ARSC Retains Colebrooke Capital to Structure Acquisitions and Funding

Houston, TX (BusinessWire) June 28, 2006 – American Security Resources Corporation (OTCBB: ARSC) announced today that it has retained M & A  and business development specialists, Colebrooke Capital of New York City, to assist it with acquisitions and strategic funding options.

Bob Farr, President of ARSC, stated “Colebrooke specializes in developing innovative acquisition structures and will actively seek opportunities for us in the alternative energy market.  Also, we expect them to assist us in completing the acquisition of the solar and wind energy companies with which we have begun negotiations. 
“Colebrooke will also work closely with us to identify a strategic financial partner. Colebrooke is involved in the renewable energy arena and we are excited about accessing their relationships” Farr added.

American Security Resources Corporation, ARSC is a holding company actively seeking to acquire companies and technologies that will advance the development of alternative energies. ARSC, through its Hydra subsidiary, is developing high volume, mass producible hydrogen fuel cells. For more information, please see: www.americansecurityresources.com

Safe Harbor Statement
This news release contains certain “forward looking statements” within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934.Although the Company believes the expectations reflected in such forward looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations.

For more information, please contact:
Frank Neukomm or Bob Farr
American Security Resources Corporation
713-465-1001
info@amsrcorp.com