APGOF) Announces $25 Million Strategic Investment by Eric Sprott and Jupiter Asset Management

(www.investorideas.com
Newswire) – Investorideas.com reports breaking silver stock
news – Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to
announce a non-brokered private placement offering of 5,000,000 units
(the “Units”) of the Company at a price of $5.00 per Unit,
for aggregate gross proceeds of $25,000,000 (the
“Offering”), Eric Sprott and a fund managed by Jupiter
Asset Management (the “Jupiter Fund”), Apollo
Silver’s two largest shareholders are participating in the
Offering.

Mr. Sprott and the Jupiter Fund each will subscribe for 2,500,000
Units of the Company, for combined gross proceeds of $25 million.
Following completion of the Offering, the Jupiter Fund will own
approximately 12.1% of Apollo Silver’s issued and outstanding
common shares, while Eric Sprott will own approximately 9.6%, on an
undiluted basis. On a partially diluted basis, each investor’s
ownership interest will increase accordingly.

Andrew Bowering, Chairman of Apollo Silver commented: “We
appreciate the continued support of both Eric Sprott and Jupiter Asset
Management, our two largest shareholders. Their participation in this
financing further aligns our largest shareholders with Apollo’s
long-term strategy as we advance our portfolio and execute on our
exploration and development plans.”

Each Unit issued pursuant to the Offering will consist of one common
share (a “Share”) in the capital of the Company and
one-half (1/2) common Share purchase warrant (a
“Warrant”). Each Warrant entitles the holder thereof to
purchase one Share at an exercise price of $7.00 for 24 months from
the closing date of the Offering.

All securities issued in connection with the Offering will be subject
to a four-month hold period from the date of closing. Finder’s
fees may be payable on some or all of the funds raised, in accordance
with the policies of the TSX Venture Exchange (the
“TSXV”). The Company intends on using the net proceeds
from the Offering to fund exploration and development activities
across the Company’s projects, as well as for general working
capital and corporate purposes.

Closing of the Offering is subject to regulatory approval including
that of the TSXV.

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

About Apollo Silver Corp.

Apollo Silver is advancing one of the largest undeveloped primary
silver projects in the US. The Calico project hosts a large, bulk
minable silver deposit with significant barite credits – a critical
mineral essential to the US 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 (CRD) deposit
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.

Please visit
www.apollosilver.com
for further information.

ON BEHALF OF THE BOARD OF DIRECTORS
Ross McElroy
President and CEO
For further information, please contact:
Email:
info@apollosilver.com
Telephone: +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

This news release includes “forward-looking statements”
and “forward-looking information” within the meaning of
Canadian securities legislation. All statements included in this news
release, other than statements of historical fact, are forward-looking
statements including, without limitation, statements with respect to
the expected timing for completion of the Offering; and the intended
use of proceeds from the Offering. Forward-looking statements include
predictions, projections and forecasts and are often, but not always,
identified by the use of words such as “anticipate”,
“believe”, “plan”, “estimate”,
“expect”, “potential”, “target”,
“budget” and “intend” and statements that an
event or result “may”, “will”,
“should”, “could” or “might” occur
or be achieved and other similar expressions and includes the
negatives thereof.

Forward-looking statements are based on the reasonable assumptions,
estimates, analysis, and opinions of the management of the Company
made in light of its experience and its perception of trends, current
conditions and expected developments, as well as other factors that
management of the Company believes to be relevant and reasonable in
the circumstances at the date that such statements are made.
Forward-looking information is based on reasonable assumptions that
have been made by the Company as at the date of such information and
is subject to known and unknown risks, uncertainties and other factors
that may have caused actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed or implied by 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 and exchange rates;
competition; stock price fluctuations; availability of drilling
equipment and access; actual results of current exploration
activities; government regulation; political or economic developments;
environmental risks; insurance risks; capital expenditures; operating
or technical difficulties in connection with development activities;
personnel relations; and changes in Project parameters as plans
continue to be refined. Forward-looking statements are based on
assumptions management believes to be reasonable, including but not
limited to the price of silver, gold and barite; the demand for
silver, gold and barite; the ability to carry on exploration and
development activities; the timely receipt of any required 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 matter; and the regulatory framework regarding
environmental matters, and such other assumptions and factors as set
out herein. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from
those contained in 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 and actual results, and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward
looking information contained herein, except in accordance with
applicable securities laws. The forward-looking information contained
herein is presented for the purpose of assisting investors in
understanding the Company’s expected financial and operational
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.

Apollo Silver Corp. (TSX: APGO.V) (OTCQB:APGOF) (Frankfurt:6ZF0) is a
featured mining stock on Investorideas.com

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