Apogee Minerals Ltd.
TSX VENTURE : APE

Apogee Minerals Ltd.

June 10, 2008 07:30 ET

Apogee Intersects High Grade Silver, Up to 1,046 g/t Silver, at Pulacayo Deposit, Bolivia

TORONTO, ONTARIO--(Marketwire - June 10, 2008) - Apogee Minerals Ltd. (TSX VENTURE:APE) today announced it has received the assay results from an additional 24 diamond drill holes completed at the Pulacayo Deposit in southern Bolivia (Figure 1 & 2).

Highlights include the following intercepts, complete results are listed in Table 1 below:



- PUD-081 - 20.75 meters grading 185.98 g/t silver, 0.75% lead and
2.49 % zinc
Including 8.5 meters grading 235.46 g/t silver, 0.91% lead
and 4.37 % zinc
- PUD-084 - 14.00 meters grading 317.11 g/t silver, 0.30% lead and 1.13 %
zinc
Including 4.15 meters grading 1,046.02 g/t silver, 0.58% lead and
2.65 % zinc
- PUD-088 - 23.80 meters grading 305.51 g/t silver, 1.70% lead and 3.39 %
zinc
Including 7.80 meters grading 573.87 g/t silver, 2.97% lead and
3.07% zinc
- PUD-092 - 41.42 meters grading 212.60 g/t silver, 1.12% lead and 3.16 %
zinc
Including 12.09 meters grading 355.41 g/t silver, 0.98% lead and
2.29 % zinc
- PUD-097 - 35.00 meters grading 215.55 g/t silver, 1.33% lead and 1.76 %
zinc
Including 11.00 meters grading 351.00 g/t silver, 2.14% lead and
1.40 % zinc
- PUD-101 - 20.00 meters grading 316.83 g/t silver, 0.93% lead and 2.47 %
zinc
Including 9.00 meters grading 475.89 g/t silver, 0.62% lead and
1.57 % zinc


According to David Gower, P.Geo., CEO of Apogee; "The drilling at Pulacayo continues to expand the mineralized zone and we continue to see good grades. An important characteristic of this deposit is that along with the high silver grades the mineralization contains a significant component of lead and zinc, which should provide an important contribution to the potential value of this deposit. The deposit remains open for further expansion along strike, however we will wind down the drill program in order to commence the resource estimate and economic evaluation of the part of the deposit that has been delineated to date. We expect the results of this drill campaign will add a significant new resource and increase the over all grade at the Pulacayo Paca project."

Drilling for this phase of the program is winding down and further drill results will be released as they are received. Apogee has commenced an internal resource estimate, which will be completed when final assays have been received. The data will then be provided to an independent third party in order to validate a NI 43-101 resource estimate for the portion of the Pulacayo Deposit that has been drilled. This estimate will form the basis for completing an economic evaluation of the project.

The project is an option to joint venture with Apex Silver Mines Ltd. in which Apogee can earn up to a 60% interest in the Project (see press release dated 13/09/05) by completing a feasibility study. Under the agreement Apogee must complete a feasibility study by July 30, 2009.

Quality Control

The Company employs a QA/QC protocol on all aspects of the analytical procedures. Core samples are sawn and one half of the NQ and HQ core is restored to the core box for future reference. One half of the core is sent for analysis. Samples are taken in approx. 1.0 meter intervals or less. Sample preparation is completed at the ALS Chemex preparation lab in Oruro, Bolivia and assayed at ALS Chemex in Lima, Peru, using multi-acid digest/ AAS technique, method ME-AA46 for Ag, Pb, Zn and Cu. A blank sample is inserted every 20th sample and standard samples representing a range of grades are inserted at intervals of 1 in 20 samples. Five percent of pulps are re-analyzed at ALS Chemex Lab in Lima, Peru.

The Quality Control and all aspects of the exploration program are supervised by Apogee's Vice President of Exploration, Joaquin Merino and Mr. Merino has reviewed the technical information in this press release.

This press release has been reviewed and approved by Dr. Fernando Tallarico P. Geo., 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 drill hole data on the existing resource estimate and the Company's understanding of the Property. 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.



