Apex Resources Inc V.APX

The Assay Results October 18th

[rich471]

Sultan Minerals Inc. (SUL-TSX-Venture) ("Sultan") is pleased to announce assay results from diamond drilling on its Kena Property located in southeastern British Columbia. Diamond drilling tested both high grade gold mineralization and porphyry style copper-gold mineralization. The gold mineralization was tested with six drill holes in three locations along a strong, 7-kilometre long structural corridor. Initial assay results have been received from five holes drilled at two of the three drill locations, stepped-out from prior drill holes that returned significant gold grades. The results confirm the presence of a high grade gold corridor that has now been intersected by wide spaced drilling and trenching over a 5.65 kilometre length.

The table below shows the previous, pending and new assay values from 13 drill holes and one trench, that have tested this gold bearing structural corridor. Assays are reported from north to south (see map).

GOLD ASSAY RESULTS FROM 7 KILOMETRE LONG STRUCTURAL CORRIDOR

HOLE #	NORTHING	EASTING	FROM (m)	TO (m)	WIDTH (m)	GOLD (g/t)
03TR-7*	23+35N	4+25W	TRENCH		2.00	66.83
03GM-65*	23+30N	4+05W	15.00	17.00	2.00	7.48
Including			16.00	17.00	1.00	14.66
10HG-02	21+25N	3+75W	46.50	48.50	2.00	1.34
02GM-62*	21+00N	3+98W	80.97	83.00	2.03	34.44
10HG-01	21+00N	3+75W	49.00	51.00	2.00	0.89
10HG-04	21+00N	3+75W	70.00	72.00	2.00	7.02
Including			71.10	72.00	0.90	13.10
10HG-03	20+75N	3+75W	55.50	57.50	2.00	4.06
01GM-20*	9+00N	0+75W	64.00	66.00	2.00	15.56
10HG-05	9+00N	0+75W	57.00	59.40	2.40	6.19
Including			58.35	59.40	1.05	9.94
10HG-05			REST	OF	HOLE	PENDING
03GM-71*	2+50N	0+10E	42.00	44.00	2.00	21.11
Including			43.00	44.00	1.00	40.66
02GM-53*	2+00N	0+26E	122.00	124.00	2.00	11.82
02SG-04*	33+15S	4+25E	54.00	56.00	2.00	12.63
10SG-05	33+10S	3+50E				PENDING
WEIGHTED	AVERAGE					15.65

* previously reported (see News Releases dated December 4, 2003 and January 9, 2002)

Sultan is very pleased with the continuous nature of the gold mineralization along this deep-seated structural corridor. As is common in high-grade gold deposits, values within the shear structure are consistently elevated, although grades vary widely. The average gold grade for these 14 intersections, within the mineralized structure, is 15.65 g/t over a minimum 2.00 metre mining width. These drill holes all lie along the same northwest-southeast trending structure lying to the west of the previously reported Gold Mountain and Kena Gold Zone deposits (for resource estimate see News Release dated June 7, 2004). This mineralized structure has been traced by geophysics over a 7-kilometre strike length. The three recent wide-spaced drill sites test 5.65 kilometres of the strike length but only to shallow depths. Sultan's consultants recommend that the next phase of drilling along this gold-bearing structure should focus on defining a resource along the northern 2.4 kilometres of this structure. This program will require infill drilling of 2 to 4 hole fans at 50 metre spacings along the length of the structure.

Assay results for half of drill hole 10HG-05 and for hole 10SG-05 are still pending. Hole 10SG-05, located 5.65 km south of hole 10HG-01, is a 75-metre step-out hole from previously reported hole 02SG-04. Holes 10SG-05 and 02SG-04 are located along the same deep-seated structural corridor as the other holes listed in the above table. Assays are pending for hole 10SG-05, but this hole intersected the same easily identifiable shear structure that assayed 12.63 g/t gold over 2.0 metres in Hole 02SG-04.

Two diamond drill holes have also been completed to test coincident large IP chargeability and copper soil geochemical anomalies, which reflect widespread copper-gold mineralization in the Kena Copper King Zone (see News Releases dated July 20 and September 8, 2010). Pending assay results for these two copper zone holes and the remaining gold target holes are anticipated within the next two weeks.

Linda Dandy, P. Geo., is the project supervisor and "Qualified Person" for the purpose of National Instrument 43-101, who has reviewed and verified the contents of this news release.

For further information on Sultan's projects, visit www.sultanminerals.com.

Arthur G. Troup, P. Eng., Geological
President and CEO

For further information please contact:
Marc Lee, Investor and Corporate Communications
Tel: [phone] Fax: [phone] Toll Free: 1-888-267-1400
Email: [e-mail] or [e-mail]