New America Energy is Pleased to Provide the Following Updates to Shareholders

LAS VEGAS, Dec. 15, 2011 /PRNewswire/ -- New America Energy Corp. (OTCBB: NECA) has completed its annual audit and has filed its Form 10-K for the year ended August 31, 2011. Within the 10-K filing, there are a number of updates on the financial status of the company as well as a discussion of the initiatives that NECA is currently working on.

In a statement from New America Energy Corp President Rick Walchuk stated, "The 10-K annual filing of our financials and the accompanying discussion is an important way for an exploration stage company like ours to update shareholders on our progress and activities."

A link to the filings can be found on the Company's website. http://www.newamericaenergycorp.com/investors

The company also wanted to share recent industry news with shareholders.

On Dec 5th Talison Lithium TSX:TLH announced a 15% price increase for its first contracts for the calendar year 2012. The price increase by Talison Lithium follows in the steps of price increases of 20% announced earlier in 2011 by Chemetall Foote, the lithium subsidiary of Rockwood Holdings.

On Dec 6th, 2011, Reuters reported on a global survey of company executives by PricewaterhouseCoopers. The story titled "Mineral, metal scarcity seen worsening" listed 14 materials as "critical", including lithium, used in wind turbines and batteries for hybrid cars. The Reuters article went on to state "The survey of 69 executives across seven sectors,  found that European companies were most concerned about a shortage, with 71 percent of respondents seeing scarcity as a risk, compared with 53 percent in Asia Pacific and 50 percent in the Americas Those in the renewable energy, automotive, energy and utilities sectors said they currently faced supply instability, while those in the aviation, high-tech and infrastructure sectors expected increasing disruption of supply by 2016."

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". 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.