TSX.V: CCC

Appleton Discovers New Mineralized Zone at Sirabada, Manalo Gold Project

October 26, 2010.  Vancouver, British Columbia. Appleton Exploration Inc. (AEX - TSX.V) is pleased to announce the discovery of a new mineralized zone (Hilltop Structure) during recent aircore (AC) drilling at the Sirabada Prospect on the Manalo Gold Project.

Highlights include:

  • 0.88 grams per tonne (g/t) gold over 10 metres in MSAC-10-009
  • 2.29 g/t gold over the bottom 4 metres in MSAC-10-019
  • Up-dip extension of mineralization in MSAC-10-020 displays 2 intervals (Table 1).
  • Drill holes MSAC-10-009 and 019/020 are 220 metres apart along strike.
  • The new trend lies 200 metres west of and parallel to the main Sirabada structure.
  • Sirabada hosts an extensive hard rock artisanal mine site, covering an area more than 200 x 400 metres

Table 1           Highlights from Hilltop Structure

Drill Hole

From

(m)

To

(m)

Length

(m)

Au g/t

MSAC-10-009

0

10

10

0.88

MSAC-10-019

55

59

4

2.29

MSAC-10-020

6

14

8

0.77

and

24

33

9

0.79

All reported assays are by screen metallics method.

Aircore drilling tested several targets on the Sirabada and Mansaya Prospects.  At Sirabada, 34 drill holes totalling 2103 metres cut 3 fences across the western side of the extensive soil geochemical anomaly.  Five holes also tested under the main Sirabada structure, returning several low-grade intervals (see Table 2).

Table 2           Highlights from Sirabada Main Structure

Drill Hole

From

(m)

To

(m)

Length

(m)

Au g/t

MSB-10-022

31

33

2

0.96

and

57

63

6

0.30

MSB-10-023

39

45

6

0.73

and

65

68

3

0.80

All reported assays are by screen metallics method.

At Mansaya, 52 aircore drill holes totalling 1784 metres were completed in 3 fences across a broad soil geochemical anomaly.  Results are pending.

Dialafara Southern Segment

The 2009/10 drill campaign on the Dialafara Southern Segment returned numerous significant intervals.  Recent re-interpretation of those results and the host structures suggests that mineralization is controlled by a series of northeast-trending extension veins intersecting a northwest-trending contact between a coarse sandstone unit and fine mudstone units.  These structural intersections host long intervals of gold mineralization perhaps in an en echelon and stacked arrangement.  Table 3 highlights the previously released results from the Dialafara Southern Segment.

Table 3           Highlights from Dialafara Southern Segment

Drill Hole

From

(m)

To

(m)

Length

(m)

Au g/t

MDL-07-001

71.0

80.0

9.0

*9.57

MDL-07-002

87.0

93.0

6.0

*29.07

MDL-07-011

53.0

66.0

13.0

*2.43

MDL-09-053

39.0

51.0

12.0

0.55

MDL-09-054

37.0

54.0

17.0

0.95

MDL-09-058

14.0

26.0

12.0

0.89

MDL-09-068

86.0

112.0

26.0

0.51

MDL-09-072

60.0

73.0

13.0

0.44

MDL-09-073

68.0

82.0

14.0

2.06

and

93.0

124.0

31.0

3.76

MDL-10-086

47.0

108.0

61.0

0.95

MDL-10-088

93.0

119.0

26.0

1.04

MDL-10-089

64.0

76.0

12.0

1.03

MDL-10-097

51.0

65.0

14.0

0.68

MDL-09-099

27.0

80.0

53.0

1.62

MDL-10-108

70.0

72.0

2.0

4.01

MDL-10-110

108.0

118.0

10.0

3.68

*   Assayed by 30g FA/AA finish

All samples were initially analyzed by 50 gram fire assay.  Samples identified in potentially mineralized zones or than returned anomalous (>0.10 g/t) gold values were re-assayed by screen metallics analysis.  Previous work suggests that Manalo hosts moderate coarse gold.

Quality Control and Assurance

The widths and grades reported are drill intercept widths and may not represent the true width of mineralization.  Individual gold assays have not been cut but high grade samples have been separately reported in the table above.  Samples are reverse circulation cuttings collected using a cyclone in 1 metre intervals that are riffle split at the drill site. All samples are assayed by fire assay (50 gram charge).  Zones of quartz veining and limonite were submitted for check assays by the screen metallic method in order identify the presence and significance of coarse gold in samples. The primary laboratory is ALS Chemex in Bamako, an ISO 17025 certified laboratory. Standard, blank, and duplicate samples were inserted throughout the sample sequence as quality control checks.  Both Christopher J. Wild, P.Eng. and Paul Cowley, P.Geo., director of Appleton, are qualified persons for the drilling campaign.

About Mali

Mali is the fastest grow ing gold produc ing country in Africa. Production in 2007 amounted to 2 million ounces of gold making Mali Africa's third-largest gold producer after South Africa and Ghana. AngloGold Ashanti Limited, one of the largest gold mining companies in the world, has interests in three operating mines in Mali: Sadiola, Yatela and Morila.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

For Investor Relations Information contact:

Tim Henneberry:  (604) 694-0741

Contact Financial Corp.

604.689.7422 Toll Free 1.877.689.7411

Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

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