TSX.V: CCC

Appleton Unearths Epithermal Quartz Veins on its Spences Bridge Gold Project

October 10, 2007 – Vancouver, British Columbia. Appleton Exploration Inc. (TSX-V: AEX) has located two sub-parallel epithermal quartz veins on the Stobart / Fame property at the northern end of the Company’s Spences Bridge Gold Belt Project during its prospecting and soil geochemistry program.

The first vein, which had been explored by a previous operator, displays banding, chalcedonic textures, and brecciation. These are typical features of epithermal veins. This northeast trending vein is 1-2 metres wide and can be traced along strike for approximately 30 metres, though it has been interpreted to continue at least 60 metres based on on-trend subcropping and angular float quartz blocks. Previous sampling in 1993 returned values from 1 to 5060 parts per billion (ppb) gold.

A second parallel vein was discovered 150 metres to the west of the first vein. This second vein, one metre wide, was traced along strike for 15 metres before it disappeared under overburden. This vein displays chalcedonic quartz and adularia, again positive typical features of epithermal veins. Assay results are pending.

Appleton also completed a soil geochemistry grid over the Double D and Kelsch epithermal vein showings on the Fame Property option. Soil geochemistry assay results are pending. Grab rock sampling of the Double D veins in 2006 by the Company returned values from 35 to 160 ppb Au. Two grab rock samples from the Kelsch vein in 2007 returned values of 845 and 1650 ppb Au. A mechanical trenching program has commenced on the Double D and Kelsch epithermal veins.

Dora Property
Mechanical trenching is continuing on the Dora property at the south end of the Spences Bridge Gold Belt. A series of parallel trenches have uncovered wide zones (5 to 25 metres) of intense clay-quartz alteration beneath the continuous soil channel sample anomalies described in the news release dated September 24, 2007. Assay results are pending.

Expenditures for the Company’s Spences Bridge Gold Belt project were partially funded through a private placement by the MineralFields Group, a Toronto-based fund. Information about the MineralFields Group is available at www.mineralfields.com.

Appleton is planning a 1500 metre (5000 feet) NQ diamond drilling program on the Dora Property for early December.


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.