Mr. Ross McElroy reports

APOLLO SILVER GRANTS INCENTIVE RSUS

Pursuant to Apollo Silver Corp.'s omnibus incentive plan dated Dec. 12, 2024, and in accordance with TSX Venture Exchange policies, the board of directors has approved a grant of restricted share units to certain officers and directors.

The company granted an aggregate of 750,000 RSUs. The RSUs vest in three equal tranches over 36 months. Upon vesting, each RSU entitles the holder to receive one common share of the company.

About Apollo Silver Corp.

Apollo is advancing the second-largest undeveloped primary silver project in the United States. The Calico project hosts a large, bulk minable silver deposit with significant barite and zinc credits -- recognized as critical minerals essential to the U.S. energy, industrial and medical sectors. Additionally, the company has optioned the Cinco de Mayo project in Chihuahua, Mexico, which is host to a major carbonate replacement deposit that is both high grade and large tonnage. Led by an award-winning management team, Apollo has a growth strategy matched only by the scale of the opportunity ahead.