Apoquindo Minerals Inc.

Apoquindo Minerals Inc.

May 27, 2009 09:44 ET

Apoquindo Announces Start of an $8M Work Program by Antakena Mining JV, for the Development of its Copper Oxide Project Antofagasta Region, Chile

HIGHLIGHTS: - Following on last year's successful exploration program which more than tripled its compliant resource estimate - Pre-Feasibility Study scheduled for completion by January 2010 - 40,000m of drilling planned at Elenita and Madrugador to test mineral extensions - Exploration program established for newly optioned 7760 hectares surrounding the two deposits - $8M Cdn being commited toward the Antakena Mining Joint Venture

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 27, 2009) - Apoquindo Minerals Inc. (TSX VENTURE:AQM)(BVLAC:AQM) ("Apoquindo") through its wholly owned subsidiary, Sociedad Contractual Minera Apoquindo Chile is pleased to announce the start of the Antakena Mining Joint Venture work program. On April 21, 2009, Apoquindo announced a Joint Venture with Minera S.A., named Antakena Mining, for the development of its Copper Oxide Project. In less than a month, the Antakena Management Committee has approved a Cdn$8M work program and budget for the next six months, consisting in a Pre Feasibility Study by January 2010 and an Exploration Program, which includes additional exploration of the Elenita and Madrugador deposits, as well as exploration of the newly optioned mining concessions.

The contractors selected for the Pre-Feasibility Study are:

Project Managers: MTB Project Management

Metallurgy: CIMM (Feasibility Level Testing to be completed 4Q2009)

Structural Geology: Warren Pratt

Surface Mine Slope and Geotechnical Engineering: Golder Associates

Mine Design Engineer: Mine Development Associates

Environmental Studies: Mineria & MedioAmbiente

Geological Model: Geovectra

Process and Infrastructure Engineer: Samuel Engineering

Easements and Permitting: Lopez & Ashton

Condemnation, Infill and Geotechnical Drilling: Antakena Mining

All of the contractors attended a kick off meeting in Chile, which included site visits and coordination meetings, during the week of May 18, 2009.

In addition, an exploration program has been established that includes 40,000m of RC drilling (20,000m Elenita and 20,000m Madrugador) in order to test the mineral extensions and MMI (Mobile Metal Ion) anomalies at the properties. Furthermore, MMI, mapping (1:10,000 in the whole areas and 1:2,000 in detailed areas) and sampling are planned on the recently optioned 7,760 hectares from Soquimich in order to define several mineralized targets. Half of the area is covered by colluvium and some of the main mineralized features running between Madrugador and Elenita are under this overburden. Where the MMI and geologic mapping give positive results, drilling targets will be defined and a second phase of an exploration program including RC drilling, detailed mapping, trenching and geophysics will be evaluated.

Dr. Tom Henricksen, a consultant geologist of the Company and the Company's Qualified Person for the purposes of NI 43-101, has approved the information contained in this news release.

Stephanie Ashton, Apoquindo Director and one of Apoquindo's appointees to the Antakena Mining Management Committee commented, "Apoquindo is very pleased at the quality of the work program and of the contractors that will be developing the Copper Oxide Project, and at the seriousness and efficiency of the Antakena Mining Joint Venture."


Cesar Lopez, President and CEO


Apoquindo Minerals Inc. (TSX VENTURE:AQM)(BVLAC:AQM) is a Canadian based mineral exploration company whose principal purpose is the acquisition and development of base and precious metal deposits in South America. The Company is advancing its Apoquindo Copper Oxide Project in Chile comprised of highly prospective leachable copper deposits under option located in a historic mining district in the Antofagasta Region's Coastal Range through a joint venture with Minera S.A.

Management and directors have extensive experience working for the world's largest mining companies as well as several junior exploration companies. Apoquindo Minerals has offices in Santiago, Chile, Lima, Peru and Vancouver, Canada and will continue to expand its business using its effective team of experts in Exploration, Geology, Metallurgy, Mine Engineering, Law and Finance. Apoquindo is well positioned for success. Our Projects are uniquely valuable, and our knowledgeable management and directors provide a "pipeline" of growth opportunities.

APOQUINDO MINERALS INC.: This news release may contain forward-looking information including but not limited to comments regarding the timing and content of upcoming financings, work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking information includes disclosure regarding possible future events, or conditions or results of operations that is based on assumptions about future economic conditions and courses of action, and therefore, involves inherent risks and uncertainties. Although management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements.

Neither 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.

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