TSX.V: CCC

Appleton Exploration Inc. Encounters Strong Gold Anomaly on its Spences Bridge Gold Project

February 28, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. has now received all of its 2007 assay results from its Spences Bridge Gold Belt Project. The Company is reporting the Dora property soil channel trenching results, the Stobart property soil grid results and the Fame excavator trenching results. The Company is exploring the various properties of its Spences Bridge Gold Belt Project for low sulphidation epithermal gold.

Dora

Based on the earlier success of its hand soil channel trenching program on the gold-in-soil Anomaly G (see news release dated September 24, 2007), the Company employed the same technique on gold-in-soil anomalies D, E and F. Soil trenches through the “B” horizon were sampled in 1 metre continuous intervals. The purpose of the soil trenching was to optimize positioning and orientation of subsequent bedrock excavator trenching over strong gold-in-soil anomalies.

The late fall 2007 soil trenching outlined strong gold values on Anomalies E and F. Anomaly E was explored by placing two sets of 2 crossing soil trenches 70 metres apart centred on the anomaly. Trench 07-E-01A returned a 13 metre interval averaging 393 ppb Au. Trench 07-E-1B returned an 8 metre interval averaging 159 ppb Au and a second 6 metre interval averaging 310 ppb Au. Trench 07-E-02A returned a 14 metre interval averaging 1014 ppb Au and included a 4 metre section averaging 3110 ppb Au. Trench 07-E-02B returned a 14 metre interval averaging 714 ppb Au. The results have been interpreted to represent a north trending gold-bearing structure that is at least 10 metres wide and 70 metres long where elevated gold-in-soil average 666 ppb Au.

Two trenches cross each other and are centred over Anomaly F. Trench 07-F-2A returned a 19 metre interval averaging 2993 ppb Au and included a 6 metre interval averaging 7356 ppb Au. Trench 07-F-2B returned an 18 metre interval averaging 905 ppb Au and a second 17 metre interval averaging 633 ppb Au. These results have been interpreted to represent another north trending gold-bearing structure that is at least 11 metre wide and 25 metre long with elevated gold-in-soil averaging 1976 ppb Au.

Collectively, this new data supports 3 strong north trending parallel anomalies, which will be followed up by trenching and drilling this year.

Stobart

Appleton was successful in finding two sub-parallel epithermal quartz veins on its Stobart property as reported in a news release dated January 7, 2008. A 2.0 kilometre by 1.7 kilometre soil grid, established over the Hamm vein area successfully identified four parallel northeast trending gold-in-soil anomalies, A through D, one of which appears to be the Rob vein. These anomalies range in length from 300 metres to 1100 metres, with three of them lying in a 600 metre by 800 metre area in the northwest corner of the grid.

Fame
The Fame property was originally explored in the late 1980’s, with four showings located along the + 2 kilometre Kelsch Lineament: Twilight, Discovery, Double D and Kelsch. Along with bleaching and silicification, drusy quartz veins and veinlets exhibiting typical epithermal textures were noted at these showings. Appleton bedrock chip sampling from 2006 and early 2007 returned values from 35 ppb to 160 ppb Au on the Double D zone and 845 ppb Au and 1650 ppb Au from the Kelsch zone.

The Company completed a small soil survey and eight excavator trenches, concentrating on the Kelsch and Double D zones. None of the three trenches in the Kelsch zone reached bedrock. Bedrock exposure ranged from 45% to 86% in the 5 Double D zone trenches. Bedrock consisted of weakly to strongly bleached, oxidized and silicified volcaniclastics. Local quartz pods and veinlets were encountered. All samples consist of 1 metre continuous bedrock chips. Values ranged from 15 to 810 ppb Au. A continuous 4 metre interval averaged 400 ppb Au in one trench. A continuous 5 metre interval averaged 460 ppb Au in another trench. The results suggest the presence of epithermal gold mineralization in the Double D zone. Further work is required to zero in on zones of stronger mineralization within the zone.

Appleton has 100% ownership of the Dora and Stobart properties, subject to a 1.5% NSR royalty. Appleton is earning an undivided 100% interest, subject to a 2.5% NSR, in the Fame 1-3 claims.

The 2007 Spences Bridge Gold Belt project was directed by Steve Butrenchuk, P.Geol., under the supervision of R. Tim Henneberry, P.Geo. Mr. Butrenchuk and Mr. Henneberry are both Qualified Persons as defined in National Instrument 43-101. All assaying was conducted by Eco Tech Laboratories Ltd. in Kamloops, British Columbia. QA/QC protocols including duplicates and standards were employed by Appleton.

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.

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.