Apollo Resources International Subsidiary Completes Stock Purchase of Hydrogen Fuel Technologies Company

DALLAS--May 4, 2005--Apollo Alternative Fuels Company, LLC, a wholly-owned subsidiary of Apollo Resources International, Inc. (OTCBB:AOOR), today announced that it has completed a stock purchase agreement with Energy Ventures Organization, Inc., a Nevada based company committed to the advancement of zero pollution energy through its Zero Pollution Energy Solutions (ZPES). Under the agreement, Apollo Alternative Fuels owns 50% of the stock in Energy Ventures, a pioneer in the fast growing hydrogen fuels industry.

Hydrogen fuel technologies are one of the areas of focus in recent alternative fuels initiatives in the United States. The Bush Administration has completed a number of high-level hydrogen industrial road mapping sessions at the U.S. Department of Energy and has launched a hydrogen-fueled "Freedom Car" program to replace the Clinton Administration's fuel efficiency improvement efforts. Hydrogen fuel technologies are currently being developed for automobiles, with California Governor Arnold Schwarzenegger leading the way with his hydrogen-powered Hummer vehicle. In some areas of the US, commercial buildings have been modified to be powered by hydrogen power plants, and hydrogen power units are producing electricity in various other commercial applications such as research labs and computer power backup units.

Energy Ventures Organization, Inc. (www.energyventures.org), specializing in Zero Pollution Energy Solutions (ZPES) through its investments in technology advancements and through its Research & Development program, has developed a hydrogen producing prototype. With the collaboration of Apollo Alternative Fuels Company and their existing technology, Energy Ventures will now focus on continued R&D to produce an up-scaled unit that will provide the energy requirements to power a standard household on a daily basis along with enough fuel to operate the family automobile.

Apollo Resources International (www.apolloresources.com) 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.