Alamo Energy Corp. Provides Corporate Update

Friday, Jul 30, 2010

Alamo Energy Corp.
(OTCBB:ALME), an independent company focused on the exploration, development
and production of onshore oil and gas reserves in the UK and U.S., is
pleased to provide a Corporate Update with all 7 new wells from the drilling
campaigns in Texas, Kentucky and West Virginia encountering hydrocarbons.

West Virginia -- Florence Valentine, Ritchie County

The Valentine #1 well is located on approximately 115 acres, which was
originally drilled to approximately 5,000 feet in 1981 and produced from the
Devonian Shale.

The well was completed targeting the upper shallow zones identified as the
5th Sand formation from 2810' - 2714', Gordon sand from 2642' - 2528', 30
Foot Sand from 2348' - 2320', Gantz sand from 2294' - 2226' & Berea sand
from 2196 - 2190' ft.

The well has now been put on production and is producing significant amounts
of oil and natural gas at a rate of approximately 100,000 cu.ft. of natural
gas per day and oil at a rate as high as 44 bbls per day at 50/api gravity
over approximately 20 days of production.

With these positive results, we believe that there is a possibility of
drilling 3-4 new wells on the acreage at 20-25 acre spacing with potential
results similar to the Valentine #1 well.

Texas -- Lozano Lease, Frio County

Located on 110 acres, our producing wells have continued to produce without
downtime or requiring significant maintenance work. The company is currently
reviewing options to drill new wells in order to boost production from the
acreage.

Texas -- Jack D Hubbard Lease Development, Brown County

High gas pressure from the well has resulted in only a partial completion of
the targeted zones. We have decided to put the well on limited production
whilst we review options for completing the well.

Kentucky -- H.V Taylor Lease, Gradyville Oil Field, Adair County

Drilling of the five wells located on 55 acres was completed in June with
the wells encountering hydrocarbons in the Granville, Murfreesboro and Knox
formations. The wellbores have been videoed and subjected to high definition
triple combo logging and sidewall core sampling.

We are in the process of preparing to complete the wells. In anticipation of
production, we have prepared surface facilities such as the pumpjacks,
flowlines and tank batteries.

United Kingdom -- Wessex/Weald Province Lease, Southern England

We are currently analyzing data from our seismic lines. The results will
determine the route for the seismic shoot. Our aim is to shoot the seismic
later this year.

Alamo's four UK onshore license blocks (TQ26, TQ36, TQ46, TQ56) lie directly
north of the producing Palmer's Wood Oilfield operated by Star Energy, a
subsidiary of Petronas. According to an independent geological report, the
hydrocarbon resource potential for all four blocks is approximately 236
million barrels.

Philip Mann, Alamo's Chief Financial Officer, said, "We feel that we are
inline with our growth targets. We believe our initial production rates from
our new wells will significantly increase our projected monthly revenues and
we intend to continue our aggressive growth strategy by acquiring more
domestic acreage and drilling new wells to maximize the potential of our
current acreage."

Source: Globe Newswire