Apollo Gold

March 16, 2005 07:32 ET

Apollo Gold Corporation Announces the Appointment of Richard P. Graff, C.P.A. to the Board of Directors of the Company


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: APOLLO GOLD

TSX SYMBOL: APG
AMEX SYMBOL: AGT

MARCH 16, 2005 - 07:32 ET

Apollo Gold Corporation Announces the Appointment of
Richard P. Graff, C.P.A. to the Board of Directors of
the Company

DENVER, COLORADO--(CCNMatthews - March 16, 2005) - Apollo Gold
Corporation (TSX:APG)(AMEX:AGT) ("Apollo Gold" or the "Company") is
pleased to announce the appointment of Mr. Richard P. Graff C.P.A. as a
new member of the board of directors effective immediately and will also
be appointed to the audit committee.

Mr. Graff has over twenty-eight years of experience with
PricewaterhouseCoopers LLP which includes extensive experience with the
resources industries, most recently as partner-in-charge of its U.S.
mining industry practice, before his retirement. Mr. Graff has also
worked on numerous special task force groups related to the mining
industry, including service in an advisory position to the minerals
industry with the "Emerging" Issues Task Force of the Financial
Accounting Standards Board and other regulatory agencies. Mr. Graff is
currently an independent consultant and is the owner of the Graff
Consulting Group LLC.

Mr. R. David Russell, President, CEO and director of Apollo Gold,
commented on the appointment of Mr. Graff: "Mr. Graff brings to the
board a very strong background in resource company accounting as well as
extensive experience working with the SEC and other regulatory agencies.
With the increasing level of review of public companies, Mr. Graff's
experience will be most helpful to Apollo Gold and its shareholders in
meeting these requirements. The board is looking forward to working with
Richard."

About Apollo Gold

Apollo Gold is a gold mining company with operating mines in Nevada and
Montana and an advanced stage development project, Black Fox, along the
productive Destor-Porcupine Fault east of the Timmins Gold Camp in
Ontario, Canada. Apollo has also recently started a new exploration
project in the Sierra Madre Mountains of Mexico on a project referred to
as Huizopa.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Apollo Gold Corporation, Denver
    Dave Young
    VP Business Development
    720-886-9656 ext. 55 or Toll-Free: 877-465-3484
    info@apollogold.com
    www.apollogold.com