Apollo Resources International Concludes Acquisition of Russian Oil Production Company.

DALLAS -- Apollo Resources International, Inc. (OTCBB:AOOR), following its on-site field inspection last week in Kaliningrad, Russia, today announced that it has finalized the acquisition of a 90% interest in the Russian oil production company, Kaliningradneft, through its wholly owned subsidiary, Apollo Eurasia, Inc.

Kaliningradneft holds an exclusive exploration and production license from the Russian government that covers approximately 300 square kilometers in the Kaliningrad region, where the company has been producing approximately 30,000 barrels of oil per month to fulfill annual European Union purchase contracts.

"I believe the growth potential for Apollo is enormous," stated its CEO, Dennis McLaughlin, upon returning with the due diligence team from Russia. "The company we acquired has government-certified recoverable reserves of 4.32 million barrels of oil, and is a well run operation. I am very pleased."

The Chairman of Kaliningradneft, Vladimir Kovalski, said, "We look forward to a productive merger of industry expertise and local knowledge. I believe Apollo's technical input will help accelerate our annual drilling programs. The Tengry Group, our management consultants for the past two years, provided invaluable assistance in properly preparing Kaliningradneft for the deal with our new western partner," he added.

Head of Apollo operations, Wayne McPherson, said, "Kaliningradneft is an impressive oil production operation. I believe there are great opportunities to work with our new Russian counterparts to enhance the fine job they are doing in the Kaliningrad oil field. We expect to increase the overall production by implementing a more aggressive drilling program."

Mr. McPherson worked 14 years for ExxonMobil. He has varied oilfield experience including production superintendent, surface facilities engineering, and down-hole drilling engineering. He joined Apollo Resources International as its Chief Operating Officer in December of 2004.

Apollo Resources International is a public energy company focused on the acquisition and development of upstream oil & natural gas production assets. Additionally, the Company evaluates and develops 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.