Apogee Minerals Ltd.

Apogee Minerals Ltd.

November 16, 2007 13:15 ET

Apogee Announces Stock Options

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2007) - Apogee Minerals Limited ("Apogee") (TSX VENTURE:APE) is pleased to announce that it has granted a total of 200,000 options under the share option plan of the Company. The options have an exercise price of $0.35 per option exercised and will vest immediately subject to the statutory four month hold.

About Apogee Minerals Limited

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 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 a 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.

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

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