American Liberty Petroleum (OTCBB: OREO) Announces Foreland Refining's Crude Oil Purchase Contract

Northern, WI 4/25/12 (StreetBeat) -- American Liberty Petroleum Corp. (OTCBB:OREO) is pleased to announce that on April 19, 2012, Foreland Refining Corporation ("Foreland") signed an agreement to purchase all of the Company's crude oil production from the Gabbs Valley oil field in Nye County, Nevada. Foreland operates the Eagle Springs Refinery in Ely, Nevada, in neighboring White Pine County to the east. The refinery receives crude oil from Nevada's Railroad Valley and other oil wells to process into asphalt, diesel fuel and other petroleum products.

Foreland signed the crude oil purchase agreement with Independence Drilling LLC, the designated operator for a joint venture ("the JV") between American Liberty Petroleum, Cortez Exploration LLC and Desert Discoveries LLC. The JV was formed to acquire and develop oil and gas properties in Nevada with the aim of petroleum production.

According to the terms of the crude oil purchase agreement, Foreland will pay the "Big West Oil" Black Wax crude posting adjusted for gravity and B.S. & W. and less freight delivered to Foreland's Eagle Springs Refinery. Foreland will make its payments via wire transfer of funds on the 20th day of the month following the month of delivery.

American Liberty Petroleum's President, Alvaro Vollmers, commented: "We're fortunate to now have an agreement in place with a nearby refiner for the purchase of all subsequent production from our Gabbs Valley-based activities. Our next step is to maximize on the production potential of the Paradise 2-12 well while further exploring our other opportunities in the area.”

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

StreetBeat Disclaimer

Distributed by Viestly