Alaska Pacific Energy (ASKE)

Alaska Pacific Energy Corp was incorporated in the State of Nevada in the year 2005. The company is considering an exploration or exploratory stage company as are involved in the examination and investigation of land that it believe may contain valuable minerals, for the purpose of discovering the presence of ore, if any, and its extent. There is no assurance that a commercially viable mineral deposit exists on any of its mining properties, and a great deal of further exploration will be required before a final evaluation as to the economic and legal feasibility for future exploration is determined. It has no known reserves of any type of mineral. The Company entered into an option agreement to acquire a total of 61 molybdenum mineral claims located in Whitton Township and Gayhurst Township, in the province of Quebec, Canada. Its primary focus with respect to its mineral claims is the exploration for molybdenum and if warranted, the development of a commercial molybdenum mining operation. n addition to mining claims in the Province of Quebec, Canada, the Company executed an Oil Sands Licensing Agreement, with Engineering Technology Inc (" Entec") on March 29, 2010. Entec is a private company incorporated in the Province of Alberta, Canada; and headquartered in Calgary Alberta. It has led the way in developing unique wellbore configurations for numerous specialty applications. Entec has been in the oil recovery business for some 25 years and are specialists in Horizontal Directional Drilling. The company does not own, either legally or beneficially, any patent or trademark.