CHICAGO, December 8, 2005 (MARKETWIRE) – (Other OTC: AMRS.PK) American Stellar Energy, Inc. is pleased to announce assay results from Paramount Gold Mining's recently completed sampling program at American Stellar Energy's San Miguel project located near Temoris, Chihuahua Mexico, in the prolific Sierra Madre Gold-Silver Belt. Included in these results is verification of a high grade silver zone at San Jose that was drill-tested by Simon's and Associates in the 1970s.

Highlights of work to-date at San Miguel Groupings include:

• San Luis (a former producing gold mine): 85.2 g/t Au and 339 g/t Ag across 15 meters and 740 g/t Ag across 6.4 meters.
• San Jose: Over 200 line samples at an average grade of 225 g/t Ag, with 22 samples over 300 g/t Ag.
• San Antoni 367.2 g/t Ag across 6.8 meters and 1,720 g/t Ag across 1.1 meters.
• El Carmen: 1,674 g/t Ag across 1.4 meters and 301.25 g/t Ag across 2 meters.

Commenting on the results, Bill Reed, Manager of Exploration, Mexico stated "I have been involved with deposits in the Sierra Madre area before, and everything I am seeing at San Miguel leads me to feel confident that we have multiple targets that could prove to be economic deposits. The results we received from San Jose are spectacular, both in terms of grade and depth; and the data from the recent 43-101 on San Luis shows very high grades of both gold and silver, again at depth and open along strike in both directions. We will be commencing an aggressive drill program early in 2006 to prove-up the full potential of these targets."

There have been at least two significant mineralization events that have occurred on the San Miguel property. The first is dominant in gold and the second event was silver with lead. Most of Paramount's recent exploration program focused on the silver zone at San Jose.

SAN JOSE
Paramount mapped and collected rock chip samples over the San Jose zone on 6 sample lines spaced 40 meters apart with samples collected every 5 meters along each line, with the following results:

• 13 samples ran over 500 grams/tonne silver
• 9 samples ran between 300 and 499 grams/tonne silver
• 35 samples ran between 150 and 299 grams /tonne silver
• 32 samples ran between 90 and 149 grams/tonne silver
• 56 samples ran between 30 and 89 grams/tonne silver
• 70 samples ran between 5 and 29 grams/tonne silver
• 10 samples contained less than 5 grams/tonne silver

At least three well defined additional alteration zones with anomalous silver values outcrop to the south and north of the San Jose zone. The southern most zones are the Santa Clara and La Union zones.

In Santa Clara area, the structure can be detected along 500 meters with surface mining workings (pits, shafts). No sampling was done by Paramount in this phase of exploration.

La Union structure is a segment of the San Jose structure, displaced by post mineral faulting 40 meters to the west. Dimensions of this mineralized structure are 600 meters by 10 to 30 meters in width. Mineralization is controlled by a hyperbysal intrusive. The results of exploration sampling (41 samples) by a previous operator reported Au values of < 1 to 22 grams/tonne and Ag values in the 7 to 1320 grams/tonne range. These La Union sample results have not yet been confirmed by Paramount.

SAN LUIS
To the NNW of the San Jose zone is the San Luis mine area, which includes a former producing gold mine. The known mineralization occurs in a chimney, as a result of the intersection of two secondary structures within the Guazapares fault. Partial mining of this zone by the Alaska Juneau Mining Co. between 1958 and 1962 reached a depth of 815 feet down a 60 degree inclined shaft. The reported Au results were in some instances as high as 1 Kg/ tonne.

During the geological studies carried out by Paramount, a systematic sampling was done with three lines. Line Width Au g/t Ag g/t Pb % 9 6.45 5.00 75.00 5.29 9 4.40 0.42 16.72 - 10 5.00 - 118.48 - 10 20.00 - 57.85 - 11 6.40 - 740.00 -

A 15 meter long channel sample collected in the presence of Charles W. Reed by Jon H. Lehman (author of a 43-101 geological report dated October 2005) from the 300 foot level in the San Luis mine ran 85.2 grams/tonne gold and 339 grams /tonne silver.

SAN ANTONIO – EL CARMEN This zone is controlled by a semi parallel fault system of variable strike N20 – 40W dipping toward NE and SW. The mining workings are distributed in an area of 900 meters long by 60 meters wide, outcrops are scarce, but some of the samples in the mine workings collected by Paramount include: at San Antonio 367.2 gpt Ag across 6.8 meters and 1,720 gpt Ag across 1.1 meters; at El Carmen 1,674 gpt Ag across 1.4 meters and 301.25 gpt Ag across 2 meters.

In the Guadalupe de los Reyes and Sangre de Cristo areas, semi parallel mineralized structures [to the Guazapares system], are developed in fault zones. There is no information about these zones, but field reconnaissance indicates large structures 5 to 25 meters thickness with a maximum of 25 gpt gold reported by local small scale miners.

The assaying of samples was conducted by ALS Chemex labs in Vancouver. The qualified person in charge of the San Miguel project and the person who prepared the technical data in this release is Charles W. Reed, BSc, Mineralogy (Utah).

About American Stellar Energy, Inc. American Stellar Energy, Inc. is a precious metals exploration and development company with existing production. It is management's objective to become a significant gold and precious metals producer by increasing our current production at La Currita and developing the San Miguel and La Millionaria projects in Mexico, and by acquiring other advanced-stage projects and/or producing mines in one of the most prolific precious metal districts in the world. For more information, please visit the Company's web site at: www.americanstellarenergy.com

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

CONTACT: American Stellar Energy, Inc.
Website: http://www.americanstellarenergy.com
IR / Clayton Smith: (503) 618-0370 / 888-601-9983
Francis R. Biscan Jr.: 630-462-2079
Email: Richard@americanstellarenergy.com