SOURCE: Apolo Gold & Energy Inc.

May 11, 2006 12:09 ET

Apolo Commences Drilling on NUP

VANCOUVER, BC -- (MARKET WIRE) -- May 11, 2006 -- Apolo Gold & Energy Inc. (OTC BB: APLL) advises that drilling personnel are on site at its NUP gold property in Indonesia and the planned program is underway.

The purpose of the drilling program is to extend the known depth of the mineralized zone and it is expected to take up to three months to complete this phase. The adit intercepts #1 vein about 35 meters below the surface and the drilling program planned will attempt to determine additional depth in the zone. Drill targets will be at the 80-meter level and at 130-meter level and the holes will be spaced at 50-meter intervals on an east-west direction. The drilling will be carried out by Intan Mulia CV of Jakarta Indonesia. The drilling will be HQ core size and will be under the supervision of a consulting geologist, Mr. Sonny Gerson who will log and split the core. It is expected that the program will be completed by the middle of August 2006.

The Company also intends to commence a drilling program this summer on the Beowawe project in Northern Nevada. The contemplated program will be designed to test the down dip projections of several steeply dipping quartz veins that cross the property in an east-west direction. Discussions are underway with drilling contractors to determine availability and timing of their drilling equipment.

The property covers the intersection of the Northern Nevada Rift with the more locally prominent Malpais range-front fault zone. The Malpais fault zone controls the location of the Beowawe geothermal field in the project area. The Beowawe property encompasses one of the largest and hottest active hot spring systems in the Great Basin. Surficial sinters and near-surface siliceous veins are still being precipitated.

Management is continuing to review and assess other mining and oil and gas opportunities throughout the world with a view to expanding its exploration interests.

Safe Harbor Statement

All statements contained herein, as well as oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company's behalf, that are not statements of historical fact, constitute "forward-looking statements" and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties are outlined in the Company's Annual Report on Form 10-K for 2005 as filed with the Securities and Exchange Commission. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact Information

  • For further information, please contact:
    Brant W. Little B.B.A.
    Advisor to the Board
    Tel: 604-687-4150
    Fax: 604-687-4155
    e-mail: Email Contact

    1209-409 Granville St.
    Vancouver, B.C. V6C 1T2