Apoquindo Minerals Inc.

Apoquindo Minerals Inc.

February 11, 2010 08:30 ET

Apoquindo Expands Main Zone Intercepting 181 Metres of 0.60% Copper Including 47 Metres of 1.30% Copper at Zafranal

- ZFRC10-041 expands Main Zone 125 metres, returning 181m of 0.60% copper, including 47m of 1.30%, with hole ending in mineralization

- ZFDDH09-06, which twinned previously drilled RC hole ZFRC04-009, increased widths and grades returning 181.05m of 0.59% copper including 41m of 0.98% copper with hole ending in mineralization

- East West trending Main Zone mineralization has been defined over 1.2km of strike length

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 11, 2010) - Apoquindo Minerals Inc. (TSX VENTURE:AQM) ("Apoquindo" or "the Company") through its wholly owned Peruvian subsidiary, Minera KoriTambo SAC ("KoriTambo"), is pleased to announce more exceptional drill results from the Zafranal project located in the northwestern extension of the Southern Peru Copper Porphyry Belt near the city of Arequipa.

Three diamond core rigs and one RC rig are currently drilling on the property along the 3.5km+ strike length of the elongated porphyry copper-gold system. The company has received results from two diamond drill holes (DDH) and two reverse circulation (RC) holes which are summarized in the table below. 18 RC holes and 8 diamond drill holes have been completed thus far by Apoquindo with the majority intersecting mineralization. Drilling continues and more results are expected shortly.

See drill plan map: http://www.apoquindominerals.com/s/Zafranal.asp

Hole # From To Interval (m) Cu% Au (g/t)
ZFRC10-041 119 300 181 0.60 0.07
Incl. 120 167 47 1.30 0.12
ZFRC10-042 124 223 99 0.54 0.06
Incl. 154 171 17 1.25 0.08
ZFDDH09-05 99.7 192.2 92.5 0.62 0.08
Incl 101 119.5 18.5 1.78 0.20
ZFDDH09-06 166.95 348 181.05 0.59 0.11
Incl 169 210 41 0.98 0.09
*0.2%Cu cut-off , minimum 6 metre interval

Hole ZFRC10-041 was drilled on section 794500E and is a 125 metres step-out south of previously reported ZFRC09-036 (60m @ 0.7%Cu and 76m @ 0.34%Cu).

Hole ZFRC10-042 was drilled on section 794000E, 200 metres north/east of previously reported ZFRC09-033 (112m @ 0.79% Cu).

Hole ZFDDH09-05 was a step-out 85 metres south of previously reported hole ZFRC09-034 (167m @ 0.89%Cu), along section 793500E.

Hole ZFDDH09-06 was a core drill hole which twinned RC hole ZFRC04-009 previously drilled by Teck Cominco Peru S.A. ("Teck") along section 794200E. The results from the Apoquindo hole demonstrate a significant increase in grade, particularly in the deeper portions of the zone. Using a 0.2% Cu cut-off grade, the Teck hole ZFRC04-009 yielded 94m (174-268m) @ 0.61% Cu & 0.05g/t Au, including 28m (178-206m) @ 0.96% Cu & 0.06g/t Au. The 2010 Apoquindo hole intersected 181.05 m (166.95 – 348m) of 0.59% Cu & 0.11g/t Au, including 41 meters (169 – 210m) of 0.98% Cu & 0.09g/t Au. These results suggest that RC drilling during Teck´s campaign may have underestimated copper and gold values in certain portions of the deposit.

Drilling through early February has focused on a 1.2 km long segment of the 3.5+ km east–west trending intensely mineralized Main Zone; one of five porphyry targets within the Zafranal project.

"These excellent assay results continue to prove the growing size of the Zafranal Main Zone and have gone beyond our expectations. Holes ZFRC10-041 and ZFRC09-06 both ended in mineralization, leaving the deposit open at depth as well as to the east, west and south. Furthermore, our twinning of a Teck RC hole shows that some historic holes may have under-reported the true copper grades, thus significantly increasing the size potential of the Zafranal Main Zone," says Bruce Turner, President and CEO Apoquindo Minerals.

The Company continues an aggressive drill program at Zafranal with the plan to drill 40,000 meters that will include grid drilling the Main Zone, testing of the east and west extensions of the Main Zone, deep drilling on the Main Zone, and testing several of the satellite targets during 2010.

KoriTambo can acquire an initial 51% interest in the Zafranal copper-gold porphyry project from Teck, subject to Teck's right to earn-back to a 60% interest. The agreement also provides options for KoriTambo to increase its interest to 60% and to 100% if Teck does not exercise its earn-back in right within 60 days of the Company exercising the option for the initial 51%. In the event the Company ultimately acquires 100% interest in the Zafranal project, a 1% net smelter returns royalty is payable to Teck.

The Company has established a rigorous QA/QC program at Zafranal which includes the insertion of blanks, duplicates and certified standards into the sample stream. Core is photographed on site and subsequently sawed in half, with one half sent for analysis and the other is stored for future reference and assay verification. RC chips are split twice on site using a riffle splitter, with 25% of the sample being sent to the laboratory for assay and the rest stored for future verification purposes. All Zafranal samples are shipped to ALS Chemex´s sample preparation facility in the city of Arequipa, where they are crushed and pulverized. Prepared samples are shipped to ALS Chemex´s certified laboratory in Lima where they are analysed for gold, copper and multi-element ICP.

Dr. Tom Henricksen, consultant geologist of the Company and Chief Geologist for Minera KoriTambo, the Company's Qualified Person for the purposes of NI 43-101, has approved the information contained in this news release.


Bruce Turner, President and CEO

ABOUT APOQUINDO: The Company is a Canadian based mineral exploration company whose principal purpose is the acquisition and development of base metal deposits in South America. Through its wholly owned Peruvian subsidiary, Minera Koritambo SAC, the company is developing the Zafranal Copper-Gold Porphyry Project located in the Southern Peru Cu-Porphyry Belt. Please refer to www.apoquindominerals.com for further information regarding the Company and its projects.

Management and directors have extensive experience working for the world's largest mining companies as well as several junior exploration companies. Apoquindo Minerals has offices in Santiago, Chile, Lima, Peru and Vancouver, Canada.


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