New America Energy Corp. Announces Completion of Initial Data Acquisition for Gravity Survey Clayton Ridge Lithium Brine Project

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Dec 07, 2011, 09:00 ET

LAS VEGAS, Dec. 7, 2011 /PRNewswire/ -- New America Energy Corp. (OTC:NECA; "New America Energy Corp." or "the Company") announced the completion of the initial data acquisition phase of the gravity survey on its Clayton Ridge Lithium Prospect near Clayton Valley, NV.

The survey team, led by GeoXplor Corp. and geophysicist Jim Hasbrouck, completed the field work stage on Dec. 6th, 2011. The data collected from the field work will be transferred to Hasbrouck Geophysics in Prescott, Arizona for analysis.

Rick Walchuk, President of New America Energy Corp. stated, "I am pleased to report the completion of the field work stage. As we previously reported, we had extremely positive preliminary data that has revealed what we believe to be a pronounced basin profile. We anticipate receiving a detailed report from Hasbrouck Geophysics within the next three to four weeks. This information will help determine the depth of the basin and locate potential targets for the next step in our exploration program for the area."

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 and the anticipated exploration results of the gravity survey on the property. 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.