Apogee Minerals Ltd.
TSX VENTURE : APE

Apogee Minerals Ltd.

September 24, 2007 07:30 ET

Apogee Discovers New Mineralized Vein System Over 400 Meters Strike Length on the La Solucion Mine Property

TORONTO, ONTARIO--(Marketwire - Sept. 24, 2007) - Geologists for Apogee Minerals Limited ("Apogee") (TSX VENTURE:APE) have discovered a new mineralized vein system that extends at least 400 meters along strike on Apogee's La Solucion Mine Property. The 100% owned La Solucion mine is currently producing silver, zinc and lead and realizing record prices for both zinc and lead production. The mine property is located approximately 20 kilometers northeast of the city of La Paz in Bolivia.

The new vein system which has been named the Rafaela Vein occurs approximately 5.5 kilometers to the northeast of the La Solucion mill site (Figure 1). The vein system strikes northeast parallel to the producing and past-producing veins on the Property and dips steeply to the northwest. Apogee geologists have mapped and sampled the mineralized Rafaela Vein where it is exposed, along 400 meters of its strike length and the zone continues in both directions (see Figure 2). The vein at surface ranges from approximately 2 meters to 10 meters in thickness with up to 2 meters of well mineralized material where it outcrops. Chip samples across the vein have returned values of up to 146.0 g/t Silver, 14.85% lead and 6.94% Zinc across 1.5 meters. Values for individual mineralized samples are highly variable as is common with this type of mineralization with ranges from 6.0 -166 g/t for silver, 0.15 - 15.2% for lead and 0.4 -6.94% for zinc. A complete list of assay results is appended at the end of this release and sample locations are shown on Figure 2.

According to Joaquin Merino, Vice President of Exploration for Apogee, "These results are very encouraging and the strike extent of mineralization exposed at surface is greater than we see exposed at any of the current or past producing veins. In fact all other veins found on the Property to date that have such anomalous values at surface are either current or past producers. Having identified this new mineralized vein, we will proceed with drilling and geological structural mapping in order to identify potential for higher grade and thicker ore shoots within the structure. Within the existing mines on the Property, these higher grade and thicker portions of the veins have been the most important contributors to past and existing production and are locally very high grade. Diamond drilling will be required to determine the ultimate potential of this mineralized structure."

Apogee plans to commence drilling on this target and to resume drilling on the Hampaturi South Deposit as soon as required permits, which are expected this month, are obtained. Approximately 2,500 meters of diamond drilling are planned for the remainder of 2007 with the objectives of providing an initial evaluation of the Rafaela vein, expanding the Hampaturi South Deposit and upgrading the Hampaturi South resource for inclusion in the mine plan.

David Gower, P.Geo., CEO of Apogee who is a qualified person as defined by NI 43-101 has reviewed this release.

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.

Cautionary Note Regarding Forward-Looking Information This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the future financial or operating performance of the Company, its subsidiaries and its projects, statements regarding exploration prospects, the identification of mineral reserves and resources, costs of and capital for exploration projects, exploration expenditures, timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, and limitations of insurance coverage. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of mineral prices; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and, delays in obtaining governmental approvals or required financing or in the completion of activities. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Table 1: Complete list of Assays, Rafaela Vein Sampling. All samples are chip samples taken perpendicular to the vein and the column "width" refers to the individual sample length. For completeness the table includes samples taken outside of the mineralized zone in adjacent wall rocks and these generally have no significant values.



