ARSC Inks Deal to Build Integrated Fuel Cell Factory

Houston, TX (BusinessWire) June 16, 2009 – American Security Resources Corporation (Pinksheets: ARSC) announced today that it has signed an agreement with Highland Project Capital Group LLC to arrange financing for one or more integrated fuel cell manufacturing facilities.
Bob Farr, President and COO of ARSC, stated “Hydra has been successful in generating a $21,000,000 purchase order backlog which will take more than two years of production from Hydra’s current plant. The plant we are planning with Highland’s help should be able to produce hundreds of fuel cells per month.” Farr continued, “Highland is expected to arrange financing from a variety of sources that may include Industrial Revenue Bonds, equity and grants.”

Highland Project Capital Group LLC

Highland Project Capital Group specializes in arranging corporate municipal debt and equity transactions on behalf of corporate and government clients. Highland will represent project developers, public bond issuers and corporations in developing and closing transactions involving tax-exempt or taxable debt and/or private equity to finance project costs under the most efficient available terms and within the most reasonable periods of time. Highland is headed by two investment bankers with a combined 70 years of experience in capital markets.

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, has developed high volume, mass producible hydrogen fuel cells. Its American Hydrogen Corp. subsidiary is developing methods to inexpensively formulate hydrogen. 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