The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement for Apogee Silver Ltd. announced April 6, 2011:

Number of shares:  89.4 million shares

Purchase price:  28 cents per share

Hidden placees:  157

Pro groups:  Ian Wallace 180,000; Ida Khajadourian 50,000; Kelly Gairdner 180,000; Alex Wong 120,000; David Franklin 142,857; Shaun Chin 50,000; Li Zhu 50,000; Larry Ullman 90,000

Agent's fee:  A total of $1,501,902, plus 5,364,000 broker warrants (each warrant exercisable into one common share at a price of 28 cents for a period of 18 months), are payable to National Bank Financial Inc., Fraser Mackenzie Ltd., Desjardins Securities Inc., Jennings Capital Inc., Union Securities Ltd. and Pope & Co. Ltd.