TSX.V: CCC

Appleton Exploration Inc. Identifies New Anomalies on its Spences Bridge Gold Project

July 19, 2007 - Vancouver, British Columbia. Appleton Exploration Inc. (TSX-V: AEX) has now received all of the assay results from the 2007 Phase I program on its wholly owned Dora property in the Spences Bridge Gold Belt. Six substantial linear cross-cutting gold anomalies have been discovered by the Company in its search for epithermal mineralization in the active Spences Bridge Gold Belt. The anomalous area on the Company’s Dora property is 3 kilometres southeast of Consolidated Spire Ventures Ltd. Prospect Valley project where the discovery of a large low grade bulk tonnage target has recently been announced.

The 2007 Dora Phase I program consisted of two components: follow-up in-fill soil sampling and prospecting over the previously established anomalous Breccia/Fault and Silt grids and airborne tri-directional magnetics over the south western section of the property. The objective of the Breccia/Fault grid soil sampling was to better define broad previously identified anomalies by in-fill soil sampling as well as to expand the previously identified gold-in-soil
anomalies, located during the 2006 exploration program. A total of 2258 soil samples were taken on the Breccia/Fault Grid and a further 416 samples were taken over the Silt Grid. Eighteen grab bedrock samples were also taken from the grids. The objective of the airborne geophysical survey was to identify buried structures that might be mineralized. Aeroquest Limited flew the 784 line kilometres airborne geophysical survey. The maps and accompanying geophysical report are due in late August.

The 2007 assay results show a large area (1000m x 2000m) of multiple linear east-west and north-south trending anomalies. The linear anomalies are both long and wide, cross-cutting each other, which may suggest a new mineralized system. The anomalies are described in the table below.

 

Breccia/Fault Grid Summary of Gold-In-Soil Anomalies
Anomaly
Trend
Width (m)
Length (m)
Range (ppb Au)
A
E-W
50-100
1500
3 to 1050
B
E-W
50-150
1400
2 to 112
C
E-W
50-200
1900
2 to 800
D
E-W
50-150
500
2 to 875
E
N-S
50-100
1000
3 to 286
F
N-S
50-100
1300
3 to 297


A total of 18 rock sample were taken during prospecting of the grids. Thirteen of the samples returned anomalous gold results between 14 and 210 ppb Au, which are positive support for the anomalous grid areas to host epithermal mineralization.

The Company is very pleased with the results of the Phase I exploration program. Crews have been mobilized to commence the Phase II program of ground truthing the soil anomalies by soil and hand trenching and detailed prospecting. This will be followed by mechanical trenching.

All analyzes were completed by Eco-Tech Laboratory Ltd. of Kamloops, British Columbia.
On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO


For further information, please contact: Tim Henneberry: (604) 694-0741

For Investor Relations Information contact:
MarketSmart Communications: (604) 261-4466   |   Toll Free:  1-877-261-4466

R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

This website includes certain "forward-looking statements" such as estimates and statements that describe Cornerstone Metal Inc.’s property, future plans, objectives or goals. All statements in this website, other than statements of historical facts, that address future production, resource potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance or developments to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, market prices, environmental conditions, judicial, regulatory and political developments, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions.