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

February 10, 2009                                                                                                  TSX-V: AMK

 

Raymond, Alberta… American Creek Resources Ltd. (the “Company”) reports that it recently became aware of potential liability related to unexpended flow-through funds raised in 2007.  Under the terms of its December 28, 2007 private placement financing of flow‑through shares, the Company was obligated to incur by December 31, 2008 $4,025,000 of qualifying Canadian exploration expenses for which renunciations have been made. Of this amount approximately $600,000 was expended by December 31, 2008 on such qualifying expenses.

 

The Company is currently working with its professional advisors to determine a reasonable estimate of the extent of the Company’s liability as a result of its failure to expend the full amount by December 31, 2008, as well as a claim against its former legal advisers for advice provided regarding the expenses. An estimate of the potential liability is not available presently as the liability will depend upon a number of factors including the personal tax situation of individual subscribers.

 

American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.

 

For further information please contact Kelvin Burton.  Phone: 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.