TSX.V: CCC

Appleton Appoints Business and Financial Advisor

February 7, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. (TSX-V: AEX) has entered into a business and financial advisory services agreement with Forest Hill Partners Ltd., of the Fraser Valley, British Columbia, subject to acceptance for filing by the TSX Venture Exchange. Pursuant to the terms of the agreement, Forest Hill will act as a nonexclusive business and financial advisor to the Company for an initial three month period, renewable for further two month terms, at a fee for services of $2,500 per month. The agreement may be terminated by either party upon 30 days written notice.

Forest Hill Partners, Ltd. is an employee-owned investment and merchant banking firm based in the Fraser Valley. Specializing in providing growth finance to growth companies, Forest Hill is experienced in corporate finance, shareholder and management buyouts, mergers and acquisitions, recapitalizations, divestitures and other special situations.

Forest Hill will advise and assist Appleton in locating one or more brokers to provide market support; advise and assist in the procurement of an investor relations firm to work with the Company; advise and assist as required in the arrangement of financings;
provide the Company with strategic advice with respect to marketing of any transactions to investors; and assist with the drafting of documentation including press releases as required.

Appleton will pay Forest Hill a success fee equal to five percent of the gross proceeds of each financing completed by Appleton, which results from an introduction by Forest Hill within the term of the agreement or at any time within 24 months of termination of the agreement. In addition, Appleton will pay a procurement fee of $12,500 and grant 50,000 stock options to Forest Hill in the event that Appleton enters into an agreement with an investor relations firm, which has resulted from an introduction by Forest Hill.

 

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.