Apoquindo Minerals Inc.
TSX VENTURE : AQM

Apoquindo Minerals Inc.

December 31, 2007 14:37 ET

Apoquindo Minerals Inc. Completes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 31, 2007) - Apoquindo Minerals Inc. ("Apoquindo" or the "Company") (TSX VENTURE:AQM) is pleased to announce that it has completed the non-brokered private placement originally announced on November 20, 2007. Apoquindo issued 5,000,000 common shares at a price of $1.35 per share for gross proceeds of $6,750,000. The proceeds of the private placement will be used to fund exploration programs on the Madrugador and Elenita Mineral properties that comprise the Company's Apoquindo Copper Oxide Project in the Antofagasta Region of Chile. The common shares issued under the private placement are subject to a four month hold period expiring on April 22, 2008 in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange.

The Company is also pleased to announce the appointment of Juan Enrique Vargas as a Director. Mr. Vargas is a Mining Engineer with 32 years of experience in development, construction, and operation of mining projects, with an emphasis on design, planning, and auditing of open pit and underground mines.

Mr. Vargas has previously worked as Operations Manager for the Luksic Group (Antofagasta Minerals), Vice President of South American Operations for TVX Gold Inc., Project Manager for the La Coipa Project, and Vice President of Operations for Compania Nacional de Mineria.

During the last 10 years, Mr. Vargas has been a consultant and multidisciplinary Project Manager of various engineering projects both in Chile and abroad.

Currently, Mr. Vargas is a Project Manager and Consultant for NCL Ingenieria y Construccion S.A., a Chilean consulting firm for the mining industry.

"The addition of Mr. Vargas, who is a highly respected mining engineer with extensive industry experience, to Apoquindo's excellent team of professionals is another important step towards our objective of building a premier mining company," stated Cesar Lopez, the company's President and CEO.

About Apoquindo

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 deposits under option located in a historic mining district in the Antofagasta Region's Coastal Range. In Peru, its wholly owned subsidiary, Minera KoriTambo SAC, is aggressively seeking gold and copper properties.

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

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)