New America Energy Corp. Signs $1Million Equity Financing Agreement With Asian Investment Group

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Nov 28, 2011, 09:00 ET

LAS VEGAS, Nov. 28, 2011 /PRNewswire/ -- New America Energy Corp. (OTC QB: NECA) is pleased to announce that it has entered into an equity financing agreement with a China-based investor for up to $1,000,000.

Mr. Rick Walchuk, President of New America Energy Corp., stated, "This investment is an indication of confidence in our projects and the Company. Now that we have entered into this equity financing agreement we are in a position to fund the implementation of our exploration program."

The funds raised will be allocated primarily for the exploration and development of the Company's lithium brine prospects located in Nevada. The Company announced on November 16^th that it anticipates the start of a gravity survey on its Clayton Ridge prospect imminently.

The Clayton Ridge (CR) claims are strategically located adjacent to the Clayton Valley playa, on the southern extension of the Clayton Ridge Trough approximately 5 miles southeast of the Chemetall Foote lithium deposit. The Clayton Ridge Trough as been defined by several gravity geophysical surveys and is considered to be a major conduit for the lithium brines that have been leached from the lithium enriched Montezuma Peak rhyolitic tuffs and the lithium enriched waters of Alkali Hot Spring.

The Company's Mud Lake lithium project property is located nine miles southwest of Tonopah Nevada in the Ralston Valley. The Mud Lake property consists of twenty placer claims covering approximately 3200 acres in Nye County and is readily accessible year round. The Ralston basin, which contains Mud Lake, appears to have similar geological features that provided both a source and trap for lithium brines found in Clayton Valley which is located 29 miles west from the property.

Under the terms of the agreement, New America Energy Corp. has the right to call upon funds for up to $1,000,000 by issuing shares of its common stock. The securities to be issued under the agreement have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent a registration or an applicable exemption from the registration.

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

Investor Relations Toll Free 1-855-391-2615

Website www.newamericaenergycorp.com

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SOURCE New America Energy Corp.