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Alaska Pacific Completes Negotiations to Purchase Gold Property in Tanzania

December 20th, 2010

Alaska Pacific Energy "APEC" (OTCBB: ASKE) is pleased to announce that APEC has now completed negotiations to acquire a gold property in Tanzania for the purpose of further exploration and development. Final contracts are underway and the company expects the contract process to take several more days upon which time additional project details related to the transaction will be released along with contract specifics. The company looks forward to entering into this new business phase.