FISHERS, IN /ACCESSWIRE / May 29, 2018 / American Resources Corporation (OTC PINK: AREC)is pleased to announce the reduction of over $18.1 million of prior liabilitiesfrom its balance sheet.In a continued,ongoing effort to strengthen the company's balance sheet, American Resourceshas accepted the immediate forgiveness of $17.8 million of payables to arelated party of the company and a reduction of debt in the amount of $315,000that was the result from an equipment transaction with an unrelated party.

"Thecancellation of over $18 million of our prior debt is a significant positivestep in our efforts to continually strengthen our balance sheet for futuregrowth," stated Mark Jensen, Chief Executive Officer of AmericanResources."We are constantly reviewingopportunities to reduce our prior balance sheet liabilities as we continue toexpand our operations."

Thedebt cancellation was effective May 25, 2018.

About American Resources Corporation

AmericanResources Corporation is engaged in diversified energy services includingmining, processing and logistics, with a primary focus on traditional energysources such as coal and oil and gas. American Resources Corporation plans toexpand its business by continuing to develop its currently leased propertiesand further expanding its processing and logistics business, and through thepursuit of strategic acquisitions.

Contact:

Mark LaVerghetta, Vice President ofCorporate Finance and Communications investor@americanresourcescorp.com

SpecialNote Regarding Forward-Looking Statements

Thispress release contains forward-looking statements.Forward-looking statements involve known andunknown risks, uncertainties, and other important factors that could cause theCompany's actual results, performance, or achievements or industry results todiffer materially from any future results, performance, or achievementsexpressed or implied by these forward-looking statements.These statements are subject to a number ofrisks and uncertainties, many of which are beyond the control of theCompany.The words "believes", "may","will", "should", "would", "could", "continue", "seeks", "anticipates","plans", "expects", "intends", "estimates", or similar expressions are intendedto identify forward-looking statements, although not all forward-lookingstatements contain such identifying words. Any forward-looking statements included in this press release are madeonly as of the date of this release.TheCompany does not undertake any obligation to update or supplement anyforward-looking statements to reflect subsequent events or circumstances.The Company cannot assure you that theprojected results or events will be achieved.

SOURCE:American Resources Corporation