subpage banner1

Image of Treaty Creek’s
West Nunutak in the foreground and
Seabridge Gold’s KSM-Iron Cap in the background

January 2, 2007

Raymond, Alberta, American Creek Resources Ltd. (TSX-V:AMK) (the “Corporation”) announces that it has closed a non-brokered private placement of 2,145,284 units of the Corporation (“Units”) at a price of $1.40 per Unit for gross proceeds of $3,003,400. Each Unit consisted of one flow-through common share of the Corporation (“FT Share”) and one transferable common share purchase warrant (a “Warrant”). Each Warrant may be exercised for one additional non flow-through common share of the Corporation (“Common Share”) at a price of $3.00 per Common Share until December 29, 2007.

The Units were sold to qualified purchasers resident in Alberta and Ontario in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The proceeds from the sale of the FT Shares will be used to incur Canadian Exploration Expenses on the Corporation’s mineral properties.

MineralFields Group subscribed for an aggregate of 1,785,714 Units (“MF Units”) totaling $2.5 million. In connection with the sale of Units to the MineralFields Group, the Corporation paid Limited Market Dealer Inc. (“LMDI”) a finder’s fee consisting of: (a) $75,000 cash (equal to 3% of the proceeds from the sale of the MF Units); and (b) non-transferable finder’s options (“Finder’s Options”) entitling LMDI to acquire up to 124,999 units of the Corporation (“Finder’s Units”) (equal to 7% of the MF Units) at a price of $1.40 per Finder’s Unit until December 27, 2007. Each Finder’s Unit consists of one Common Share and one Warrant. The Corporation also paid LMDI a due diligence fee of $106,000 (equal to 4% of the proceeds from the sale of the MF Units plus GST).
In connection with the sale of 15,000 Units, the Corporation paid Union Securities Limited the sum of $1,050 (equal to 5% of the gross proceeds).

The FT Shares and Warrants comprising the Units, the Common Shares and Warrants comprising the Finder’s Units, and the Common Shares issuable on exercise of the Warrants comprising the Units and the Finder’s Units are all subject to a restricted period which expires on April 30, 2007.

American Creek Resources Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold and silver deposits, with several projects in the Province of British Columbia, Canada.

About MineralFields Group
MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Information about MineralFields Group is available at www.mineralfields.com.
For further information please contact: Darren R. Blaney, Chief Operating Officer, Tel: (403) 752-4040; Fax: (403) 752-4020 or Email: This email address is being protected from spambots. You need JavaScript enabled to view it.. Information relating to the Corporation is available on its website at www.americancreek.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.