ARSC Settles Golden Gate Litigation

Houston, TX (BusinessWire) August 2, 2010 American Security Resources Corporation (OTCBB: ARSC) announced today that it has settled the pending litigation filed December 15, 2009 by Golden State Equity (formerly known as Golden Gate Investors) and the Law Suit has subsequently been dismissed. 
Bob Farr, President and COO of ARSC, stated “We are pleased to have this distraction behind us and are looking forward to focusing on the matters at hand as we move into production.”

American Security Resources Corporation
ARSC is a holding company of clean energy technologies. ARSC, through its Hydra subsidiary, is developing 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