LAS VEGAS, NV--(Marketwired - Dec 14, 2016) - Advanced Environmental Petroleum Producers, Inc. (OTCQB: AEPP) is pleased
to announce it has received the acceptance of their Technical Evaluation Agreement (TEA) for Block 19 Certificate of
Qualification No. W GGRL-CC-19-2016 under the qualification of oil companies approved by Supreme Decree W 030-2004-EM and amended
by Supreme Decree W 001-2012-EM by PeruPetroS.A. allowing the implementation of convention's Technical Evaluation of Block19.
Nigel Bosworth, AEPP's Chief Technology Officer, stated, "AEPP can now instruct Chapman Petroleum Engineers from Calgary
Alberta Canada to proceed on site to complete the 51-101 Petroleum Reserve Report for Block 19."
AEPP is clear to proceed to manufacture and install the full Pilot Plant from their exclusive Technology supplier Pointsource
Processing (PSP) for the extraction of gas and oil from Block 19.
Background
AEPP will become an oil and gas exploration and development company, operating in Peru where it has a number of targets in the
highly prospective Block 19 of the southern region of that country. The Company will hold an exclusive license, which entitles it
to explore and develop certain oil and gas properties known as "Block 19," an area of 10,100 square km.
Cautionary Note:
The statements in this press release constitute forward-looking statements within the meaning of federal securities
laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business,
economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking
statements are subject to assumptions with respect to future business strategies and decisions that are subject to change.
Potential risks and uncertainties include, but are not limited to, technical advances in the industry as well as political and
economic conditions present within the industry. We do not take any obligation to update any forward-looking statement to reflect
events or developments after a forward-looking statement was made.