AEDC American Energy Development Corporation (CE)

American Energy Development Corp. (OTCBB:AEDC) hereafter "AED", announced that the company has filed its Form 10-Q for the quarter ending December 31, 2011.

AED Q2 milestones & highlights include the following:

• Growth of AED's Board of Directors - AED added Kevin Goldrick to its Board of Directors, a veteran of the U.S. mining and Oil & Gas industry. Mr. Goldrick brings over 34 years of both business and technical expertise.  
• Initial Revenues Generated from Production - AED's inaugural oil shipment marked the beginning of AED's forward growth, and provides the foundation for its growing portfolio. As part of the commencement of the production test, production equipment was installed while permanent equipment undergoes construction calibrated to production test results.   
• $7.8M USD Equity Facility - AED entered into $7,800,000 financing agreement with institutional investor, Metage Special Emerging Market Energy Ltd. The financing agreement is structured in an equity format, and does not include any debt, or result in any debt obligations to AED. The financing should allow AED funding to continue its aggressive drilling, development and expansion program.

Herold Ribsskog, President of American Energy Development Corp., said, "AED achievements in the second quarter fiscal 2012 far exceeded our initial expectations. We are very pleased on the growth of AED to date and excited to enter the next phase of our growth."

About American Energy Development Corp.

American Energy Development Corp. is an independent US energy company, committed to creating American energy independence through the development of acreage in established oil and gas basins. Using the latest geological, geophysical, and environmental technology, the Company's goal is to locate, drill, and produce oil and gas in the United States and secure regions. American Energy Development's focus is on the development of Niagaran oil reefs in Michigan and the underexplored onshore basins in the United Kingdom.

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company's business; competitive factors in the market(s) in which the Company operates; risks associated with oil and gas operations inside and outside the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. 

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only reserves that comply with the definitions presented at Rule 4-10(a) of Regulation S-X. We use certain terms in this press release that the SEC's guidelines strictly prohibit us from including in filings with the SEC. Examples of such disclosures would be statements regarding "probable," "possible," or "recoverable" reserves among others. U.S. Investors are urged to consider closely the disclosure in our Annual Report on Form 10-K and Form S-1, File No. 333-169014, available from us at American Energy Development Corp., 1230 Avenue of the Americas, 7th Floor, New York, NY 10020.

CONTACT: American Energy Development Corp.
         Joel Felix, Chief Financial Officer
         1230 Avenue of the Americas, 7th Floor
         New York, NY 10020
         Phone: (855)645-2332
         Fax: (917)639-4000
         Web: www.aed-corp.com
         Email: ir@aed-corp.com