AIM Exploration Inc. announced that it has entered into an agreement with Prina Energy to set up a joint venture company in Dubai, UAE. The joint venture is intended to be set up in the DMCC Free Trade Zone in Dubai. The new joint venture corporation will have the exclusive worldwide marketing rights for all anthracite coal produced through AIM. The agreement calls for AIM Exploration Inc./AIM S.A. and Prina to each own and control 50%.

Mr. Karan Dhaliwhal, President of Prina Energy, will be the CEO of the joint venture company, expected to be known as AIM Exploration, Dubai.