Mr. Ross McElroy reports

APOLLO ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

Apollo Silver Corp., further to its news release dated Sept. 2, 2025, will proceed with a consolidation of its issued and outstanding common shares on the basis of one postconsolidation share for five preconsolidation shares.

The company's name and trading symbol will remain unchanged following the consolidation. The new Cusip number and ISIN for postconsolidation shares will be 03370A 30 7 and CA 03770A 30 7 3, respectively. The consolidation will take effect on Sept. 15, 2025.

Apollo currently has 242,610,395 shares issued and outstanding. Upon completion of the consolidation, the company will have approximately 48,522,067 shares outstanding.

No fractional shares will be issued as a result of the consolidation. Any fractional shares resulting from the consolidation will be rounded up or down to the nearest whole share. The company's outstanding incentive stock options, warrants and other convertible securities will be adjusted proportionately to reflect the 1:5 consolidation ratio, including corresponding adjustments to exercise prices, in accordance with their respective terms. Postconsolidation shares are expected to begin trading on the TSX Venture Exchange on or about Sept. 15, 2025.

A letter of transmittal from the company's transfer agent, Endeavor Trust Corp., will be mailed to registered shareholders with instructions on exchanging physical share certificates representing preconsolidation shares for new postconsolidation shares. Additional copies of the letter of transmittal may be obtained through the transfer agent by calling 604-559-8880 or by e-mailing admin@endeavortrust.com. Shareholders who submit a duly completed letter of transmittal along with their respective preconsolidation share certificates will receive a postconsolidation share certificate or direct registration system statement representing the postconsolidation shares.

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 U.S. energy and medical sectors. The company also holds an option on the Cinco de Mayo project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

We seek Safe Harbor.