Apoquindo Minerals Inc.
TSX VENTURE : AQM

Apoquindo Minerals Inc.

January 23, 2008 08:00 ET

Apoquindo Files NI 43-101 Report for Elenita Deposit and Announces Progress on the Work Plan for the "Apoquindo Copper Oxide Project"

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 23, 2008) - Apoquindo Minerals Inc. ("Apoquindo" or the "Company") (TSX VENTURE:AQM) announces that it has filed an independent technical report to conform to National Instrument 43-101 ("NI 43-101") prepared by AMEC Americas Ltd. ("AMEC") on the Elenita copper oxide deposit (the "Elenita Report"), which is just 18 km from the Company's Madrugador deposit. The Elenita and Madrugador stratiform copper deposits together represent an aggregate historic resource estimate totaling 12 million tons greater than 1% Cu at a 0.3% overall cutoff. These resource calculations pre-date NI 43-101 and should not be relied upon.

Apoquindo, in accordance with its work timeline, has completed geologic mapping of the area (1:10,000 and 1:2,000), topographic surveying, geochemical sampling (MMI - mobile metal ions), trenching and surface sampling, geophysics (ground magnetics) and definition of targets on both the Madrugador and Elenita deposits. Furthermore, underground chip sampling at Elenita's Punto Verde Ramp was performed where samples were taken at two metre intervals along a 400 meter underground ramp. The results were included in the Elenita Report and include weighted average copper values for this underground sampling of 2.58% CuT and 2.27% CuSol. This sampling was within a single manto with an average thickness of 3 to 5 metres and unknown strike length. Sampling was done by Apoquindo's geologist and samplers using a pneumatic hammer. Full samples were collected into a tarp and split, and 5 to 7 kg samples were sent to the ALS-Chemex Lab in Antofagasta. Transportation and assays were done according to CIM Mineral Exploration Best Practices Guidelines.

Apoquindo will commence its drill program the first week of February 2008. At Madrugador, 7,000-7,500 meters of RC drilling are planned of which 2,000-2,500 meters will be twinning existing holes and the remainder will be for exploration and infill; 1,500 meters of core drilling is also planned. At Elenita, 8,000 to 8,500 meters of RC drilling are planned of which 2,000-2,500 meters will be twinning existing holes and the remainder will be for exploration and infill; 1,500 meters of core drilling is also planned. One of the goals of this drilling program will be to compile a NI 43-101 compliant resource.

Baseline environmental work will also begin in the first quarter of 2008.

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.

About Apoquindo Minerals

Apoquindo Minerals Inc. (TSX VENTURE: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 ore bodies under option which are located in the coastal range of the Antofagasta region.

Management and directors have extensive experience working with and for the world's largest copper producing companies, as well as several mining juniors. Apoquindo has offices in Santiago, Chile, Lima, Peru and Vancouver, Canada.

The Apoquindo exploration office in Santiago, Chile, can be reached at 562-231-5780 and the Minera Kori Tambo SAC office in Peru can be reached at 511-628-1300.

ON BEHALF OF THE BOARD OF DIRECTORS

Cesar Lopez

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.

The TSX Venture Exchange has not reviewed and does not take responsibility for the accuracy of this release.

Contact Information

  • Apoquindo Minerals Inc.
    Winnie Wong
    Chief Financial Officer
    (604) 687-3520
    (604) 688-3392 (FAX)