Table 1: Assay results for drill holes PUD-068 to PUD-078 Pulacayo Project.
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Hole No UTM-E (m) UTM-N (m) Azimuth Angle From (m)

---------------------------------------------------------------------
PUD-079 740,225 7,744,490 000 -44 138.00
Including 177.00
Including 189.57
Including 189.57
---------------------------------------------------------------------
---------------------------------------------------------------------
PUD-080 740,314 7,744,407 354 -50 315.00
Including 315.00
---------------------------------------------------------------------
---------------------------------------------------------------------
PUD-081 740,046 7,744,448 000 -49 255.00
Including 263.25
Including 258.00
Including 263.25
---------------------------------------------------------------------
---------------------------------------------------------------------
PUD-082 740,348 7,744,472 000 -42 171.00
---------------------------------------------------------------------
---------------------------------------------------------------------
PUD-083 740,408 7,744,485 333 -10 42.00
Including 43.35
And 135.00
Including 181.00
---------------------------------------------------------------------
---------------------------------------------------------------------
PUD-084 740,314 7,744,407 354 -45 202.00
Including 272.00
Including 300.00
Including 300.00
---------------------------------------------------------------------
---------------------------------------------------------------------
PUD-085 740,348 7,744,472 352 -33 168.00
Including 176.00
---------------------------------------------------------------------
---------------------------------------------------------------------
PUD-086 740,401 7,744,503 000 -14 90.00
And 111.00
Including 111.00
---------------------------------------------------------------------
---------------------------------------------------------------------
PUD-087 740,408 7,744,485 333 -22 139.00
Including 170.50
Including 170.50
---------------------------------------------------------------------
---------------------------------------------------------------------
PUD-088 740,314 7,744,407 354 -53 311.00
Including 326.00
Including 340.20
Including 340.20
Including 356.25
---------------------------------------------------------------------
---------------------------------------------------------------------
PUD-089 740,381 7,744,527 000 -45 21.00
And 113.00
---------------------------------------------------------------------
---------------------------------------------------------------------
PUD-090 740,381 7,744,527 000 -57 154.70
Including 156.00
Including 160.00
---------------------------------------------------------------------
---------------------------------------------------------------------
PUD-091 739,994 7,744,494 000 -15 91.40
And 207.20
---------------------------------------------------------------------
---------------------------------------------------------------------
PUD-092 740,199 7,744,425 000 -59 239.00
Including 282.00
Including 285.58
Including 298.85
Including 312.00
---------------------------------------------------------------------
----------------------------------------------------------------------
PUD-093 740,034 7,744,506 000 -35 160.00
Including 167.45
Including 167.45
----------------------------------------------------------------------
----------------------------------------------------------------------
PUD-094 740,200 7,744,426 17 -57 362.38
Including 369.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PUD-095 740,074 7,744,524 355 -20 100.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PUD-096 740,046 7,744,415 000 -50 330.00
Including 335.00
Including 343.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PUD-097 740,408 7,744,485 333 -31 171.00
Including 187.00
Including 206.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PUD-098 740,134 7,744,543 000 -54 129.00
Including 153.00
And 178.00
Including 183.00
Including 189.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PUD-099 740,175 7,744,496 000 -28 147.00
Including 158.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PUD-100 740,069 7,744,435 000 -21 194.00
Including 194.00
Including 196.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PUD-101 740,171 7,744,429 000 -48 232.00
Including 242.50
Including 267.50
Including 280.00
Including 293.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PUD-102 740,408 7,744,485 333 -38 256.00
----------------------------------------------------------------------
----------------------------------------------------------------------


