AAST OB: Trader's Stock of the Day for Wednesday, June 29th!

FOR IMMEDIATE RELEASE
Sacramento, California, United States of America (Free-Press-Release.com) June 29, 2011 -- Date: 6-29-11

Place: Sacramento, Ca.

Title: AAST OB Allied American Steel Corp., is a NanoCap Gems Stock Spotlight for Wednesday, June 29th.

AAST is a possible short-term trade on Wednesday, June 29th, for pure stock-market speculators! A double-bottom maybe forming on AAST, according to Barchart.Com, and is signaling perhaps an oversold condition.* NanoCap Gems offers "Stock Spotlights" as possible trade-only scenarios.

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AAST OB: Trader's Stock of the Day for Wednesday, June 29th!

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Allied American Steel Corp is an advanced exploration stage mining company focused on the discovery and production of significant iron ore resources, and the titanium dioxide resources often associated with iron deposits. The Company is publicly traded, and can be found on the NASDAQ OTC BB under the ticker symbol AAST.OB. Based in Pittsburgh, PA, the Company's option to acquire a 60% undivided interest in certain mineral claims, located by Lake Touladi in the Province of Quebec, Canada, is situated near the North American eastern seaboard, granting easy access to world export markets. A 43-101 technical report (Michel Boily, PhD. P. Geo, May, 2010) commissioned by the sellers of the Lake Touladi Property cited 4 major mineralized zones (A to D) on the property. The combined estimated historical mineral resources for Zones A and B alone were cited by the report as 124 million tons (Mt) grading an average 23.3 wt. % iron (Fe) and 6.6 wt. % titanium dioxide (TiO2). Based on information supplied by the sellers of the property, drilling that confirmed mineral resource depths at more than 330 meters indicates the Lake Touladi Property represents an inferred resource of 248 Mt, and a production life of 45.9 years. According to previous owners, using an assumed value of $291 per ton in the ground, the potential in-situ value of this resource could exceed $72 billion. The company will be evaluating the net value of the project after more drilling, a metallurgical study and a scoping study is complete.


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Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

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The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of

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