American Acquisition Opportunity Inc. announced that, in connection with the IPO, Daniel J. Hasler, Edward Smid and Gary T. Ehlebracht were appointed to the board of directors of the American Acquisition Opportunity Inc. The board of directors has determined that the directors are independent directors within the meaning of applicable SEC and Nasdaq rules. Effective upon their appointment, Messrs. Hasler, Smid and Ehlebracht were appointed to the board's audit and compensation committees. Mr. Smid chairs the compensation committee. In connection with their appointments to the board of directors, each director and the Registrant's then-serving directors, Mark C. Jensen, Kirk P. Taylor and Thomas M. Sauve entered into indemnity agreements with the company.