Mr. Ross McElroy reportsr

APOLLO SILVER ENGAGES CDMG FOR MARKETING SERVICES

Apollo Silver Corp. has engaged Creative Direct Marketing Group Inc. (CDMG), an arm's-length service provider, to provide marketing and advertising services for an aggregate total of $1,620,357 (U.S.), payable in tranches, in accordance with the policies of the TSX Venture Exchange and applicable securities laws. Based in Nashville, Tenn., CDMG specializes in marketing, advertising and public awareness across various sectors, including mining and metals.

Pursuant to a work order dated May 16, 2025, the company initially engaged CDMG to develop creative content for potential marketing and advertising campaigns. The company has entered into subsequent work orders dated Aug. 14, 2025, authorizing CDMG to proceed with a marketing and advertising campaign focused on increasing investor awareness through on-line platforms and physical marketing, including direct mail. The campaign is expected to commence in September, 2025, and continue through November, 2025. The CDMG agreement contains no performance-based conditions, and CDMG will not receive any securities of the company as compensation. The principals of CDMG have confirmed that they have no direct or indirect interest in the company or its securities and no right or intention to acquire such an interest.

The agreement is subject to the approval of the TSX-V.

Incentive awards

Pursuant to the company's omnibus incentive plan dated Dec. 12, 2024, and TSX-V policies, the company's board of directors has approved the annual grant of stock options, restricted share units (RSUs) and deferred share units (DSUs) to certain employees, officers, directors and consultants.

The company granted options to purchase an aggregate of 4,415,000 common shares of the company, with an exercise price of 44 cents per common share. The options will vest in three equal tranches over a 24-month period. Once vested, each option is exercisable into one common share for a period of five years from the date of the grant.

The company also granted a total of 2.35 million RSUs and 1.4 million DSUs. The RSUs will vest in three equal tranches over 36 months. Once vested, each RSU and DSU entitles the holder to receive one common share. DSUs may only be settled once a director ceases to serve on the company's board of directors.

About Apollo Silver Corp.

Apollo is advancing one of the largest undeveloped primary silver projects in the United States. The Calico project hosts a large, bulk minable silver deposit with significant barite credits -- a critical mineral essential to the United States energy and medical sectors. Additionally, the company has optioned Cinco de Mayo project in Chihuahua, Mexico, which is host to a major CRD deposit that is both high-grade and large tonnage. Led by an award-winning management team, the company's growth strategy is matched only by the scale of the opportunity in front of the company.

We seek Safe Harbor.