 for the purpose of acquiring, exploring, and developing natural resource properties located in North America.  The Company specializes in exploiting unconventional resource plays within the Bakken and Three Forks formations.  Prior to December 1, 2011, the Company operated under the name Eternal Energy Corp.  The Company changed its name to American Eagle Energy Corporation in December 2011 upon the completion of its acquisition of American Eagle Energy Inc., another oil and gas company engaged in a similar business with which the Company shared certain properties and prospects.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements.  Certain information included in this press release contains statements that are forward-looking, such as statements relating to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, potential contracts, and/or aspects of litigation.  Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of American Eagle Energy Corporation.

These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions.  Persons are encouraged to read American Eagle Energy Corporation's Annual Report on Form 10-K for the year ended December 31, 2011, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2012, all as filed with the Securities and Exchange Commission for meaningful cautionary language in respect of forward-looking statements in this press release.  Interested persons are able to obtain free copies of filings containing information about the Company at the SEC's internet site (http://www.sec.gov).  American Eagle Energy Corporation does not assume any obligation to update any of these forward-looking statements.

SOURCE American Eagle Energy Corporation

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