Mr. Andrew Bowering reports

APOLLO SILVER ANNOUNCES FURTHER UPSIZING OF PRIVATE PLACEMENT

Due to significant interest, Apollo Silver Corp. has elected to further increase the size of its non-brokered private placement and will offer up to 67.5 million common shares of the company at a price of 20 cents per share for aggregate gross proceeds of up to $13.5-million.

All securities issued in connection with the offering will be subject to a four-month hold period from the date of closing. Finders' fees may be payable on a portion of the funds in accordance with the policies of the TSX Venture Exchange. The company intends on using the net proceeds from the offering to continue advancing the Calico silver project in San Bernardino in California, to invest in community relations initiatives at its newly optioned Cinco de Mayo silver project in Chihuahua, Mexico (see news release dated Sept. 23, 2024), for continuing property maintenance costs at both projects and for general corporate purposes.

Closing of the offering remains subject to approval of the TSX Venture Exchange.

About Apollo Silver Corp.

Apollo Silver has assembled an experienced and technically strong leadership team which has joined to advance world-class precious metal projects in Tier 1 jurisdictions. The company is focused on advancing its portfolio of two significant silver exploration and resource development projects, the Calico project, in San Bernardino county, California, and the Cinco de Mayo project, in Chihuahua, Mexico.

We seek Safe Harbor.