APOLLO SILVER CORP - APGOF STOCK NEWS

Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF) has announced a further increase in its non-brokered private placement due to significant interest. The company will now offer up to 67,500,000 common shares at a price of $0.20 per share, aiming to raise aggregate gross proceeds of up to $13,500,000. The net proceeds will be used to advance the Calico Silver Project in California, invest in community relations at the newly optioned Cinco de Mayo Silver Project in Mexico, cover ongoing property maintenance costs, and for general corporate purposes. The offering is subject to TSX Venture Exchange approval, and all securities issued will have a four-month hold period from the closing date.

Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) has announced an upsizing of its non-brokered private placement due to significant interest. The company will now offer up to 60,000,000 common shares at a price of $0.20 per share, for aggregate gross proceeds of up to $12,000,000. The net proceeds will be used to:

• Advance the Calico Silver Project in California
• Invest in community relations initiatives at the newly optioned Cinco de Mayo Silver Project in Mexico
• Cover ongoing property maintenance costs at both projects
• General corporate purposes

The shares will be subject to a four-month hold period from the closing date. Finder's fees may be payable on a portion of the funds. The offering's closing remains subject to TSX Venture Exchange approval.

Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF) has announced a non-brokered private placement offering of up to 50,000,000 shares at $0.20 per share, aiming to raise $10 million. The proceeds will be used to advance the Calico Silver Project in California, invest in community relations at the newly optioned Cinco de Mayo Silver Project in Mexico, and for general corporate purposes.

Following the offering, the company plans a 5:1 share consolidation, reducing the expected 224,693,729 shares to approximately 44,938,746. Additionally, Apollo Silver has appointed Alex Tsakumis to its Board of Directors and Amandip Singh as Vice President of Corporate Development, strengthening its leadership team with experienced mining industry professionals.

Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF) has entered into an option agreement with MAG Silver Corp. to acquire the Cinco de Mayo Project in Chihuahua, Mexico. The project comprises 29 concessions totaling approximately 25,000 hectares and hosts carbonate replacement type deposits, including the Upper Manto Pb-Zn-Ag (Au) deposit and the Pozo Seco Mo-Au deposit.

Key points:

• Historical inferred resource for Upper Manto: 12.45 million tonnes at 132 g/t Ag, 2.86% Pb, 6.47% Zn, 0.24 g/t Au
• Pozo Seco historical indicated resource: 29.1 million tonnes at 0.147% Mo and 0.25 g/t Au
• Apollo Silver must obtain necessary licensing and complete 20,000 m of exploratory drilling within five years
• Upon exercise of the option, Apollo will issue shares to MAG equivalent to 19.9% of the company

Apollo Silver Corp. reported the results of its Annual General Meeting held on June 28, 2024. Shareholders approved the election of all four director nominees: Andrew Bowering, Steven Thomas, Jocelyn Thompson, and Collette Brown-Rodriguez, with over 99% of votes in favor. Davidson & Company LLP was re-appointed as auditors, also with over 99% approval. The Company's employee Share Option Plan was supported with a 99.88% approval rate.

Additionally, a management change was announced with the retirement of CEO Tom Peregoodoff. Chairman Andrew Bowering has been appointed as Interim President and CEO, effective July 1, 2024, while the company searches for a permanent replacement.

Apollo Silver Corp. (APGOF) receives Conditional Temporary Use Permit for drilling activities at Waterloo Silver-Barite Property and completes barite analysis test program. Results to be used for maiden barite resource estimate. Vice President, Exploration and Resource Development, Cathy Fitzgerald, to step down.

Apollo Silver Corp. provides an operational and corporate update on its Calico Silver Project, highlighting the production of high-quality barite concentrate and its significance in the energy industry. The company aims to include barite in a 2024 resource update and has made significant progress in testing, analysis, and mineral inventory. However, the company has decided to terminate the Arizona Silver District Option to Purchase Agreement, reflecting a cautious approach in the volatile junior mining market.

Apollo Silver Corp. (APGO) Reports Retirement of President and CEO Tom Peregoodoff, Board Begins Succession Process