BOE

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Americas Petrogas Inc. (TSX VENTURE:BOE) (the "Company" or "Americas Petrogas")
announces that it has filed and received a receipt for a preliminary short form
prospectus in connection with an overnight marketed public offering (the
"Offering") of common shares (the "Common Shares"). The Company expects to raise
up to $15 million in gross proceeds (before any exercise of the Over-Allotment
Option described below) but the size of the Offering will be determined in the
context of the market. The Offering will be conducted in all the provinces of
Canada except Quebec and in other jurisdictions in a manner permitted by
applicable securities laws and outside of Canada where they may be lawfully sold
on a basis exempt from the prospectus and registration requirements of any such
jurisdiction.


The Offering will be led by Mackie Research Capital Corporation, on behalf of a
syndicate of underwriters including RBC Dominion Securities Inc., TD Securities
Inc., and Cormark Securities Inc. (together, the "Underwriters"). The price per
Common Share ("Offering Price") will be determined in the context of the market
at the time of entering into a definitive underwriting agreement between the
Company and the Underwriters. The Company has granted to the Underwriters an
over-allotment option (the "Over-Allotment Option"), which entitles the
Underwriters to acquire at any time up to 30 days following the closing of the
Offering, at the same issue price as the Offering, up to an additional 15% of
the Common Shares distributed in the Offering.


The Company expects to close the Offering on or about the week of June 2, 2014,
subject to satisfaction of customary closing conditions, including, but not
limited to, the receipt of all necessary regulatory and stock exchange approvals
including the approval of the TSX Venture Exchange and all applicable securities
regulatory authorities.


In connection with the Offering, the Underwriters will receive a cash commission
equal to 6% of the gross proceeds raised under the Offering and non-transferable
compensation options entitling the Underwriters to acquire that number of Common
Shares that is equal to 3% of the total number of Common Shares issued pursuant
to the Offering (including pursuant to the Over-Allotment Option) for a period
of 12 months from the date of closing of the Offering at a price equal to the
Offering Price.


The net proceeds (including the net proceeds from the exercise of the
Over-Allotment Option, if any) will be used for ongoing drilling of the
Company's conventional and non-conventional oil and gas assets located in
Argentina, and for working capital purposes.


The Common Shares offered have not been and will not be registered under the
U.S. Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the Common Shares
in any jurisdiction in which such offer, solicitation or sale would be unlawful.


About Americas Petrogas Inc. 

Americas Petrogas Inc. is a Canadian company whose shares trade on the TSX
Venture Exchange under the symbol "BOE". Americas Petrogas has conventional and
unconventional shale oil and gas and tight sands oil and gas interests in
numerous blocks in the Neuquen Basin of Argentina. Americas Petrogas has joint
venture partners, including ExxonMobil and YPF, on various blocks in the shale
oil and gas corridor in the Neuquen Basin, Argentina. Americas Petrogas also
owns an 80% interest in GrowMax Agri Corp., a private company involved in the
exploration for near-surface potash, phosphates and other minerals, and
potential development of a fertilizer project in Peru. Indian Farmers Fertiliser
Co-operative Limited (IFFCO) owns a 20% interest in GrowMax Agri Corp. For more
information about Americas Petrogas Inc., please visit www.americaspetrogas.com.



Certain statements contained in this press release constitute "forward-looking
statements" as such term is used in applicable Canadian and US securities laws.
Any statements that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future
events or are not statements of historical fact and should be viewed as
"forward-looking statements". These statements relate to analyses and other
information that are based upon forecasts of future results, estimates of
amounts not yet determinable and assumptions of management. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements, including without
limitation, those listed in the "Risk Factors" section of the Company's Annual
Information Form dated May 2, 2014 (which may be viewed at www.sedar.com). 


In particular, statements (express or implied) contained herein regarding the
completion of the Offering and the timing thereof, the expected size of the
Offering and the receipt of required approvals should all be viewed as
forward-looking statements. 


There can be no assurance that such forward-looking statements will prove to be
accurate as actual results and future events could vary or differ materially
from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements contained in this news release. The
forward-looking statements contained herein are expressly qualified by this
cautionary statement. 


Forward-looking statements are made based on management's beliefs, estimates and
opinions on the date the statements are made and the Company undertakes no
obligation to update forward-looking statements and if these beliefs, estimates
and opinions or other circumstances should change, except as required by
applicable law.


NEITHER THE 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Americas Petrogas Inc.
Barclay Hambrook, P. Eng., MBA
President and CEO
(403) 685-1888
inquiries@americaspetrogas.com
www.americaspetrogas.com

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