Agoracom

Calgary, Alberta CANADA, June 22, 2007 - AeroMechanical Services Ltd. (TSX - VX: AMA), announced today that the Corporation, under the formal stock option plan approved at the Annual General Meeting held on May 17, 2007, has granted incentive stock options for a total of 850,000 common shares of the Corporation to employees, directors, and officers of the Corporation as recognition for the extraordinary efforts that they have made to move the Company forward in the past year, subject to regulatory approval. Terms of the options include an exercise price of $0.70 per share, vest immediately and expire equally each year on December 31, 2008, 2009, and 2010. A maximum of 10% of the issued shares are reserved for the issuance of the Corporation's Stock Option Policy.

About AeroMechanical Services Ltd.

AeroMechanical Services Ltd. provides proprietary technologies and services designed to reduce costs and improve efficiencies in the airline industry. The corporation has successfully commercialized three products and associated services currently marketed to airlines, manufactures and maintenance organizations around the world. Its premier technology Automated Flight Information Reporting System (AFIRS) and UpTime allows airlines to monitor and manage aircraft operations in real time, all the time, anywhere on the planet.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words "may" "would", "could", "will" and similar expressions, as they relate to AMS or its management are intended to identify forward-looking statements. Such statements reflect AMS's current views and with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause AMS's actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. AMS does not assume any obligation to update these forward-looking statements.

For further information:

Darryl Jacobs, President
AeroMechanical Services Ltd
(403) 291-7434
djacobs@amscanada.com

Thomas French, VP Finance and CFO
AeroMechanical Services Ltd
(403) 291-7427
tfrench@amscanada.com

David Gordon / Grant Howard
The Howard Group Inc
Toll Free: 1-888-221-0915
info@howardgroupinc.com

This press release is available on the AeroMechanical IR HUB for investor questions, commentary and feedback at: http://www.agoracom.com/ir/aeromechanical.
Alternatively, investors can email their questions or comments directly to AMA@agoracom.com or ask to be placed on the AeroMechanical investor email list to receive all future press releases directly.