Orig Orig Width
SampleID East(m) North(m) (m) Ag(ppm) Pb% Zn%
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59839 607,747 8,189,471 0.95 0.1 less than 0.01 less than 0.01
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59840 607,749 8,189,471 0.90 0.1 less than 0.01 less than 0.01
---------------------------------------------------------------------------
59841 607,750 8,189,471 1.05 0.1 less than 0.01 less than 0.01
---------------------------------------------------------------------------
59842 607,834 8,189,545 1.15 0.1 less than 0.01 less than 0.01
---------------------------------------------------------------------------
59843 607,836 8,189,545 0.90 0.1 less than 0.01 less than 0.01
---------------------------------------------------------------------------
59844 607,837 8,189,545 0.85 0.1 less than 0.01 less than 0.01
---------------------------------------------------------------------------
59845 607,938 8,189,621 1.40 less than 1 less than 0.01 less than 0.01
---------------------------------------------------------------------------
59846 608,227 8,189,838 1.60 less than 1 less than 0.01 less than 0.01
---------------------------------------------------------------------------
59847 608,331 8,189,921 1.90 0.1 less than 0.01 less than 0.01
---------------------------------------------------------------------------
59848 608,334 8,189,921 0.70 0.1 less than 0.01 less than 0.01
---------------------------------------------------------------------------
59849 608,336 8,189,921 1.80 0.1 less than 0.01 less than 0.01
---------------------------------------------------------------------------
59851 609,000 8,190,565 0.40 0.1 less than 0.01 less than 0.01
---------------------------------------------------------------------------
59852 608,676 8,190,255 1.15 0.1 less than 0.01 less than 0.01
---------------------------------------------------------------------------
59853 609,016 8,190,580 1.65 37.6 2.72 1.41
---------------------------------------------------------------------------
59854 609,020 8,190,580 1.65 56.8 4.18 1.30
---------------------------------------------------------------------------
59855 609,021 8,190,580 1.50 4.8 0.22 0.21
---------------------------------------------------------------------------
59856 609,083 8,190,647 1.15 0.4 0.01 less than 0.01
---------------------------------------------------------------------------
59857 609,086 8,190,647 1.15 2.3 0.03 0.03
---------------------------------------------------------------------------
59858 609,087 8,190,647 1.80 4.2 less than 0.01 0.04
---------------------------------------------------------------------------
59859 609,264 8,190,788 1.60 0.9 0.03 less than 0.01
---------------------------------------------------------------------------
59860 609,268 8,190,788 1.60 0.1 less than 0.01 less than 0.01
---------------------------------------------------------------------------
59861 609,269 8,190,788 1.30 6.5 0.34 0.99
---------------------------------------------------------------------------
57965 609,278 8,190,778 29.2 4.25 2.73
---------------------------------------------------------------------------
B40275 609,311 8,190,820 1.50 less than 1 less than 0.01 less than 0.01
---------------------------------------------------------------------------
B40277 609,290 8,190,798 1.50 166.0 15.20 0.04
---------------------------------------------------------------------------
B40278 609,274 8,190,784 1.50 11.0 1.64 1.74
---------------------------------------------------------------------------
B40279 609,245 8,190,752 1.50 146.0 14.85 6.94
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B40280 609,260 8,190,782 1.10 25.0 3.47 4.40
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B42072 609,020 8,190,582 1.00 28.0 0.60 0.32
---------------------------------------------------------------------------
B42073 609,020 8,190,582 1.25 27.0 0.86 0.99
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B42074 610,172 8,191,450 1.00 13.0 1.26 1.49
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B42075 610,094 8,191,338 0.60 1.0 less than 0.01 0.01
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B42076 609,003 8,190,569 0.78 45.0 1.22 0.26
---------------------------------------------------------------------------
B42078 609,012 8,190,577 1.30 13.0 0.86 1.19
---------------------------------------------------------------------------
B42079 609,036 8,190,598 1.70 3.0 0.10 0.26
---------------------------------------------------------------------------
B42080 609,031 8,190,600 1.60 2.0 0.03 0.01
---------------------------------------------------------------------------
B42081 609,067 8,190,630 1.60 6.0 0.15 3.31
---------------------------------------------------------------------------
B42082 609,071 8,190,628 1.00 11.0 0.84 0.53
---------------------------------------------------------------------------
B42084 609,235 8,190,759 1.20 21.0 1.48 0.07
---------------------------------------------------------------------------
B42085 609,236 8,190,765 1.60 11.0 1.40 1.38
---------------------------------------------------------------------------
B42086 609,240 8,190,771 1.05 11.0 1.09 0.29
---------------------------------------------------------------------------
B42087 609,247 8,190,777 1.40 1.0 0.02 0.01
---------------------------------------------------------------------------
B42088 609,258 8,190,784 1.50 3.0 0.33 0.38
---------------------------------------------------------------------------
B42089 609,260 8,190,782 1.40 13.0 1.31 0.59
---------------------------------------------------------------------------
B42090 609,263 8,190,784 1.50 21.0 3.29 2.14
---------------------------------------------------------------------------
B42091 609,268 8,190,785 1.30 2.0 0.32 0.66
---------------------------------------------------------------------------
B42093 609,271 8,190,792 1.40 4.0 0.41 0.22
---------------------------------------------------------------------------
B42094 609,276 8,190,797 1.45 6.0 0.62 0.44
---------------------------------------------------------------------------
B42095 609,286 8,190,804 0.65 26.0 3.72 0.08
---------------------------------------------------------------------------
B42096 609,312 8,190,820 1.40 3.0 0.01 less than 0.01
---------------------------------------------------------------------------
B42097 609,327 8,190,830 1.45 2.0 less than 0.01 less than 0.01
---------------------------------------------------------------------------
B42098 609,334 8,190,830 1.40 1.0 less than 0.01 0.01
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To view a map of Location of the Rafaela Vein and the La Solucion Mill and producing veins, please visit the following link: http://www.ccnmatthews.com/docs/mill.pdf


To view a map of Sample location map for mineralized samples on the Rafaella Vein, please visit the following link: http://www.ccnmatthews.com/docs/ape921.pdf

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

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