November 14, 2008 - Vancouver, British Columbia. Appleton Exploration Inc. (TSX-V : AEX) reports that it has granted 620,000 stock options to directors, officers, and consultants of the Company, at an exercise price of $0.20 per share, expiring on November 14, 2013, subject to the terms and conditions of the Company’s stock option plan.

Further to the Company’s news release dated September 26, 2008 announcing the closing of the sale of 5,025,000 units of the Company, which comprised the first tranche of a brokered private placement with Canaccord Capital Corpo ration of up to 10,000,000 units at $0.20 per unit, the Company reports that there will be no additional closings.

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:
Contact Financial Corp.
604.689.7422 | Toll Free 1.877.689.7411

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 f or the adequacy or accuracy of this release.