AMERICAN INTERNATIONAL INDUSTRIES, INC.

(OTCBB: "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

CORRECTED RELEASE

AMERICAN INTERNATIONAL INDUSTRIES, INC

DECLARES $.05 PER SHARE CASH AND 20% STOCK DIVIDENDS

Kemah, Texas – July 28, 2005 American International Industries, Inc. (OTCBB: AMIN) Mr. Daniel Dror, Chairman and CEO, announced today that the Company’s board of directors has approved a revised cash and stock dividend, with the payment of a $0.05 per share cash dividend and a 20% stock dividend. The dividends are payable to all shareholders of record, Friday, August 26, 2005 and are payable on October 3, 2005.

The board of directors believes that its shareholders should benefit from the Company’s positive business developments and contemplates continuing a yearly cash and stock dividend policy. The yearly cash dividend will have to be consistent with the Company’s liquidity requirements for future acquisitions.

The Company previously announced on July 26, 2005 that it would declare on a quarterly basis, a 5% stock dividend. However, the board of directors determined that the distribution costs of a quarterly stock dividend would not be practical and therefore determined to instead, declare a 20% stock dividend payable on October 3, 2005.

American International Industries, Inc. is a holding company. The Company has holdings in Industry, Oil and Gas Services, Finance, and Real Estate in Houston area. The vision of the Company is to acquire controlling interests in undervalued companies and assets in which it takes an active role to improve their growth and profitability, by providing its subsidiaries with access to capital, leveraging synergies and using AMIN’s management expertise. As a holding company, AMIN achieves economies of scale by consolidating administrative functions for each of its subsidiaries.

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 acceptance of our products and services, continued growth in the energy sector, increased levels of competition, the dependence upon adequate financing, third party suppliers and the ability to hire and retain qualified management for its operating subsidiaries, and the regulatory environment in the segments in which we operate. 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: rruthstrom@americanii.com