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Core Estimated
Hole No To (m) Length True Width Ag (g/t) Pb (%) Zn (%)
(m) (m)
--------------------------------------------------------------------------
PUD-079 231.00 93.00 77.10 46.99 0.7 1.26
Including 200.00 23.00 19.07 137.60 1.85 1.88
Including 200.00 10.43 8.65 230.89 2.87 1.94
Including 195.00 5.43 4.50 424.62 4.95 2.14
--------------------------------------------------------------------------
--------------------------------------------------------------------------
PUD-080 357.00 42.00 20.85 73.80 0.50 1.90
Including 332.00 17.00 8.44 159.56 0.69 2.59
--------------------------------------------------------------------------
--------------------------------------------------------------------------
PUD-081 304.00 49.00 38.08 110.65 0.52 2.01
Including 284.00 20.75 16.13 185.98 0.75 2.49
Including 266.50 8.50 6.61 235.46 0.91 4.37
Including 266.50 3.25 2.53 577.21 1.48 6.05
--------------------------------------------------------------------------
-------------------------------------------- ------ ----------------------
PUD-082 193.50 22.50 19.08 21.68 0.19 0.85
--------------------------------------------------------------------------
--------------------------------------------------------------------------
PUD-083 50.60 8.60 7.17 238.50 3.42 2.24
Including 47.00 3.65 3.04 467.53 6.89 3.61
And 206.00 71.00 59.21 52.46 0.38 1.80
Including 190.30 9.30 7.76 128.18 0.56 4.56
--------------------------------------------------------------------------
--------------------------------------------------------------------------
PUD-084 314.00 112.00 63.81 68.09 0.46 1.36
Including 314.00 42.00 23.93 142.79 0.52 2.05
Including 314.00 14.00 7.98 317.11 0.30 1.13
Including 304.15 4.15 2.37 1,046.02 0.58 2.65
--------------------------------------------------------------------------
--------------------------------------------------------------------------
PUD-085 191.00 23.00 16.64 42.65 0.69 2.64
Including 184.60 8.60 6.22 68.95 1.04 4.16
--------------------------------------------------------------------------
--------------------------------------------------------------------------
PUD-086 101.00 11.00 10.97 106.55 0.58 0.54
And 122.00 11.00 10.97 117.64 0.93 0.91
Including 114.00 3.00 2.99 395.67 0.42 0.76
--------------------------------------------------------------------------
--------------------------------------------------------------------------
PUD-087 220.00 81.00 60.63 48.09 0.61 1.71
Including 208.00 37.50 28.07 94.80 1.01 1.99
Including 188.00 17.50 13.10 180.17 1.60 1.97
--------------------------------------------------------------------------
--------------------------------------------------------------------------
PUD-088 364.00 53.00 23.89 169.16 0.89 1.92
Including 364.00 38.00 17.13 235.01 1.19 2.41
Including 364.00 23.80 10.73 305.51 1.70 3.39
Including 348.00 7.80 3.52 573.87 2.97 3.07
Including 362.00 5.75 2.59 444.44 2.01 5.62
--------------------------------------------------------------------------
--------------------------------------------------------------------------
PUD-089 30.00 9.00 7.37 105.64 0.5 0.25
And 124.70 11.70 9.58 53.20 0.56 1.81
--------------------------------------------------------------------------
--------------------------------------------------------------------------
PUD-090 193.00 38.30 26.12 67.57 0.67 1.05
Including 170.00 14.00 9.55 128.79 1.23 1.31
Including 168.00 8.00 5.46 199.00 1.71 1.06
--------------------------------------------------------------------------
--------------------------------------------------------------------------
PUD-091 102.62 11.22 11.18 76.60 2.10 0.02
And 211.00 3.80 3.79 79.11 1.52 5.60
--------------------------------------------------------------------------
--------------------------------------------------------------------------
PUD-092 330.00 91.00 59.70 121.10 0.85 1.99
Including 328.00 46.00 30.18 192.25 1.04 2.97
Including 297.67 12.09 7.93 355.41 0.98 2.29
Including 327.00 28.15 18.47 159.72 1.22 3.59
Including 327.00 15.00 9.84 220.71 1.65 3.12
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PUD-093 194.00 34.00 30.81 57.44 1.17 2.15
Including 185.44 17.99 16.30 99.69 2.03 3.22
Including 176.00 8.55 7.75 153.22 3.35 4.49
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PUD-094 391.00 28.62 18.85 84.21 0.46 0.73
Including 376.00 7.00 4.61 163.86 0.99 0.75
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PUD-095 108.00 8.00 6.90 115.45 2.10 1.16
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PUD-096 352.40 22.40 17.16 69.57 0.22 1.32
Including 348.20 13.20 10.11 116.49 0.29 1.94
Including 348.20 5.20 3.98 282.19 0.40 1.42
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PUD-097 224.00 53.00 35.12 144.42 0.94 1.54
Including 222.00 35.00 23.20 215.55 1.33 1.76
Including 217.00 11.00 7.29 351.00 2.14 1.40
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PUD-098 161.00 32.00 23.02 34.38 0.75 2.37
Including 161.00 8.00 5.76 57.38 1.22 4.84
And 215.00 37.00 26.62 48.82 1.06 2.90
Including 193.00 10.00 7.19 138.46 2.47 6.03
Including 193.00 4.00 2.88 304.40 5.15 10.69
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PUD-099 167.00 20.00 19.02 33.92 0.56 1.71
Including 162.00 4.00 3.80 123.95 1.70 3.20
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PUD-100 213.00 19.00 18.65 81.15 1.33 1.74
Including 203.00 9.00 8.84 161.10 2.58 2.85
Including 199.40 3.40 3.34 402.08 6.19 5.17
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PUD-101 319.00 87.00 68.56 128.09 0.84 1.73
Including 264.70 22.20 17.49 97.35 1.65 2.18
Including 317.00 49.50 39.01 179.72 0.67 1.90
Including 306.00 26.00 20.49 257.71 0.86 2.38
Including 302.00 9.00 7.09 475.89 0.62 1.57
---------------------------------------------------------------------------
---------------------------------------------------------------------------
PUD-102 264.00 8.00 4.68 17.63 0.23 0.87
---------------------------------------------------------------------------
---------------------------------------------------------------------------


To view Figure 1: Pulacayo - Paca Project location map, please visit the link below:

http://media3.marketwire.com/docs/apemap1.pdf

To view Figure 2: Vertical Longitudinal Section of the upper part of the Tajo Vein System, showing intersection locations and planned drill holes, including underground drilling, please visit the link below:

http://media3.marketwire.com/docs/apemap3.pdf

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

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