Salt Lake City, Utah – February 13, 2008 – Apex Resources Group, Inc. (OTC BB:APXR) Announces Tightening Oil Supplies And Bidding Competitions For Leases In The Arctic Has Increased The Value Of Apex Resources Group Inc. Interest In The Itiyok Well Sparking A Ground Floor Investment Opportunity.

In 2005, the U.S. National Commission on Energy Policy report, warned that a fairly minor disruption to world oil supplies would create a 177 per cent price spike. If the U.S. ever bombs Iran and the Strait of Hormuz is closed, global supply could be cut by one-fifth, or 17 million barrels a day. Currently, Canada exports 67 per cent of its oil to the U.S. Before the North American Free Trade Agreement, 30 per cent of Canada's oil was exported to the U.S. NAFTA has more than doubled Canada's oil exports south.

 According to the U.S. Department of Energy predictions, peak oil demand is coming fast and is expected no later than 2010. The drop-off in supply will be steep and rapid, potentially throwing the world into crisis upon any war, terrorist attack or natural disaster. "Government intervention will be required, otherwise economic and social implications would be too chaotic," according to the USDE.

Meanwhile Royal Dutch Shell expands Alaska exploration portfolio, by being the high bidder for leases in the Chukchi Sea off Alaska’s northwest shore, with estimates by the Federal Agency, to contains 15 billion barrels of conventionally recoverable oil and 77 trillion cubic feet of conventionally recoverable natural gas in the area.

 Seven companies offered bids totaling nearly U$3.4 billion for leases in the Chukchi Sea off Alaska’s northwest shore. High bids added up to nearly U$2.7 billion on 2.76 million acres. ConocoPhillips, competed with Shell, submitted 98 high bids adding up to U$506 million. ConocoPhillips was unsuccessful on 47 tracts for which it bid $593.6 million. Shell was unsuccessful on 27 tracts for which it had bid another U$82 million. Shell, submitted 275 high bids, adding up to UU$2.1 billion. Shell bid $105 million for one tract, which worked out to be $18,497 an acre.

Shell’s vice president for exploration for the Americas, Annell Bay, said the lease sale was an opportunity to move into an undeveloped region that could help meet an increasing demand for energy. “There are not many areas like this in the United States,” according to Ms. Bay.

“Regardless of the current high oil & gas prices, the North American and World wide demand is not decreasing but continuing to increase. The increasing demand with tightening oil supply, adds pressure to start producing more from the Arctic, which is apparent with the recent bidding competitions by the majors for Alaska leases. Conclusively this increases the value of Apex Resources Group Inc. interest in the Itiyok Well, "offering a ground floor investment opportunity to be part of a big upcoming oil play, with mostly upside potential”, stated President John Ray Rask.

APEX RESOURCES GROUP INC. PROVEN, PROBABLE & POSSIBLE GAS & OIL RESERVES IN THE ITIYOK I-27 SDL #55 IN THE BEAUFORT SEA:

ITIYOK I-27 WELL (SDL #55) PARTNERS IN ORDER OF HIGHEST %:

IMPERIAL OIL RESOURCES VENTURES                                 58.67312    %

DEVON ARL CORPORATION                                                     14.72          %

PETRO - CANADA                                                                         14.20          %

APEX RESOURCES GROUP INC.                                                3.745        %

CONOCOPHILLIPS CANADA RESOURCES CORP.                 3.003        %

CANALANDS RESOURCES                                                          2.255734  %

CANADIAN NATURAL RESOURCES LIMITED                           1.23445    %

CANADIAN FOREST OIL LTD.                                                      1.084348  %

677862 ALBERTA LTD                                                                   1.084348  %

The Itiyok I-27 Well (SDL#55) was originally drilled in 1983, at a total cost of CAD$85 million. A review of Well data and geological prognosis indicates that a 640 acre area would contain proven recoverable gas reserves of 108 Bscf and proven recoverable oil reserves of 8,976 MSTB, with Apex Resources Group Inc. 3.745 % working interest net reserves of 4.04 Bscf and 336 MSTB.

Seismic data indicates a structure closure of approximately 40 square KM with a gross potential reserve of 1.16 TCF and 160 MMSTB (Apex 3.745 % working interest net – 34 Bscf and 4.7 MMSTB). The lands in which the Apex Resources Group Inc. owns an interest comprised of 21.54 square KM containing gross potential reserves of 625 Bscf of gas and 86 MMSTB of oil Apex 3.745 % working interest net - 23.4 Bscf of gas and 3.2 MMSTB of oil). Values of proven, probable and possible gas and oil reserves, of Apex 3.745 % working interests, as per Citadel Engineering report, have been published in previous news releases.

By the Board of Directors,

John Ray Rask

President

Apex Resources Group, Inc.

www.ApexResourcesGroup.com

The foregoing contains forward-looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, such words a "may", "will", "believes", "anticipates", "estimates", "continue", or comparable terminology intends to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors, including, but not limited to, the successful negotiation and execution of the definitive acquisition agreement and receipt of certain exhibits and schedules requested by Apex Resources Group, Inc.