Apollo Silver Announces Further Promotion of Private Placement

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VANCOUVER, British Columbia, Oct. 18, 2024 (GLOBE NEWSWIRE) – Apollo Silver Corp. (“Apollo Silver” or “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that due to overwhelming interest, the Company has chosen to further increase the size of its unsold private placement and will now offer up to 67,500,000. ordinary shares of the Company (the “Shares”) at a price of $0.20 per Share, for aggregate proceeds of up to $13,500,000 (the “A donation“).

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All securities issued in connection with the Offering will be valid for less than four months from the closing date. The acquirer’s fees may be paid in installments in accordance with the policies of the TSX Venture Exchange (the “The TSX-V“). The Company intends to use all proceeds from the Offering to continue to advance the Calico Silver Project in San Bernardino, California, to invest in public relations initiatives at its new Cinco de Mayo Silver Project in Chihuahua, Mexico (see press release dated September 23, 2024), for ongoing building maintenance costs for both projects, and for general business purposes.

The shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (“US Securities Act”), any US state securities laws, and may not be offered or sold in the United States without registration under the US Securities Act and all applicable state securities laws or compliance with applicable exemption requirements thereto. This news release will not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor will there be any sale of these securities in any jurisdiction where such offer, solicitation or sale would be unlawful.

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Closing of the Offering remains subject to the approval of the TSX Venture Exchange.

About Apollo Silver

Apollo Silver Corp. has assembled an experienced and technically strong leadership team that has joined forces to develop world-class precious metal projects in first-tier locations. The company is focused on developing its portfolio of two important silver exploration and resource development projects, the Calico Project, in San Bernardino County, California and the Cinco de Mayo Project, in Chihuahua, Mexico.

Please visit www.apollosilver.com for more information.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrew Bowering
Chairman and Interim Chief Executive Officer

For more information, please contact:

Andrew Bowering
Chairman and Interim Chief Executive Officer
Phone: +1 (604) 428-6128

Neither the TSX Venture Exchange nor its Legal Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding “Forward-Looking” Information

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This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities law. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements about
the intended use of the proceeds from the Donation. Forward-looking statements include predictions, assumptions and forecasts and generally, but not necessarily
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Forward-looking statements are based on
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estimates, analyses, and opinions of the Company’s management made as a result of its experience and its view of trends, current conditions and expected developments, and other factors that the Company’s management believes are appropriate and reasonable in the circumstances on which the statements are made.
Forward-looking information is based on reasonable assumptions made by the Company as of the date of such information and is subject to known and unknown risks, uncertainties and other factors that may adversely affect actual results, performance, performance or achievements. of the Company to differ materially from that expressed or implied by such forward-looking information, including
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but not limited to: risks associated with mineral exploration and development; iron and mineral prices; availability of capital; the accuracy of the Company’s assumptions and estimates; realization of mineral rates, interest and exchange rates; competition; stock price changes; availability of drilling equipment and access; actual results of current assessment activities; government regulation; political or economic developments; natural hazards; insurance risks; capital expenditure; operational or technical problems related to development activities; labor relations; and changes in Project parameters
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We are committed to update any forward-looking information, except in accordance with applicable securities laws.

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