AMERICAN INTERNATIONAL INDUSTRIES, INC.

(NasdaqCM: "AMIN")

601 CIEN STREET, SUITE 235, KEMAH, TX 77565-3077

Tel: (281) 334-9479 Fax: (281) 334-9508

www.americanii.com email: amin@americanii.com

FOR IMMEDIATE RELEASE

AMERICAN INTERNATIONAL INDUSTRIES, INC. AND ITS PARTNERS

RECEIVE OFFER OF $6.9 MILLION ON 4 ACRES OF

REAL ESTATE IN HOUSTON, TEXAS

Houston / Kemah, Texas – December 21, 2007 American International Industries, Inc. (NasdaqCM: AMIN) Mr. Daniel Dror, Chairman and CEO, today announced that the Company and its partners have received an offer from Lakeland Partners III, LP to purchase 4 acres of property located on Beltway 8 and Westview Drive near Interstate 10 in Houston, Texas for $6.9 million. AMIN’s participation in the proceeds will be $3.5 million and the value of the property on the Company’s books is $425,500. Currently, this property is being used as the headquarters for Delta Seaboard Well Service, Inc., the Company’s 51% owned subsidiary. The terms of the closing of this transaction are subject to a feasibility study by the developers and standard real estate contract provisions. The Company and its partners are considering this offer at this time.

"The Company has a solid portfolio of real estate assets and other investments and our management team believes that the market value of this portfolio is significantly higher than the value carried on the Company’s books," stated Daniel Dror. It is part of the Company’s strategy to continue to pursue opportunities to unlock the unrealized value of certain of its holdings to increase shareholder value.

American International Industries, Inc. is a diversified holding company, with a business model similar to General Electric, Tyco International, and Berkshire Hathaway. The Company has holdings in Industry, Finance, and Real Estate in Houston Texas and surrounding areas, and Oil & Gas. The vision of the Company is to develop holdings in various industries through acquisition of existing companies, applying the financial resources and management expertise to foster the growth and profitability of the acquired businesses. The holding company serves as a financial and professional partner to the management of the subsidiaries. The role of the holding company is to improve each subsidiary’s access to capital, achieve economies of scale by consolidating administrative functions, and utilize the financial and management expertise of corporate personnel across all units. The Company is continuing to work with management of the subsidiary companies to improve revenues, operations and profitability.

Private Securities Litigation Reform Act Safe Harbor Statement:

The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended that involve risks and uncertainties. All statements other than statements of historical information provided herein may be deemed to be forward-looking statements. Without limiting the foregoing, the words "believes", "anticipates", "plans", "expects" and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those that we may anticipate in each of our segments reflected by our subsidiaries' operations include without limitations, continued value of our real estate portfolio, the strength of the real estate market in Houston, Texas as a whole, continued acceptance of the Company's products and services, increased levels of competition, new products and technology changes, the dependence upon financing, third party suppliers and intellectual property rights, the rules of regulatory authorities and risks associated with any potential acquisitions. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis, judgment, belief or expectation only as of the date hereof.

Investor Relations: Rebekah Ruthstrom, Tel: 281-334-9479, email: amin@americanii.com