Americas Petrogas Announces $15 Million Offering

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Americas Petrogas Inc. (TSX VENTURE:BOE) (the "Company" or "Americas Petrogas")
is pleased to announce that it has executed an underwriting agreement with a
syndicate of underwriters led by Mackie Research Capital Corporation and
including RBC Dominion Securities Inc., TD Securities Inc. and Cormark
Securities Inc. (collectively, the "Underwriters") and priced its previously
announced overnight-marketed public offering (the "Offering"). The Company will
issue, on an underwritten basis, 16,666,666 units (the "Units"), at a price (the
"Offering Price") of $0.90 per Unit, by way of a short form prospectus, to raise
gross proceeds of $14,999,999. Each Unit shall consist of one common share
(each, a "Common Share") and one-half of one Common Share purchase warrant (each
whole Common Share purchase warrant, a "Warrant"), with each Warrant entitling
the holder thereof to acquire one Common Share in the capital of the Company at
a price of $1.125 until 36 months from the closing date of the Offering.


The Company has also 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 Offering Price up to
an additional 15% of the Units distributed in the Offering. 


Trading of the Company's common shares on the TSX Venture Exchange will resume
at market opening on May 27, 2014.


In connection with the Offering, the Underwriters will receive a cash commission
and non-transferable compensation options entitling the Underwriters to acquire
up to 500,000 Units (575,000 Units if the Over-Allotment Option is exercised in
full) for a period of 12 months from the closing date of the Offering at $0.90
per Unit having the same terms as the Units comprising the Offering. 


The Offering is being 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 is scheduled to close on or about the week of June 2nd, 2014 and is
subject to certain conditions including, but not limited to, the receipt of all
necessary approvals, including the approval of the TSX Venture Exchange. 


The Units 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 Units 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
recommencement of trading, completion of the Offering and the timing thereof a
receipt of regulatory 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
[phone]
[e-mail]
www.americaspetrogas.com