Golden Apple Oil and Gas, Inc Shareholder Update Re SEC Suspension Order

TORONTO, April 18  /PRNewswire-FirstCall/ -- On April 7, 2006, the Securities and Exchange Commission (the "SEC") temporarily suspended trading of Golden Apple Oil & Gas, Inc. (the "Company"). It has been indicated to the Company that concerns have arisen regarding the Company due to overwhelming amount of unsolicited e-mails containing information about the Company. The Company has never at any time authorized or would authorize the use of unsolicited e-mails to publicize the Company's stock or events.

For a period of what we can determine to be just over two months, an unidentified third party(s) unrelated to the Company has been sending out e-mails touting the Company's stock or reciting new releases from the Company. The Company has investigated as many instances of the unsolicited e-mails as possible. To date, we have determined that at least 30 different ISPs from several different countries have been used to send the e-mails. There has been no success, however, in identifying a probable sender.

At this time, the Company is doing everything in its power to address concerns raised from individuals who have received the e-mails or hold stock in the Company. Additionally, the Company is actively seeking ways to identify the perpetrators and put a stop to the e-mails. We are anticipating that the suspension will be lifted at 11:59 p.m. on April 21, 2006. We are hopeful that through this temporary suspension and with the assistance of the SEC the problem will be resolved. 

DATASOURCE: Golden Apple Oil and Gas, Inc.



CONTACT: Golden Apple Oil and Gas, Inc, http://www.goldenappleoil.com/, Jay H.

Budd, President and CEO, 

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