• 250% increase to JORC resource at Rio Puerco. Inferred resource is now 11.4 million pounds at 900 ppm (0.09%) using 300 ppm (0.03%) cut off
   
• Encouraging drill results recorded at Bernard gold project. Exploration to be accelerated with second phase drilling programme to commence in February 2010.
   
• Apex-Lowboy uranium project in Nevada USA enhanced. JORC compliant resource of 950,000 lbs confirmed and exploration target of 500,000 lbs of U₃O₈ outlined;
   
• Airborne radiometric and magnetic survey completed over Apache Basin project in Arizona USA by Vale Canada Exploration Inc.;

Australian American Mining Corporation NL is a uranium specialist company listed on the ASX and Frankfurt exchanges.  AusAmerican American Depository Receipts are listed for Over-The-Counter trading in the United States of America.

The company is focused on uranium projects in the USA although it does also have a very prospective gold project in Arizona called Bernard.

Australian American Mining Corporation NL has two 100% owned pre-development uranium projects in Nevada and New Mexico, USA. In addition, an agreement has been signed with Vale Exploration Canada Inc. (“Vale”) over a number of prospective uranium tenements in the Apache Basin of Arizona. Vale can earn up to 60% in the tenements by funding all exploration to the value of US$3.25M.