Amseco Exploration: Announcement

MONTREAL, QUEBEC — (Marketwire) — 02/08/12 — Amseco Exploration Ltee. („Amseco“) (TSX VENTURE: AEL) announces a non-brokered private placement of an amount of up to 246 000$ for accredited investors. The placement will consist of 4 100 000 commons shares at 0.06$ and 4 100 000 warrants entitling its holder to subscribe for one (1) additional common share at a price of 0.12$ for a period of 18 months

Each Unit, at the price of 600$, will consist of ten thousand (10 000) common shares of Amseco and ten thousand (10 000) share purchase warrants, one warrant entitling the holder to purchase one additional common share of Amseco. The placement will be subject to a maximum of 8% finder-s fees payable in cash and 8% brokers warrants

The gross proceeds of the financing will be used to advance the Rouleau Lake property, and for general corporate purposes and business development.

The warrants will be subject to an acceleration clause if the shares trade at a price of 0.15$ or higher for 15 consecutive trading sessions (Day).

This private placement is conditional to prior approval by the TSX Venture Exchange. All securities issued in connection with this private placement will be subject to a four (4) months hold period.

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.

Contacts:
Jean Desmarais
President
Amseco Exploration Ltd.
514 284-5111 / Cell: 514 898-5326
514 284-6111 (FAX)