Apex has identified up to 8 drilling locations on these lands pending further geological study.

Apex has acquired an additional 800 acres within its SW Saskatchewan Bakken oil play area. This brings Apex’s acreage in potential Bakken bearing lands to 2,240 acres of 100% working interest lands. Licensing has begun on its first well on these lands with potential Viking and Bakken heavy oil production.

Also, Apex expects to spud its Alberta Pakowki Section 13 prospect within a week, pending cooperative weather.

At the Apex Annual General Meeting Held on June 16, all resolutions were passed, including changing the Corporation’s name to Traxion Energy Inc., pending TSX approval, expected within two weeks.

Apex is a Calgary, Alberta based Corporation engaged in the exploration, development and production of petroleum and natural gas. The Corporation’s common shares are listed on the TSX Venture Exchange under the trading symbol ‘AAX’.