Exhibit 31.1



Certification of Chief Executive Officer

Pursuant to Section 302 of the Sarbanes-Oxley
Act and Rule 13a-14(a)

or 15d-14(a) under the Securities Exchange
Act of 1934



I, Bradley M. Colby, certify that:



|1. | I have reviewed this Quarterly Report on Form 10-Q of American Eagle Energy Corporation;                                                                                                                                                                                                                  
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|2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
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|3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Company as of, and for, the periods presented in this report;                      
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|4. | I am  responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15f) for the Company and have:                         
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|5. | I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the Company’s auditors, audit committee and board of directors (or persons performing the equivalent functions):                                                                                    
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|   | b)                                                                                                                                                                                                                                                                                                        



|Date: August 20, 2012 | By:                                   | /s/ BRADLEY M. COLBY
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|                      | Bradley M. Colby                     
|                      | Chief Executive Officer and Treasurer