Mr. Ross McElroy reports

APOLLO SILVER ANNOUNCES $20.88 MILLION PRIVATE PLACEMENT OFFERING

Apollo Silver Corp. has arranged a non-brokered private placement offering of up to 5.8 million units of the company at a price of $3.60 per unit for aggregate gross proceeds of up to $20.88-million.

Each unit issued pursuant to the offering will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one share at an exercise price of $5.50 for 24 months from the closing date of the offering. The warrants will be subject to an acceleration provision, such that, if at any time after the date that is four months and one day after the closing, the company's shares trade on the TSX Venture Exchange at a closing price of $7.50 or greater per share for a period of 10 consecutive trading days, the company may accelerate the expiry of the warrants by giving notice to the holders thereof and, in such case, the warrant will expire on the 30th day after the date of such notice.

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 some or all of the funds raised, in accordance with the policies of the TSX-V. The company intends on using the net proceeds from the offering to continue advancing the Calico silver project in San Bernardino, Calif., to support community relations initiatives at the Cinco de Mayo silver project in Chihuahua, Mexico, to cover continuing property maintenance costs at both projects and for general corporate purposes.

Closing of the offering is subject to regulatory approval, including that of the TSX-V.

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 deposit (CRD) 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.