Apogee Minerals Ltd.

Apogee Minerals Ltd.

March 08, 2007 16:05 ET

Apogee Extends Expiry Date of Warrants

TORONTO, ONTARIO--(CCNMatthews - March 8, 2007) - Apogee Minerals Ltd. (TSX VENTURE:APE) has received conditional approval from the TSX Venture Exchange to extend the terms of 787,500 warrants with an exercise price of $0.55 set to expire on March 26, 2007 such that the new expiry date would be September 26, 2007 and further to extend the terms of 1,546,509 warrants with an exercise price of $0.55 set to expire on May 10, 2007 such that the new expiry date would be November 10, 2007. These warrants were originally issued pursuant to a private placement financing of 5,626,123 common shares with 2,813,062 common share purchase warrants attached which was accepted by the TSX Venture Exchange on November 16, 2005.

Building A Premier Emerging Silver Producer

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 projects in South America that demonstrate the potential to receive capital investment and 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 hosts a 120 tonne per day flotation mill. The Pulacayo-Paca project is a Joint Venture with Apex Silver Mines Ltd. on the second-largest silver mine in the history of Bolivia with over 600 million ounces of past production. The Buena Vista Project is a high-grade gold-silver project with historic production dating back over 200 years.

Regulatory Footnotes:

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

Contact Information

  • Apogee Minerals Ltd.
    John Carlesso
    President & C.E.O.
    (416) 861-5881