Apoquindo Minerals Inc.
TSX VENTURE : AQM

Apoquindo Minerals Inc.

August 24, 2007 16:41 ET

Apoquindo Minerals Announces Acquisition in Historic Copper District in Region II Chile

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2007) - Apoquindo Minerals Inc. ("Apoquindo" or the "Company") (TSX VENTURE:AQM) is pleased to announce that it has negotiated an arrangement to acquire the Madrugador copper deposit in the Sierra Valenzuela District, 30 miles north-northwest of the Mantos Blancos Mine in Region II Chile. The Madrugador concession totals 817 hectares and surrounds the Sierra Valenzuela copper deposit, originally drilled by Rayrock Mines and now held by a third party. The Sierra Valenzuela oxide copper deposit contains a reported historic resource of 10,500,000 tonnes having a grade of 1.7% copper, which was drilled prior to 2001. Apoquindo intends to drill the down dip potential of the stratiform mineralization for the purpose of determining the potential extension of the Sierra Valenzuela copper deposit.

Access to the property is from the Pan American Highway 35 km to the north from the Mantos Blancos mine (113 m.t. 1.86% Cu - Anglo American) on the private road to Minera Sierra de Miranda. The infrastructure is excellent on roads that are maintained all year. Total drive time from Antofagasta is approximately one hour and 10 minutes.

The Madrugador Project is located in the Sierra Valenzuela Trend Zone, which runs parallel to the Atacama Fault System. There are several large and medium mines in the area, other than the Mantos Blancos Mine, including Sierra de Miranda (Mohammed Duk), Ivan and Zar (Milpo), and Rencoret (Antofagasta Holdings). Cu oxide mineralization is principally represented by chrysocolla and atacamite within manto-type deposits hosted in gently dipping stratified volcanic and volcaniclastic rocks of the La Negra Formation of Jurassic age. There are also minor vein deposits and some irregularly shaped "bolsones" noted in the district. Minor amounts of disseminated chalcocite, chalcopyrite and bornite are also noted at Madrugador.

Apoquindo geologists believe that the manto-type copper mineralization could continue underneath post-mineral cover toward flat areas on the Madrugador prospect to the east, north, and west away from the Sierra Valenzuela manto-type copper oxide deposits. Much of the Madrugador property has not been drill tested. Apoquindo will be re-locating drill sites and check sampling to conform to NI 43-101 levels of quality assurance.

The terms for the option to buy Madrugador from the Chilean private owners are as follows:



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Payments Amount US$
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On Signing 150,000
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12 months 350,000
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24 months 1,000,000
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30 months 1,000,000
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36 months 1,000,000
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42 months 1,000,000
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48 months 1,500,000
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TOTAL 6,000,000
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The offer includes a Royalty of 1.5% NSR (net after tax) on production.

"Signing the Madrugador option is an important step forward for our company," said Jozsef Ambrus, Chairman of Apoquindo. "The property offers an excellent ground for an aggressive exploration campaign in the Antofagasta coastal range, a highly prospective area for copper oxide deposits."

Apoquindo Minerals is currently conducting aggressive mineral exploration for base metal and gold-silver properties in South America. The company's emphasis is acquiring and developing oxide copper prospects in Chile and Peru as well as acquiring and exploring properties with the potential for mega-deposits of copper and gold potential in Latin America. Apoquindo Minerals has South American offices in Santiago, Chile, and Lima, Peru.

Qualified Person: This news release has been approved by Apoquindo's Qualified Person for Instrument 43-101, consultant geologist Dr. Thomas Henricksen.

ON BEHALF OF THE BOARD OF DIRECTORS

Apoquindo Minerals Inc.

Cesar Lopez, President & CEO

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

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