Tgmp Appoints New Ceo And Kick Starts The Pace Coal Project - Pennytobuck.com

American Power Corporation (OTCBB:TGMP) recently announced that it will proceed to

kick start the development of its advanced Pace Coal Project in Judith Basin County, Montana.

In April 2010, TGMP acquired roughly 29,000 acres, which make up the Pace Coal Project. In 1979 Mobil Oil Co. (now ExxonMobil) drilled 30 holes over 14,000 of the project's acreage, and delivered 45 samples which were later sent to an independent laboratory for analysis. It was subsequently determined that both the quality and the quantity of coal on the Pace acreage was high and significant, respectively.

Several independent reports were commissioned based on the development work undertaken by Mobil Oil, determining there could be in excess of 410 million tons of high volatility bituminous coal potential on the Pace acreage.

Montana's demonstrated reserve base of 119.1 billion short tons of coal represents over 24% of America's total demonstrated coal reserve base of 487.7 billion short tons.

TGMP has access to a large and experienced workforce in Great Falls, Montana, and the coal project may provide hundreds, if not thousands, of new, high-paying jobs for the local economy (according to the U.S. Bureau of Labor Statistics, the average annual wage in the mining industry in Montana was $70,779 in 2008, or 122 percent higher than the average wage in the state).

Substantial infrastructure is already in place adjacent to and within the acreage, including a federal highway, a BNSF railway line, pipeline, and power lines, all of which would facilitate the economic extraction and transportation of coal to market.

TGMP also announced that the Board appointed mining executive Mr. Al Valencia as President and Chief Executive Officer (CEO) on August 1st, 2010.

"With nearly 30,000 acres in Montana's Judith Basin County, we have significant holdings with high potential. Now we can move forward and build on the previous exploration work conducted by ExxonMobil in 1979 and the findings of several other reports on the property that indicate there is up to 410+ million tons of high volatile bituminous coal in place. That's a tremendous opportunity to be part of, and I'm looking forward to maximizing its potential." (All related studies are available for download in the Projects section of the Company website at www.americanpowerco.com) commented Mr. Valencia.

TGMP is a member of the Montana Mining Association, and holds approximately 29,000 acres in Judith Basin County, Montana. The estimated resources in place, based on exploration work conducted by Mobil Oil Co. (now ExxonMobil Corp.), and in several independent studies, range from 172 million up to 410+ million tons of high bituminous coal. All of the studies are available for download in the Projects section of TGMP website.

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by: Bill Pennyman

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