Apex Adds to Land Position in Saskatchewan and Provides Operations Update

Apex Capital Corp. ('Apex' or the 'Corporation') (TSX VENTURE:AAX) is pleased to
provide the following operations and production update.


Apex has acquired an additional 1440 acres of land in SW Saskatchewan as part of
its ongoing strategy to expand its land base in Saskatchewan while providing
better opportunities for oil production. This prospective land contains up to
two potential oil bearing zones at medium depths, as suggested by offset well
production. The Corporation has initiated licensing for the first of potentially
4 to 8 locations.


The two Pakowki wells in Alberta have been delayed by surface landowner issues.
The first Pakowki well planned has been licensed, but winter breakup had
prevented moving of the rig for the first location. An application to continue
the mineral rights has been filed with Alberta DOE as the mineral rights had
expired. The second Pakowki well planned has been delayed by surface owner
objections.


Apex continues to produce its Granlea 6-29 well at approximately 500 mcf/d (187
mcf/d 31 BOE net).


Apex is a Calgary, Alberta based Corporation engaged in the exploration,
development and production of petroleum and natural gas. The Corporation's
common shares are listed on the TSX Venture Exchange under the trading symbol
'AAX'.


Certain statements contained herein constitute forward-looking statements. The
Corporation has adopted the standard of 6 Mcf:1 BOE when converting natural gas
to BOE. BOEs may be misleading, particularly if used in isolation. A BOE
conversion ratio of 6 Mcf:1 BOE is based on an energy equivalency conversion
method primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead.

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