American Utilicraft Corporation and Global Air Group, Sign Letter of Intent for 100 FF-1080 Freight Feeder Aircraft Valued at $1.2 Billion.

LAWRENCEVILLE, Ga. -- American Utilicraft Corporation (OTC: AMUC) - John J. Dupont, President and CEO of American Utilicraft Corporation, and Luke Butler, Chief Executive Officer of Global Air Group, of Brisbane Australia, signed a Letter of Intent to facilitate their final negotiations for the purchase of 100 FF-1080 Freight Feeder Aircraft (50 aircraft, option 50), for Global Air Group's Boeing 747 operations in Europe and Africa.

The Aircraft Purchase Agreement estimated value is approximately $1.2 Billion including the support, spares, and training package.

Company officials expect to finalize the Aircraft Purchase Agreement within the next 60 to 90 days, and are jointly exploring the various international financing options with a view to the selection of lead managers for the funding of this fleet-purchase package.

The Companies are also negotiating a Distributorship Agreement that will give Global Air Group exclusive Distributorship Rights for sales and support in the Europe and Africa markets.

About Global Air Group

Global Air is a Boeing 747 charter airline that operates and owns B-747 passenger and freight aircraft. Global Air Group's key team has worked in 72 countries since 1992. Global Air's focus is on being a behind-the-scenes charter or wet lease specialized support airline that supports other airlines and freight operators - anyone that can use Boeing 747's either passenger or freight for a minimum of 6 to 12 months with Global Air Group's aircraft, crews, maintenance and insurance package (ACMI basis or charter) or for special mission work. Global Air is significantly cheaper than all other European and US wet lease or charter companies due to their significantly lower Australian overheads, favorable exchange rate while maintaining a first class "first world" level of safety, reliability and service.

Global Air's web site is: www.globalairgroup.com.

About American Utilicraft Corporation

American Utilicraft Corporation was formed in 1990, to target the significant problem of addressing the overnight express, supply chain, e-commerce, and global third party logistics entities inability to provide effective "containerized" fulfillment and distribution in the short haul (or feeder) route segments of air cargo. The result of the Company's research and development is a new air vehicle, the FF-1080 Freight Feeder aircraft, capable of carrying standard industry air containers on short-to-medium range/medium density routes, and an integrated air cargo information system for the freight feeder market.

For more information visit the Company's website at www.utilicraft.com.

Safe Harbor Statement

This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release involve risks and uncertainties and reflect the company's current views with respect to possible future events. Readers are cautioned that no forward-looking statement can be guaranteed and actual results or events may materially differ from those projected or anticipated. In particular, the following factors, among others, could cause actual results or events to differ materially from those described in the forward-looking statements: the company's ability to obtain and fulfill contracts for the sale of products, protect intellectual property rights and manage future growth; market acceptance of future products; product supplier delays; design and engineering certification delays or denials; and the introduction of similar products by competitors. Any forward-looking statement made in this press release is made as of the date of this press release, and the company assumes no obligation to update any such forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this press release should be evaluated together with the many uncertainties that affect the company's business, particularly those mentioned in the Risk Factors section contained in the company's Form SB-2, as filed with the Securities and Exchange Commission.