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AAA Energy Inc.: AAA Energy Looks to Cash in on China's External Trade of $2,174 Billion

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^{Published in Business and Finance on Monday, December 8th 2008 at 8:50 GMT by Market Wire}  

GUANGZHOU, CHINA--(Marketwire - December 8, 2008) - AAA Energy Inc. (OTCBB: [ AAAE ]) (FRANKFURT: AAV) (WKN A0MUFJ) hereby provides its shareholders a corporate update on its current and intended business activities for the coming 12 months.

Company management is undertaking a review of its current portfolio of China-based mineral resource prospects with a view to streamlining its current business activities in that sector given the turmoil and volatility surrounding the overall financial markets and its impact on the junior mineral resource sector. In particular, the Company will make a decision on possibly suspending activities underlying its earn-in agreement with Guangdong Da Hua Mining Enterprise Limited to earn-in up to a 75% equity interest in the Lechang Shanmudong Mine, a brownfields molybdenum-rich exploration concession area of 9.31 square kilometers and which has undergone relatively significant artisan mining on over 20 exposed high-grade veins.

Notwithstanding, the Company is pleased to announce a strategic shift in business direction and operations. The Company will henceforth expand its operational emphasis to concentrate on the import-export trade sector while maintaining focus of its endeavors to pursue those opportunities presented within the Chinese marketplace. In anticipation of this new direction, management is contemplating, upon completion of certain agreements and conditions, to move ahead under a new company name which will best reflect the Company's new direction. Management is utilizing this transition period in order to quickly develop a new business plan and to rapidly acquire the expertise needed to successfully capitalize on the revised business model.

In 2007, China's total external trade reached US$2,174 billion, ranked third in the global economy. In 2007, exports grew by 25.7% to US$1,218 billion (ranked second in the world) while imports increased by 20.8% to US$956 billion (ranked third in the world), resulting in a trade surplus of US$262.2 billion. In September 2008, exports grew by 21.5% while imports increased by 21.3%. In the first nine months of 2008, exports grew by 22.2% and imports increased by 29%.

With the continued opening up of China's manufacturing, distribution and retail sectors to foreign participation, China's economy has reached a critical mass for explosive growth and fundamental changes. In the future, China will not only represent a sourcing hub but also a huge consumer market to tap into. As the linkage is shaped between the large domestic market and the global economy, China will become a major manufacturing powerhouse as well as one of the world's largest consumer markets. AAA Energy plans to benefit from China's ever-growing consumer market, rising manufacturing standard and improving logistics infrastructure to optimize the country's supply-chain capability.

"I am enthusiastic about the Company's evolution into a full-spectrum China trader," said President Siu Man Kwan. "It is my belief that AAA Energy is poised to take advantage of numerous export trading, sourcing and distribution opportunities in the coming year."

Further Information

Please feel free to call Investor Relations in North America at 1 516 659 6677.

About AAA Energy Inc.

AAA Energy Inc. is a publicly traded mineral and natural resource exploration company with its head office located in China. AAA Energy Inc. aims to secure and develop a portfolio of high quality resource properties globally and is currently expanding its China focus to encompass international trade and commerce. AAA Energy Inc. trades on the NASDAQ OTC BB under the ticker symbol: AAAE.

On behalf of the Board

Siu Man Kwan, President

Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's belief that AAA Energy Inc. can identify and successfully negotiate leases for natural and mineral resource properties in China and elsewhere, and that the Company can participate in the exploration of these resource properties. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission.