TSX.V: CCC

Appleton Assigns Manalo Interest to Northrock Resources Inc. And Grants Stock Options

September  26, 2011 - Vancouver, British Columbia.    Appleton Exploration Inc. (TSX-V: AEX) (the "Company") announces that it has entered into an assignment agreement with Northrock Resources Inc. for the Manalo gold project in the Republic of Mali, West Africa. Appleton has agreed to assign its interest in Manalo to Northrock for US$250,000 and 1,000,000 shares of Northrock Resources Inc., subject to approval of the TSX Venture Exchange.

Appleton continues to aggressively pursue additional opportunities.

In an unrelated matter, the Company has granted 200,000 stock options to a director of the Company. The options, which are subject to the terms and conditions of the Company's stock option plan, are exercisable prior to September 26, 2016, at an exercise price of $0.10 per share.

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

 


 

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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.