Fortbridge Media Release

AusAmerican Mining [ASX: AIW] - Quarterly Activities Report, June 2011

Australian-American Mining Corporation (ASX: AIW) reports on activities occurred in the last quarter ended 30 June 2011.

HIGHLIGHTS:

� Drilling commenced at the Rio Puerco uranium project in New Mexico.
� Permits for drilling received for the Lone Star uranium joint venture in Texas; drilling to commence this quarter.
� Drilling completed at La Paz Rare Earth Element project and Rare Earth Element metallurgical scoping study underway with results due in September.
� Initial results from drilling program at San Marcos gold project in Arizona highly encouraging. Results from 4 holes assayed to date show mineralisation in all of the holes including Holes SM01A and SM01B in which continuous mineralisation was found in the range between 0.01 g/t - 0.3 g/t. Intercepts in Holes SM10A and SM10B included 13.5 metres @ 2.25 g/t, including 1.5 metres at 8.94 g/t, and 10 metres at @ 1.88 g/t, including 1.5 meters at 4.23 g/t.
� Application for the Toronto Stock Exchange Venture Exchange (TSX_V) listing lodged.

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