Funding Increased for American Security Resources Corp.
To Ramp Fuel Cell Production and Acquisitions

Houston, TX (BusinessWire) October 30, 2006 -- American Security Resources Corporation [OTCBB: ARSC] announced today that Golden Gate Investors, Inc. has increased its funding commitment to ARSC from $3,000,000 over twelve months to $10,000,000 over three years.

"This increased funding is in preparation for developing the wind turbine business which we expect to acquire and other potential expansions," stated Bob Farr, President of ARSC. "Plus our HydraStax® fuel cells are coming to market this quarter and we're preparing for a big push to ramp up that production, too."

The HydraStax® fuel cell is a proprietary technology developed by ARSC's wholly owned subsidiary, Hydra Fuel Cell Corp. ( www.hydrafuelcell.com ), that increases both the efficiency and useful life of electric generating hydrogen fuel cells. The HydraStax® units are designed to be commercially mass produced.

American Security Resources Corporation is a holding company acquiring and developing clean energy technologies to secure America's energy future.

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