An oval-tracked exercise apparatus is provided which includes a main frame having a pair of connecting arms in a hinge joint with a traverse support. The traverse support is coupled with a mechanical system in a pivotal connection with a pair of planks. A resisting rotating mechanism is attached to an opposing end of the respective plank. Besides, an adjusting assembly is provided for adjusting the height of the traverse support. The resisting rotating mechanism formed by a flywheel, a belt wheel or a resistance mechanism includes a continually bent crank and is rotatably mounted on side walls of a base of the resisting rotating mechanism. Accordingly, both handles are synchronically movable with respective planks for simulating a climbing action and an oval exercise track. Moreover, a simulation of a movement on uphill, downhill and flat surfaces can be achieved. Furthermore, a reduction of the distance between both planks is also attainable.