American Resources Responds To Recent Market Volatility In Its Stock Price And False Information Posted In Certain Online Chat Rooms Stating It Is Issuing 20M Shares At $0.48 Per Share; CEO Mark Jensen Says "We Can Definitively State That The Recent Comments Alleging American Resources Is Raising Equity Capital At $0.48 Cents Are Entirely False"

American Resources Corporation's (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, responds to recent market volatility in its stock price and false information posted in certain online chat rooms stating American Resources Corporation is issuing 20 million shares at 48 cents per share.

Mark Jensen, Chief Executive Officer of American Resources states, "We find it highly disturbing and damaging to our shareholders that individuals or hedge funds with ulterior motives will put out false information to drive our stock price down at the expense of our shareholders. We can definitively state that the recent comments alleging American Resources is raising equity capital at 48 cents are entirely false. Such comments are nefarious, manipulative and damaging to our stockholders. We have notified our counsel and are filing a complaint with the SEC and NASDAQ to investigate the posts that have been made and the resulting trading activity in American Resources Corporation's common stock. We also believe naked short selling is systemic in the market and we hope the regulators investigate such activities and the use of false information to manipulate stock prices."