Alaska Pacific Energy Corp. is seeking other financing options. Alaska said that it has expanded the focus of examining their funding options to include Project Funding. Dominick Falso, President of Alaska Pacific said, "This would help preserve the common stock value, rather than having large blocks of stock out there...even though the stock cannot be traded for at least one year from issuance, one year will pass soon enough. One of the problems that I see in the past of our company is the dilution of the common stock that occurred. We are committed to not letting history repeat..." Falso added, "You have Eagle Ford Shale and then you have conventional drilling projects. They (Eagle Ford Shale Wells) are typically a lot more expensive...in every way...lease acquisition, drilling, completion...but they also typically are well worth the cost. As long as oil stays above sixty five dollars per barrel, we should be able to make a go of it. Funding of the projects has been no small issue, of course...but now we are talking to people that appear to be willing to fund based on the strength of the deal...so we are busy looking for the best deal...the best value."

Alaska Pacific Energy Corp. announced that Mrs. Timothea J Welsh resigned her position as Secretary and Director of the company effective October 17th 2012. Her resignation was accepted by the company. The company has also moved its office from Carlsbad CA to Blaine WA.

alaska pacific energy corp. commenced preliminary discussions have begun with the company's geological engineer, along with the company's consulting operations manager. They will be the professionals who will institute exploration programs on the bct gold claims, located on gun lake in the historical bralorne gold camp. They will also consult with the company's board of directors. Hornblende-biotite quartz diorite, a basic phase of the Cretaceous to Tertiary Bendor pluton, occurs in a northwest trending tongue across the property, intruding Mississippian to Jurassic Bridge River Complex (Group) sediments. Quartzite, silicified argillite and foliated tuffs are metamorphosed to lower greenschist grade. The "Pilot shear" hosting the deposit trends southeast at the contact between silicified tuff of the Upper Triassic Noel Formation, Cadwallader Group quartz diorite and Bridge River sediments. The 3-metre wide shear contains a number of narrow, parallel quartz veins altered with sericite and kaolinite. Gold and silver values are continuous along this structure for 300 metres northwest. A chip sample taken over 0.9 metres assayed 11.1 grams per tonne gold and 56.9 grams per tonne silver (Assessment Report 11877). Another similar vein is reported to occur along the same trend about 150 metres west of the Pilot shear. A well maintained portal to the Pilot vein is located near the mouth of Walker Creek on Gun Lake. The area has not been fully explored and with improving gold prices interest in the area has increased significantly. In its glory days Bralorne Pioneer supported a town of 10,000 residents and provided hundreds of good jobs even at the height of the great depression.