Alpine Air Express Locks-Up Its Fuel Prices For 2007.

PROVO, Utah -- Alpine Air Express, Inc. (OTCBB:APNX), the third largest regional cargo airline and transportation logistics company in the US, with a fleet of 27 airplanes and annual sales of $20M+, announced that the Company has locked-up its fuel prices for the remainder of 2007.

According to Alpine management, fixed fuel costs are incredibly important for the following reasons:

* Fixing the cost of Alpine's fuel could add over one million dollars to the Company's profits, based on last year's costs.

* Fixing the cost of fuel reduces risk associated with natural disasters and unrest in the Middle East.

* Reducing a highly volatile expense significantly reduces market risk, which should increase shareholder confidence.

* Alpine was able to lock in its fuel cost when oil was trading at a lower price per barrel, as opposed to current and historic levels, which are significantly higher.

Gene Mallette, CEO of Alpine Air commented: "We are excited to have locked-up our fuel prices for 2007. Fuel is such a substantial component of our operating cost; every penny we save increases our Company profits nearly $12,000 per year. With the cost of fuel possibly varying by more than a dollar per gallon, our ability to lock-up a rate at this low point, for virtually all of our fuel, may allow our shareholders to enjoy over one million dollars in additional retained earnings. It also reduces the cost volatility we experienced in recent years with natural disasters and other factors such as Middle East unrest that disrupted fuel supplies, and caused our fuel costs to increase."

Founded in 1975, Alpine Air, a wholly owned subsidiary of Alpine Air Express Inc., provides competitively priced scheduled air cargo flights throughout the western and southwestern United States. The Company has an established client base that includes various contract operations and the U.S. Postal Service. Alpine Air provides superior "on time" performance and reliability, together with the flexibility to adapt quickly to the growing frequency and capacity requirements of its clients.

This press release may contain forward-looking statements including the Company's beliefs about its business prospects and future results of operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, realization of U.S.P.S. projected volumes, changes in anticipated earnings of the company and other factors detailed in the company's filings with the SEC. In addition, the factors underlying Company forecasts are dynamic and subject to change and therefore those forecasts speak only as of the date they are given. The Company does not undertake to update them; however, it may choose from time to time to update them and if it should do so, it will disseminate the updates to the investing public.