Apoquindo Minerals Inc.
TSX VENTURE : AQM
BVLAC : AQM

Apoquindo Minerals Inc.

February 26, 2010 11:30 ET

Apoquindo Minerals Inc. Announces $20 Million Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2010) - Apoquindo Minerals Inc. (TSX VENTURE:AQM)(BVLAC:AQM) ("Apoquindo" or "the Company") is pleased to announce that it has arranged to sell, on a private placement basis, an aggregate of 23,530,000 units ("Units"), priced at $0.85 per Unit, for gross proceeds of $20,000,500 (the "Offering"). Casimir Capital LP has been appointed lead agent (the "Agent") with respect to the Offering. Each Unit is comprised of one common share (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant will entitle the holder to acquire one additional Common Share at a price of $1.00 per share for a period of 48 months following the closing of the Offering.

The Agent will also have the option to increase the size of the Offering by up to an additional 3,530,000 Units (the "Agent's Option"), for aggregate gross proceeds under the Offering of $23,000,100 if the Agent's Option is exercised in full.

In connection with the Offering, the Agent will be paid a cash commission equal to 6% on a portion of the proceeds and will receive broker warrants entitling the Agent to acquire such number of common shares of the Company as is equal to 6% of a portion of the number of Units sold in the Offering, at a price of $1.00 per share, for a period of 48 months following the closing of the Offering.

The net proceeds from the Offering will be principally used to advance the Zafranal porphyry Copper Gold Project located in the department of Arequipa, Peru and for working capital purposes. The Offering is expected to close on or about March 17, 2010.

The Units will be subject to a four-month hold period under applicable Canadian securities laws. The Offering is subject to acceptance by the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS

Bruce Turner, President and CEO

ABOUT APOQUINDO: The Company is a Canadian based mineral exploration company whose principal purpose is the acquisition and development of base metal deposits in South America. Through its wholly owned Peruvian subsidiary, Minera Koritambo SAC, the company is developing the Zafranal Copper-Gold Porphyry Project located in the Southern Peru Cu-Porphyry Belt. Please refer to www.apoquindominerals.com for further information regarding the Company and its projects.

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.

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.

Contact Information