Apogee Minerals Ltd.
TSX VENTURE : APE

Apogee Minerals Ltd.

February 25, 2008 08:00 ET

Apogee Accelerates Delineation Drill Program at the Pulacayo Silver Deposit-Increasing to One Underground and Three Surface Drills

TORONTO, ONTARIO--(Marketwire - Feb. 25, 2008) - As a result of recent strong results Apogee Minerals Ltd. (TSX VENTURE:APE) has decided to expand and accelerate its diamond drill program at the Pulacayo silver-zinc-lead deposit, southern Bolivia (Figure 1). Highlights of recent drilling include drill hole PUD-045 which intersected 61 meters grading 262.5 g/t silver, 0.79 % lead, and 2.93 % zinc including 31.0 meters grading 472.8 g/t silver, 0.90 % lead and 4.19 % zinc and hole PUD-051 which intersected 35.0 meters grading 321.11 g/t Silver, 1.04 % Lead and 3.11 % Zinc within a thick mineralized intersection of 96.0 meters grading 142.82 g/t Silver, 0.79 % Lead and 2.29 % Zinc. See releases dated February 14, January 28, January 8, 2008 for details on these intersections and results of drilling at Pulacayo to date.

The company has recently mobilized two additional drills, one surface and one underground drilling rig, bringing the total to four drills. This will allow Apogee to further expand and complete the planned program by April 2008, prior to calculating the initial resource estimate for the upper Pulacayo deposit. The program has been expanded to 15,500 meters from the initial 14,000 meters (Figure 2). By taking advantage of the underground access the Company can complete significantly more drill holes with a modest increase in total meters drilled because it provides access to within 100 meters of certain parts of the deposit where drilling from surface would require 450 meter long drill holes. The Tajo Vein System has historical underground production of over 600 million ounces of silver and current drilling is targeting the near surface stock-work and vein mineralization between 0-400 meters depth, associated with this major silver-zinc-lead system.

The revised drill program is plotted on the attached longitudinal section and now extends across a strike length of approximately 700 meters rather than the initial proposal to drill a 450 meter wide panel (Figure 2).

David Gower, P.Geo., Chief Executive Officer of Apogee, states "We are very encouraged by the recent results of our drilling at Pulacayo characterized by the high grade and thick intervals noted in our recent news releases (February 14, January 28, January 8, 2008). With respect to the underground drilling, Apogee's mining engineer and safety officer from the La Solucion operation have conducted inspections to ensure that we can safely access the underground workings and necessary rehabilitation is in progress under their supervision. The underground access will provide a substantial benefit in terms of both time and cost and drilling is expected to commence near the end of the February. Having access to workings this close to some of the higher grade mineralization intersected to date could be a benefit for potential future mine development on this project. This will be evaluated as part of the forthcoming feasibility study. Our target for this program is to delineate a resource containing at least 50 million ounces of silver in the upper Pulacayo deposit."

The project is an option to joint venture with Apex Silver Mines Ltd. (Apex) in which Apogee can earn up to a 60% interest in the Project (see press release dated September 13, 2005) by completing a feasibility study. Under the agreement Apogee must complete a feasibility study by July 30, 2009.

The Tajo Vein System consists of a thick (locally 200 meters) east-west trending zone of conjugate veins, stockwork and disseminated sulphides with a higher grade core known as the Main Zone that may exceed 60 meters in thickness locally. The known strike length of the Tajo Vein System is approximately 1 kilometer and it remains open at both ends along strike (Figure 2). Mineralization in the TVS comprises sphalerite, galena and tetrahedrite in massive sulphide veins ranging from a few centimeters to greater than one meter thick and heavily disseminated sphalerite, galena and tetrahedrite between the veins.

To view Figure 1, Pulacayo - Paca Project location map, please visit the following link: http://media3.marketwire.com/docs/paca1.pdf.

To view Figure 2, Vertical Longitudinal Section of the upper part of the Tajo Vein System, please visit the following link: http://media3.marketwire.com/docs/Tajo1.pdf.

This press release has been reviewed and approved by David Gower, P.Geo., CEO of Apogee and the qualified person as defined by National Instrument 43-101.

About Apogee Minerals

Apogee Minerals Ltd. is a Canadian producer of silver-zinc-lead and also carries out exploration and development activities. The Company is listed on the TSX Venture Exchange under the symbol APE. Apogee is focused on advanced silver-zinc-lead projects in South America that demonstrate the potential to be rapidly developed to production. Currently all of its projects are located in the historic silver producing regions of central and southwest Bolivia.

The Company's 100%-owned La Solucion Mine has a 14 year production history and has a 120 tonne per day flotation mill. The Pulacayo-Paca project is an option to joint venture with Apex Silver Mines Ltd. The project occupies the property that includes the second-largest silver mine in the history of Bolivia with over 600 million ounces of past production.

Forward Looking Statements

This document may contain or refer to forward looking information based on current expectations, including, but not limited to, mineralization projections, estimates regarding the timing for resource modeling and the preparation of a 43-101 compliant technical report and the impact of additional drills on the progress of the program. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. These forward-looking statements are made as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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