Apollo Resources International Announces Revenue Sharing Agreement.

DALLAS -- Apollo Resources International, Inc. (OTCBB:PWBL) previously announced on Friday, January 14 that the Company had signed a letter of intent to acquire OGC Pipeline. OGC owns a series of pipeline segments located in Oklahoma, most of which are concentrated in the northeastern and south-central areas of the state, and some of which extend into areas of north Texas. Apollo anticipates closing this transaction within the next two weeks.

Apollo plans to utilize the pipeline assets to gather natural gas, develop gas production in adjoining areas along the pipelines, and develop other opportunities within certain segments of the approximately 1800 miles of right-of-ways to be acquired upon completion of the OGC acquisition.

In anticipation of the OGC acquisition, Apollo announced today that OGC has entered into a Revenue Sharing Agreement with Cimarron Transportation, LLC, a Texas-based natural gas gathering company which owns over 3,000 miles of pipelines. Cimarron will be responsible for reactivating, operating and maintaining approximately 150 miles of the OGC pipelines to be acquired by Apollo, and Cimarron will also be responsible for purchasing, gathering and marketing natural gas on behalf of itself and Apollo upon closing of the Apollo/OGC transaction.

Cliff Stover, President and CEO of Cimarron, said, "This Agreement allows both companies to jointly increase their capacity, value, and asset position through the synergies of our long term relationship."

Apollo's President and CEO Dennis McLaughlin, in explaining the benefits of working with Cimarron and OGC, said that, "The fastest and most cost-effective way to generate sales revenue was to team up with Cimarron because of its local knowledge and gas gathering experience. We anticipate having gas production running through our pipelines within 60 to 90 days. We believe that joint ventures such as this are very much in the best interest of our shareholders and we look forward to a mutually profitable relationship with Cimarron."

Apollo Resources International is a public energy company focused on the acquisition and development of upstream oil & natural gas production assets. Additionally, the Company will evaluate existing and future alternative energy sources.

This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.