Apollo Silver Announces Further Upsizing of Private Placement

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VANCOUVER, British Columbia, Oct. 18, 2024 (GLOBE NEWSWIRE) — Apollo Silver Company ((Apollo Silver“or”a company(“) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that due to significant interest, the Company has elected to increase the size of its non-brokered private placement and will now offer up to 67,500,000 common shares of the Company (“shares“) at a price of $0.20 per share, for total gross proceeds of $13,500,000 (“an offer“).

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All securities issued in connection with the offering will be subject to a hold period of four months from the closing date. Finder’s fees may be payable on a portion of the funds in accordance with the policies of the TSX Venture Exchange (“TSX Venture Exchange”).TSX-V“). The Company intends to use the net proceeds from the offering to further develop the Calico Silver Project in San Bernardino, California, to invest in community relations initiatives at the newly selected Cinco de Mayo Silver Project in Chihuahua, Mexico (see press release dated September 23)., 2024 ), to cover ongoing property maintenance costs on both projects, and for general corporate purposes.

The Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“US securities law“), or any securities laws of the United States, and may not be offered or sold in the United States without registration under the United States Securities Act and all applicable state securities laws or complying with the applicable exemption requirements thereof. This press release shall not constitute an offer for sale or the solicitation of an offer to buy securities in the United States, and there will be no sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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Closing of the offering remains subject to approval by the TSX Venture Exchange.

About Apollo Silver

Apollo Silver Corp. Assembling a leadership team with experience and technical strength who have joined forces to develop world-class precious metals projects in Tier 1 jurisdictions. The Company is focused on developing its portfolio of two significant 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 of the Board of Directors and Interim CEO

For more information, please contact:

Andrew Bowering
Chairman of the Board of Directors and Interim CEO
Phone: +1 (604) 428-6128

Neither the TSX Venture Exchange nor its Regulation 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 press release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements in this press release, other than statements of historical fact, are forward-looking statements including, without limitation, statements regarding
The intended use of the proceeds from the offering. Forward-looking statements include predictions, projections and forecasts and they often are, but not
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