Apoquindo Minerals Inc.

Apoquindo Minerals Inc.

August 05, 2009 10:19 ET

Apoquindo Minerals Inc. Announces Bruce Turner, Ex President of Escondida Mine as New President and CEO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 5, 2009) -


- Bruce Turner, former President of BHP Billiton's Escondida Copper Mine announced as new President & CEO of Apoquindo Minerals Inc.

- Alvaro Fernandez Baca, announced as GM for Peruvian subsidiary Minera KoriTambo SAC

- Reorganization of Senior Management

Apoquindo Minerals Inc. ("Apoquindo" or the "Company") (TSX VENTURE:AQM)(BVLAC:AQM) is pleased to announce that Bruce Turner, Mining Engineer and former President of BHP Billiton's Escondida copper mine in northern Chile, has been appointed the new President and CEO of Apoquindo Minerals Inc., effective August 1, 2009.

Mr. Turner, 59, is a Canadian citizen and a 23 year resident of Chile. During the majority of his 35 year mining career, he was employed in progressively more senior roles by BHP Billiton Limited, a large global mining and energy company, culminating in the position of President of Minera Escondida Ltda., the world's largest copper mine. He is fluent in English and Spanish. Mr. Turner holds a Bachelor of Applied Science degree in Mining Engineering (1974) from the University of British Columbia and a Doctor of Technology (Honorary Degree) from the British Columbia Institute of Technology. He has also completed the Advanced Management Course at Harvard Graduate School of Business Administration.

"With the appointment of Bruce Turner as President and CEO, Apoquindo Minerals has rounded out an experienced management team and board, specialized in copper, that will be able to shepherd its copper projects in Chile and Peru through the exploration and development stages," stated Jozsef Ambrus, PhD Economic Geologist with over 40 years of experience in copper and a board member of Apoquindo Minerals and of Antofagasta Plc.

"Furthermore, Apoquindo is pleased to announce that Alvaro Fernandez Baca has been appointed General Manager of its wholly owned Peruvian subsidiary, Minera Koritambo. Mr. Fernandez Baca, is a Peruvian and holds a Bachelor of Science in Geology (1996) from the University of Edinburgh, Scotland. He has 13 years of experience in exploration in Peru, and was formerly the General Manager for Gitennes Exploration, Inc., and also headed up the exploration program for Entrée Gold Inc.'s Shivo Tolgoy project in Mongolia.

Following these new appointments, the company has undergone a reorganization of its senior management. Cesar Lopez, LL.M., has been appointed Vice President of Legal, Business Development and Corporate Affairs; Juan Villarzu, will continue as Chairman of Apoquindo Minerals; Stephanie Ashton will assume the responsibilities of Chief Financial Officer, Bruno Behn has been appointed Vice President of Mining - Chile, and Winnie Wong has been appointed Corporate Secretary."

Cesar Lopez stated, "It has been my goal, and the goal of Apoquindo's board, to acquire attractive copper assets that we know can be developed to increase shareholder value, and to make sure the right team is in place to execute the work programs. Bruce Turner brings a wealth of operating, technical and management experience from over 35 years of development and production experience in the mining industry. Alvaro Fernandez Baca is a qualified, talented mining professional that will be a great asset to the team in the execution of our work in Peru. The reorganization of senior management will reinforce the company's ability to forge ahead with its current assets while continuing to assess key opportunities to add value for shareholders. I thank Apoquindo's board, management, employees and consultants for what we have achieved thus far, and look forward to what we will achieve together in the coming months."

The Company has also issued stock options to its employees and consultants for a total of 350,000 options to acquire common shares of the Company for a period of five years, exercisable at $0.65, subject to certain vesting provisions and the terms of the Company's Stock Option Plan.

ABOUT APOQUINDO: The Company 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 has two projects in Peru through its wholly owned Peruvian subsidiary, Minera Koritambo SAC: the Zafranal Copper-Gold Porphyry Project (recently optioned from Teck Resources Limited), located in the Paleocene Southern Peru Cu-Porphyry Belt, in the department of Arequipa, Peru and the Pachagon Porphyry Copper Project, located in the department of La Libertad, Peru. In Chile, the Company has a joint venture, Antakena Mining, with Minera S.A. to advance the Apoquindo Copper Oxide Project comprised of highly prospective leachable copper deposits under option located in a historic mining district in the Antofagasta Region's Coastal Range. 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 and will continue to expand its business using its effective team of experts in Exploration, Geology, Metallurgy, Mine Engineering, Law and Finance. Apoquindo is well positioned for success. Our Projects are uniquely valuable, and our knowledgeable management and directors provide a "pipeline" of growth opportunities.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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