Apoquindo Minerals Inc.
TSX VENTURE : AQM

Apoquindo Minerals Inc.

July 08, 2008 04:00 ET

Apoquindo Minerals Announces Drill Results of 4m of 6.68% CuT, 5m of 4.93% CuT, and 11m of 3.97% CuT and Continues to Discover Over 1% CuT Oxide Zones and Extends Deposits in Several Directions

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2008) - Apoquindo Minerals Inc. ("Apoquindo" or the "Company") (TSX VENTURE:AQM) is pleased to announce the discovery of several new copper oxide zones at the Apoquindo Copper Oxide Project in Chile. The Apoquindo Minerals Copper Oxide project consists of two historically defined deposits, Elenita and Madrugador which are within 18 Km's of each other. Apoquindo is in the process of confirming and expanding the historical resource estimate to 43-101 compliant standards on the two deposits.

The Company has completed 34,638.50m of drilling in the Elenita and Madrugador deposits of which 29,358.5m are exploratory and infill and 5,280m are twinning. Drilling continues to expand both deposits in several directions.

Elenita Highlights Include:

- 4m of 6.68% CuT in hole RQE-090

- 5m of 4.93% CuT in hole RQE-081

- 51m of 1.22% CuT in hole RQE-056 including 6m of 3.07% CuT

- 23m of 2.21% CuT in hole RQE-086 including 11m of 3.97% CuT

- New Cu Oxide mantos discovered in Elenita towards N, E and S

- Mineralized zones remain open in several directions and at depth

- New high grade zone discovered under large MMI anomaly E of Elenita

Madrugador Highlights Include:

- 31m of 1.13% CuT in hole RQM-093 including 13m of 2.04% CuT

- 19m of 1.12% CuT in hole RQM-90

- 19m of 1.10% CuT in hole RQM-089

- Expansion of Madrugador Sur continues

At the Elenita Project, the Company continues the extension of most mantos to the North, East and West and the deposit is open at depth. Thicknesses of these mantos are between 2m and 30m. In addition, Apoquindo has discovered the presence of several high grade feeder zones associated with the mantos which supports the geological model being formulated by the Apoquindo technical team.



Select near surface intercepts at Elenita include:

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BEST DRILLHOLES INTERCEPTS AT ELENITA (Cut-off greater than 0.2% CuT)
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DRILLHOLE FROM (m) TO (m) INTERVAL (m) CuT (%)
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RQE-055 9 13 4 1.705
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154 174 20 0.772
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Includes 166 168 2 2.670
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Includes 169 172 3 1.000
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182 189 7 2.966
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RQE-056 101 152 51 1.219
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Includes 102 106 4 2.805
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Includes 113 119 6 3.072
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Includes 144 151 7 2.199
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RQE-057 145 160 15 1.218
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RQE-066 30 69 39 0.834
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RQE-073 125 130 5 1.636
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147 152 5 1.630
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178 194 16 0.870
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Includes 179 182 3 2.317
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214 219 5 1.566
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RQE-075 38 43 5 2.662
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RQE-081 91 96 5 4.932
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RQE-085 40 51 11 1.964
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Includes 41 45 4 2.215
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Includes 49 51 2 5.690
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RQE-086 59 65 6 1.950
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80 103 23 2.209
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Includes 89 100 11 3.965
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RQE-087 41 46 5 1.242
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RQE-089 14 42 28 0.736
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Includes 16 21 5 2.240
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Includes 24 26 2 1.540
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169 189 20 1.161
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Includes 181 185 4 4.205
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RQE-090 145 149 4 6.684
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Note: Further drill results are published on the Apoquindo website:
www.apoquindominerals.com.


At Madrugador South, Apoquindo continues to have success in drilling towards the south and north and the deposit remains open in both directions. Select Intercepts at Madrugador Include:



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BEST DRILLHOLES INTERCEPTS AT MADRUGADOR (Cut-off greater than 0.2% CuT)
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DRILLHOLE FROM (m) TO (m) INTERVAL (m) CuT (%)
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RQM-089 127 146 19 1.099
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RQM-090 13 32 19 1.115
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Includes 21 26 5 1.848
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RQM-092 51 67 16 0.858
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Includes 54 63 9 1.109
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204 210 6 1.508
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Includes 206 209 3 2.627
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212 219 7 1.686
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Includes 213 217 4 2.378
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222 224 2 0.860
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229 236 7 1.049
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Includes 230 233 3 2.100
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RQM-093 162 193 31 1.134
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Includes 163 165 2 1.325
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Includes 168 181 13 2.035
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198 203 5 1.398
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205 207 2 0.310
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The Company has commenced data compilation for its NI 43-101 Compliant Resource Evaluation which will be released in the third quarter of this year. Drill hole assay data received from both properties up to June 10th, 2008, will be utilized in the resources estimation. The NI 43-101 Resource Evaluation will be performed and audited by AMEC.

"We are increasing the extension of several known mineralized zones and also, we have found a new area in the Eastern part of Elenita under a large MMI anomaly," comments Alfredo Garcia, Exploration Manager of Apoquindo Minerals.

With this current exploration program, Apoquindo is in the process of confirming historical, near surface, resources of Elenita's 9.9M tons of 1.12% total copper at 0.2% cutoff and Madrugador's 2.14M tons of 1.10% total copper at a 0.4% cutoff in order to comply with National Instrument 43-101 standards. The two deposits were drilled in the mid nineties, by Princeton and Rayrock Yellowknife Resources, respectively and the above mentioned figures were reported by these companies prior to the NI 43-101 requirements and should therefore be considered historical resources and should not be relied upon. Furthermore, the results of the exploratory drilling will be reported in the same NI 43-101 Report.

Apoquindo has engaged AMEC to provide guidelines and consulting in the areas of Quality Assurance and Quality Control (QA/QC). Each duplicate, standard and blank is inserted every 20 samples. Assays are performed by ALS Chemex in Chile. To date, 34,136 samples results have been received including 1,707 standards and 1,707 duplicates which were analyzed by ALS Chemex Laboratories in Antofagasta, Chile. Dr. Tom Henricksen, a consultant geologist of the Company and the Company's Qualified Person for the purposes of NI 43-101, has approved the information contained in this news release.

About Apoquindo: Apoquindo Minerals Inc. (TSX VENTURE:AQM) is a Canadian based mineral exploration company whose principal purpose is the acquisition and development of base and precious metal deposits in South America. The Company is advancing its Apoquindo Copper Oxide Project in Chile comprised of highly prospective leachable copper deposits under option located in a historic mining district in the Antofagasta Region's Coastal Range.

Management and directors have extensive experience working with and for the world's largest mining companies as well as several mining juniors. Apoquindo Minerals has offices in Santiago, Chile, Lima, Peru and Vancouver, Canada and will continue to expand its business using its effective team of experts in Exploration, Geology, Metallurgy, Mine Engineering, Law and Finance.

ON BEHALF OF THE BOARD OF DIRECTORS

Cesar Lopez

APOQUINDO MINERALS INC.: This news release may contain forward-looking information including but not limited to comments regarding the timing and content of upcoming financings, work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking information includes disclosure regarding possible future events, or conditions or results of operations that is based on assumptions about future economic conditions and courses of action, and therefore, involves inherent risks and uncertainties. Although management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements.

The TSX Venture Exchange has not reviewed and does not take responsibility for the accuracy of this release.

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