AEX AEX Gold Inc

Appleton Exploration Inc. (the "Company") (TSX VENTURE:AEX) announces that at
its annual general meeting of shareholders scheduled to be held on Tuesday, July
19, 2011 (the "Meeting"), the Company will be seeking shareholder approval for a
resolution authorizing the board of directors, at their discretion, to
consolidate the Company's common shares on a basis up to 5 pre-consolidation
shares to 1 post consolidation share, the final ratio to also be determined by
the directors. The board of directors believes that it may be in the best
interests of the Company to consolidate its share capital in order to provide
increased flexibility in seeking additional financing opportunities, pursuing
strategic business acquisitions, and to improve the market's perception of the
Company. The directors also believe it is in the best interests of the Company
for the board to have the flexibility in effecting such a consolidation on the
basis of up to five (5) pre-consolidation for one (1) post-consolidation common
share. Completion of the consolidation is subject to the approval of the
Company's shareholders by ordinary resolution at the Meeting as well as approval
of the TSX Venture Exchange. There is currently an aggregate of 49,357,671
common shares issued and outstanding. It is expected, that upon completion of a
5 for 1 consolidation, there would be an aggregate of approximately 9,871,534
common shares issued and outstanding. If a consolidation is ultimately
implemented, the Company will not be changing its name.


On Behalf of the Board of Directors,

R.Tim Henneberry, P.Geo., President and CEO

Forward-Looking Statements

This press release contains forward-looking statements. All statements, other
than statements of historical fact, constitute "forward-looking statements" and
include any information that addresses activities, events or developments that
the Company believes, expects or anticipates will or may occur in the future
including the Company's strategy, plans or future financial or operating
performance and other statements that express management's expectations or
estimates of future performance.


Forward-looking statements are generally identifiable by the use of the words
"may", "will", "should", "continue", "expect", "anticipate", "estimate",
"believe", "intend", "plan" or "project" or the negative of these words or other
variations on these words or comparable terminology. All such forward-looking
information and statements are based on certain assumptions and analyses made by
the Company's management in light of their experience and perception of
historical trends, current conditions and expected future developments, as well
as other factors management believes are appropriate in the circumstances. These
statements, however, are subject to known and unknown risks, uncertainties and
other factors that may cause the actual activity, of the Company to be
materially different from those expressed, implied by or projected in the
forward-looking information or statements. Important factors that could cause
actual results to differ from these forward-looking statements include but are
not limited to: risks related to the potential development of the Company's
projects, risks related to international operations, the actual results of
current exploration activities, conclusions of economic evaluations, changes in
plans as they continue to be refined, future prices of gold, as well as various
other factors discussed in the sections relating to risk factors of the Company
set out in the Company's MD&A filed on SEDAR.


There can be no assurance that any forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader should not place any
undue reliance on forward-looking information or statements. Except as required
by law, the Company does not intend to revise or update these forward-looking
statements after the date of this document or to revise them to reflect the
occurrence of future unanticipated events.

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