Apoquindo Minerals Inc.
TSX VENTURE : AQM

Apoquindo Minerals Inc.

January 09, 2008 17:15 ET

Apoquindo Minerals Inc. Appoints Former Codelco CEO as New Chairman

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 9, 2008) - Apoquindo Minerals Inc. ("Apoquindo" or the "Company") (TSX VENTURE:AQM) is pleased to announce the appointment of Juan Villarzu as Chairman of the Board of Directors of Apoquindo. Mr. Villarzu was the President and CEO of the world's largest copper producer, Codelco Chile; he was also Chairman of the International Copper Association (ICA), considered the leading organization for the promotion of copper worldwide. He has held other such prestigious positions as Member of the APEC Business Advisory Council, Minister Secretary General of the Presidency of Chile and Senior Economist to the World Bank.

Mr. Villarzu has a Masters in Economics from the University of Chicago and has been recognized for numerous commendations and awards including: "The Economist of the Year, 1997" (Department of Economics and Alumni Association of the University of Chile); and "The Copper Man of the Year, 2005" (Ankh Award, the Copper Club Inc., New York, USA).

"As Mr. Villarzu assumes the chairmanship of Apoquindo, he brings to the Company and to the Board a wealth and breadth of experience both in the public and private sectors, in Chile and internationally, that will greatly contribute to the Company's goals of building a premier mining company," stated Cesar Lopez, the Company's President and CEO.

Former Chairman, Jozsef Ambrus, will continue as a member of the Board of Directors of Apoquindo.

In connection with his appointment, Mr. Villarzu has been granted 285,000 options to acquire common shares of the Company for a period of five years, exercisable at the closing price of the Company's shares on the TSX-V on January 7, 2008, and subject to certain vesting provisions and the terms of the Company's Stock Option Plan.

About Apoquindo

Apoquindo 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. In Peru, the Company's wholly owned subsidiary, Minera KoriTambo SAC, is aggressively seeking gold and copper properties.

Management and directors of the Company have extensive experience working with and for the world's largest mining companies as well as several mining juniors. Apoquindo 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.

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)