CALGARY, ALBERTA--(Marketwire - Nov. 22, 2012) - AMG Bioenergy Resources Holdings Ltd. (the "Company") (TSX VENTURE:ABG), a Canadian publicly traded company, wishes to correct the information regarding the date of a certain Land Use Rights Transfer Agreement between the Company and China Zhejiang Biodiesel Co, Ltd. (the "Agreement") referenced in the Company's March 22, 2012 News Release and Material Change Report, both of which have been filed on SEDAR.

The Agreement was dated February 28, 2011, not February 28, 2012.

About AMG Bioenergy Resources Holdings Ltd.

The Company has been active in research and development of bio-fuel feedstock and biodiesel conversion with the intent of developing a business producing jatropha as a bio-fuel feedstock in the People's Republic of China and other parts of Asia.

ON BEHALF OF THE BOARD

Lee Shoong Lim, Managing Director

"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward- looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."

Contributing Sources

---

Market Wire