American Biofuels Inc C.ABS.H

RE: Why the Halt?

[Malibu550C]

TAE is not halted.  It has been issued a Cease Trade order.

Feb 02, 2009 19:35 ET

TSX Venture Exchange: Cease Trade Orders

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2009) -

BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: February 2, 2009
TSX Venture Companies

A Cease Trade Order has been issued by the British Columbia Securities
Commission on February 2, 2009, against the following Companies for
failing to file the document indicated within the required time period:

Period Ending
Symbol Tier Company Failure to File (Y/M/D)

("BGZ") 2 Brandgamz Marketing Comparative financial 08/09/30
Inc statement
Management discussion 08/09/30
& analysis
("GPK.U") 2 Grand Peak Capital Comparative financial 08/09/30
Corp. statement
Management discussion 08/09/30
& analysis
("IPN") 1 Ignition Point Comparative financial 08/09/30
Technologies Corp. statement
Management discussion 08/09/30
& analysis
("KAN") 2 Kansai Mining Comparative financial 08/09/30
Corporation statement
Management discussion 08/09/30
& analysis
("MJS") 2 Majestic Gold Corp. Comparative financial 08/09/30
statement
Management discussion 08/09/30
& analysis
("TAE") 2 Transamerican Energy Comparative financial 08/09/30
Inc. (formerly statement
Sniper Resources Management discussion 08/09/30
Ltd. ("SNQ.H")) & analysis
("TEA") 2 Tearlach Resources Comparative financial 08/09/30
Limited statement
Management discussion 08/09/30
& analysis
("THP") 2 Totally Hip Comparative financial 08/09/30
Technologies Inc. statement
Management discussion 08/09/30
& analysis

Upon revocation of the Cease Trade Order, the Company's shares will remain
suspended until the Company meets TSX Venture Exchange requirements.
Members are prohibited from trading in the securities of the company
during the period of the suspension or until further notice.

TSX-X