Americas Petrogas Inc. was formed on August 22, 2008, pursuant to an amalgamation of Valverde Capital Corp. and Americas Petrogas Inc. under the Business Corporations Act (Alberta). The Company is in the business of exploration, development and production of oil and gas properties in Argentina and exploration of near-surface potash, phosphates and other minerals and potential development of a fertilizer project in Peru. The Company is the operator of the LT-1 block, the LT-2, the LT-3 block and the LT-4 block. The four Los Toldos blocks are not adjacent but are in the same general vicinity of the Neuquen Basin. The Company competes for acquisitions of mining properties and competes in the exploration, development, production and marketing of natural resources with other industry participants. The Company's properties are subject to stringent laws and regulations governing environmental quality.