Mr. Andrew Bowering reports

APOLLO SILVER APPOINTS ROSS MCELROY AS PRESIDENT AND CEO

Apollo Silver Corp. has appointed Ross McElroy as president and chief executive officer, effective immediately, succeeding Andrew Bowering, who will remain as chair of the board.

Mr. McElroy joins Apollo following the successful acquisition of Fission Uranium, a company he co-founded and eventually led as chief executive officer, by Paladin Energy in a $1.14-billion transaction.

Mr. McElroy is a professional geologist with over 38 years of mining industry experience, both in operational and corporate roles, having worked with major, mid-tier and junior mining and exploration companies. His extensive international background spans from grassroots exploration to development to mining operations. He has played a key role in the discoveries of numerous world-class uranium and gold orebodies, several of which have been advanced to development and mining operations. His accomplishments have earned widespread recognition, including being named The Northern Miner's Mining Person of the Year (2013), and receiving the PDAC's (Prospectors & Developers Association of Canada) prestigious Bill Dennis Award (2014).

Mr. McElroy holds a bachelor of science with a specialization in geology from the University of Alberta and is a registered professional geologist in Saskatchewan, British Columbia, Nunavut and the Northwest Territories.

"I am excited to be joining Apollo as its new president and chief executive officer at such a pivotal time in the company's growth and development," said Mr. McElroy. "Apollo is backed by a strong portfolio of silver assets and a highly capable team with a proven track record. I'm eager to build on that foundation and drive the company toward its next phase of growth. I see a major opportunity to unlock significant value for shareholders as the company advances towards becoming a leading silver developer in the Americas."

Mr. Bowering added: "I am looking forward to working closely with Ross. Our ability to attract someone with Ross's expertise, energy and track record of value creation speaks volumes about the opportunity at Apollo. I believe he will have a transformative impact on the company's future and all stakeholders will benefit greatly."

Grant of options

In connection with his appointment, Mr. McElroy has been granted an aggregate of 2.5 million incentive stock options pursuant to the company's omnibus incentive plan. The options are exercisable at a price of 31.5 cents per common share; have a term of five years; and will vest over a 24-month period: one-third on the grant date, one-third after 12 months and the balance after 24 months.

About Apollo Silver Corp.

Apollo has assembled an experienced and technically strong leadership team to advance quality precious metals projects in sought-after jurisdictions. The company is focused on advancing its portfolio of two prospective 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.