Appleton Exploration Inc. Makes Second Anniversary Option Payment
May 5, 2011 – Vancouver, British Columbia. Appleton Exploration Inc. (AEX – TSX.V) reports that pursuant to an agreement dated February 20, 2009, whereby the Company may acquire up to a 100% interest in the Manalo Gold Project in Mali, the Company has issued 500,000 units to Delta Exploration Inc., being the second anniversary option payment. Each unit is comprised of one common share and one share purchase warrant entitling the holder to acquire one additional common share of Appleton at an exercise price of $0.14 per share on or before March 18, 2013. The securities are subject to a four month hold until July 19, 2011.
On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO
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| Tim Henneberry: (604) 694-0741 | Contact Financial Corp. 604.689.7422 Toll Free 1.877.689.7411 |
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