Apogee Minerals Ltd.

Apogee Minerals Ltd.

September 04, 2007 09:05 ET

Apogee Minerals Appoints Chief Financial Officer and Vice President Exploration and Grants Stock Options

TORONTO, ONTARIO--(Marketwire - Sept. 4, 2007) - Apogee Minerals Ltd. ("Apogee" or "the Company") (TSX VENTURE:APE) is pleased to announce the appointment of Gregory Duras as Chief Financial Officer. Apogee is also pleased to announce the appointment of Joaquin Merino as Vice President Exploration.

"I am extremely pleased to welcome Mr. Duras and Mr. Merino to Apogee Minerals," stated David Gower, CEO of the Company. "Mr. Duras brings with him more than a decade of senior corporate finance experience for TSX-listed companies. With this level of experience, coupled with his in-depth knowledge of the resource sector, Mr. Duras will be a key member of the executive team. Mr. Merino also brings more than a decade of international mining and exploration geology experience and will be based in Bolivia where he will be a key contributor to executing the growth plans for the company. We would also like to thank Ms. Battiston and Mr. Currie for their contributions and wish them the best in their future endeavours."
Prior to assuming this role, Mr. Duras held the position of Vice President of Finance and Administration for a mineral exploration and mining development company, with responsibility for financial reporting, project financing, auditing and budgeting activities. Mr. Duras is a Certified General Accountant and a Certified Professional Accountant, and holds a Bachelor of Administration from Lakehead University in Canada.

Joaquin Merino brings strong leadership skills and has eleven years of work experience as an explorationist and underground mine geologist in Spain, Portugal, Chile, Argentina, Peru, Bolivia, Venezuela and Papua New Guinea. He has experience exploring for gold, silver and base metals in high and low sulphidation porphyry gold-copper deposits as well as volcanic massive sulphide, skarn, alkaline hosted and alluvial gold deposits. As a mine geologist he has experience in precious metal narrow veins and polymetallic underground mines. Mr. Merino has demonstrated skills at planning and supervising exploration programs for grassroots projects through to economic evaluation of mining operations. He also has experience underground mine grade control, reserve evaluation, mine planning, definition drilling, data base management and mine reconciliation. He worked closely with Doug Currie in developing Apogee's project portfolio and as such brings excellent continuity to the program. Being based in Bolivia he provides a strong management link to our staff, contractors and partners in Bolivia. Mr. Merino has a Masters of Science degree in Geology from Queens University in Canada and a B.Sc degree in Geology from the University of Seville, Spain.

In addition to this appointment, the Company announces that it has granted directors, officers and consultants of the company a total of 1,150,000 options. The options are exercisable at $0.41 per share and are for a term of five years.

About Apogee Minerals Limited

Apogee Minerals Ltd. is a Canadian producer of silver-zinc-lead and also carries out exploration and development activities. 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 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. 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.


Contact Information