APGOF) announces the return of Tom Peregoodoff as chairman-designate and future executive chairman

Mr. Peregoodoff brings more than 30 years of experience in the natural resources industry, including senior leadership roles in business development, capital markets and project development. Previously, he was President and Chief Executive Officer of Apollo Silver and previously President and Chief Executive Officer of Peregrine Diamonds Ltd., where he oversaw the progress of the Chidliak diamond project in Nunavut prior to its acquisition by De Beers Canada. Mr. Peregoodoff has also held leadership and board positions at a number of publicly traded mining companies, including 18 years at global mining company BHP, and brings extensive experience in business strategy, financing, mergers and acquisitions, and governance across the exploration and development lifecycle.

Following the annual general meeting of shareholders, Andrew Bowering, founder and significant shareholder of the company, will step down as chairman and continue as director, remaining actively involved at board level.

Mr. Bowering commented: “I am very pleased to see Tom return to an executive leadership role at Apollo Silver. His deep knowledge of the business, combined with his experience in building and running mining companies, makes him exceptionally qualified to serve as executive chairman. With a strong board and management team, I look forward to continuing to support Apollo Silver as a director and key shareholder as the company enters its next phase of development.”

Mr. Peregoodoff stated, “I am honored to return to an executive leadership role at Apollo Silver at such an important stage in the company’s evolution. I would also like to thank Andy for his leadership and vision as founder, which have been instrumental in establishing Apollo Silver’s asset base and positioning the company for continued progress. I look forward to working closely with the board and management team to advance the Calico and Cinco de Mayo projects and the to support disciplined execution of Apollo Silver’s strategy.”

Concurrent with the appointment of Thomas Peregoodoff as Executive Chairman, Steven Thomas, the current Chairman of the Company’s Audit Committee, will assume the role of Lead Independent Director, providing independent leadership to the Board of Directors and acting as a key liaison between the independent directors and management.

ABOUT APOLLO SILVER CORP.

Apollo Silver is advancing the second largest undeveloped primary silver projects in the US. The Calico Project hosts a large, bulk mineable silver deposit with significant barite and zinc credits – recognized as critical minerals essential to the U.S. energy, industrial and medical sectors. The company also has an option on the Cinco de Mayo project in Chihuahua, Mexico, which hosts a large carbonate replacement (CRD) deposit that is both high-grade and large. Led by an experienced and award-winning management team, Apollo is well positioned to advance its assets and deliver value through exploration and development.

Please visit
www.apollosilver.comfor more information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy

Chairman and CEO

For more information please contact:

Email: info@apollosilver.com

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 Note Regarding “Forward-Looking” Information

This press release contains “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, but not limited to, statements regarding the anticipated election of the proposed candidate for the Company’s Board of Directors, the proposed appointment of an Executive Chairman, the expected impact of leadership changes on the Company’s governance and strategic execution, and the progress and development of the Company’s projects, including the Calico Project and the Cinco de Mayo Project. Forward-looking statements include forecasts, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “potential,” “goal,” “budget” and “intend” and statements that an event or outcome “may,” “will,” “should,” “might” or “could” occur or be achieved and other similar expressions and include the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analyzes and opinions of the Company’s management, made in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that the Company’s management believes to be relevant and reasonable in the circumstances as of the date such 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 cause the actual results, level of activity, performance or achievements of the Company to be materially different from the values ​​expressed or implied in such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest rates and exchange rates; competition; fluctuations in stock prices; availability of drilling equipment and access; actual results of ongoing exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operational or technical problems associated with development activities; employee relations; and changes in project parameters as plans are further refined. Forward-looking statements are based on assumptions that management believes reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to conduct exploration and development activities; the timely receipt of any necessary approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective manner; and the regulatory framework relating to environmental matters, and other assumptions and factors set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate or actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking information contained herein except in accordance with applicable securities laws. The forward-looking information contained herein is intended to assist investors in understanding the Company’s expected financial and operating performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.