New America Energy Corp. Provides Update From Field On Clayton Ridge Gravity Survey

LAS VEGAS,  Nov. 30, 2011 /PRNewswire/ -- New America Energy Corp. (OTC: NECA) ("the Company") is pleased to announce positive progress for gravity surveying on its Clayton Ridge Lithium Prospect near Clayton Valley, NV.

The Company is pleased to report that the working conditions have been ideal with favorable weather and little wind. The field has reported extremely good preliminary data that has revealed what appears to be a pronounced basin profile of the CR claims encouraging the Company to add additional lines to the survey. The Company anticipates field completion in the next 7 days and a further 30 days for the interpretation and final report.

If results from the gravity surveys are deemed successful, it is expected that a controlled source audio magnetotellurics /magentotellurics (CAMT/MT) method would be recommended as the next step to define brine filled layers and bedrock within the basin.

The CR claims are well situated near the Clayton Valley playa, which is on the Clayton Ridge Trough's southern expansion, around 5 miles away from the southeastern part of the Chemetall Foote deposit. Many gravity geophysical surveys have outlined the Clayton Ridge Trough and it is considered as being an important medium for the lithium brines, having percolated from the Montezuma Peak rhyolitic tuffs and the Alkali Hot Spring waters.

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 such 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.