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VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2010) - Ameriplas Holdings Ltd. (the "Company") (TSX VENTURE:AHL) advises that, further to its news release of April 12, 2010 announcing the proposed sale (the "Proposed Disposition") of its wholly-owned subsidiary, Ameriplas International Inc. ("International"), it wishes to clarify the purchasers of International will be Francois Fournier, Andre Lussier and Clement Lussier, each of whom are current directors (the "Directors") of the Company. As consideration for International, the Directors will pay to the Company the sum of $1.00 and take assignment of and assume the obligation to pay current and long term liabilities of the Company in the aggregate amount of approximately $1,879,798.

Immediately following the completion of the sale of International to the Directors, the Company will have liabilities of approximately $144,390 and no assets, and the current directors and officers of the Company, other than Kenneth Morgan, will resign. It is anticipated that Raymond Fast and Marc Blythe will be appointed by Mr. Morgan as directors of the Company and Aurora Catibog will be appointed as the Chief Financial Officer of the Company.

In addition, Mr. Morgan will purchase from the Directors an aggregate of 14,878,653 common shares (the "Shares") of the Company, which represents approximately 59% of the issued and outstanding shares in the capital of the Company. As consideration for the Shares, Mr. Morgan will pay the sum of $1.00 to each Director.

Following the Proposed Disposition, the Company will no longer satisfy the Tier 2 maintenance requirements for a TSX Venture Exchange (the "Exchange") Tier 2 issuer. Accordingly, the transfer of the Company's common shares to the NEX board of the Exchange is expected to occur on or about the closing of the Proposed Disposition.

In addition, further to the Company's press release of April 28, 2010, the Exchange has advised the Company that the common shares of Company are scheduled to be reinstated to trading on May 13, 2010.

ON BEHALF OF THE BOARD
Ken Morgan
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.