PHOENIX, AZ, Feb. 17 /PRNewswire-FirstCall/ -- Golden Apple Oil and Gas, Inc (OTC Pink Sheets: GAPJ.pk) is pleased to announce that the company has signed a definitive agreement to acquire additional permit rights defined as: The Sawyerville Prospect. The property is located SE of the Cookshire prospect and has an area of 1831 hectares, Permit No. 2003PG757. The Cookshire gas exploration property of Lumincos Corp. of Calgary is in an active oil & gas exploration area in the SE Saint Lawrence Lowlands basin, located in the Sherbrooke area in Southern Quebec. Talisman energy has some 20-40 MMCFD producer gas wells in New York State along trend to the SW in Northern NY state, in deep 1/2 graben step downs in the S edge of the Saint Lawrence Lowlands block. The gas potential of The Saint Lawrence Lowland shale gas reservoirs is thus becoming a highly viable exploration bet, with Talisman's deep graben gas Southwest along basin trend across the border in NY state, and the small (now depleted) Saint Flavien gas field, just SW of Quebec, City serving as indications of the Basin's potential. Further to the company's news release dated January 13, 2006, the original financing for $100,000.00 is complete, and an additional $100,000.00 is committed. Details regarding the identity of the Investors will be released in the coming days, pending approval by the Investors attorney's. Headquartered in Phoenix, Arizona, Golden Apple is an independent oil and gas producer with a focus on North and South American properties. The Company applies advanced technologies to systematically explore and develop its oil and natural gas opportunities. Golden Apple focuses its activities where technology can be used effectively to maximize returns on invested capital by reducing drilling risk and enhancing its ability to cost-effectively grow reserves and production volumes. This media release may contain forward-looking statements regarding, but not limited to, management, market potential, distributor success, market size, international sales, marketing, future events and performance of the Company which involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release. DATASOURCE: Golden Apple Oil and Gas, Inc. CONTACT: Jay H. Budd, President and CEO, ; Investor Relations, (602) 346-5114,

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