Apoquindo Minerals Inc.

Apoquindo Minerals Inc.

May 13, 2008 08:55 ET

Apoquindo Minerals Options Pachagon Leachable Copper Prospect, Northern Peru

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 13, 2008) -


- Multi Percent copper Values in Secondary Chalcocite

- Principle target is near surface leachable copper ore

- Majority of prospect leased from ASC Peru, a wholly owned subsidiary of Apex Silver (AMEX:SIL)

Apoquindo Minerals Inc. ("Apoquindo" or the "Company") (TSX VENTURE:AQM) through its wholly owned subsidiary, Minera KoriTambo SAC, has signed option to purchase agreements for the Pachagon porphyry copper prospect in the Department of La Libertad, Peru. The principal target at Pachagon is leachable copper ore in secondary chalcocite hosted in both the sedimentary rocks and the granodiorite porphyry.

At Pachagon, mineralized moderate to strong phyllic alteration is recognized over an area of 5 square kilometers. Secondary chalcocite and copper oxides, as much as 60 meters in thickness, have been recognized in limited previous drilling. Multi-percent secondary copper, as chalcocite and copper oxides, is noted in old tunnels where the chalcocite blanket crops out on the side of the mountain.

The Pachagon porphyry copper prospect is located 60 km northeast of Trujillo and 15 km northwest of the village of Otuzco, a at an elevation of between 2800 and 3200 m. The area has a long and colorful history of gold mining by artisanal miners.

Strongly leached, former quartz-sulfide stockwork mineralization is recognized over an area of 1200 meters by 600 meters at Pachagon, affecting both the intrusions and the sedimentary rocks. This strongly leached zone corresponds to a quartz-k feldspar vein stockwork overprinted by intense phyllic, quartz-sulfide stockwork that is central to a 5 square kilometer zone of moderate to intense phyllic alteration.

Two agreements were signed with the respective underlying owners for a total of US$4.5 million over the next 4 years. These agreements also include NSR arrangements for 1.5% to 2% respectively with options to buy them back for a total of US$4.5 million.

There are no historic copper resources at Pachagon. It has seen limited previous drilling by Canadian junior Altai Resources in the 90's (seven short holes - total 350 meters) and Anaconda (subsidiary of Antofagasta Holdings) in year 2002 (three holes - total 663 meters).

The following results have been reported from private reports (PCH holes drilled by Anaconda in 2002 and MAD holes drilled by Altai Resources in 1995).

Hole # From(m) To(m) Interval(m) % Cu

PCH-01 96 170 74 0.44
Including 134 158 24 0.67

PCH-02 98 110 12 1.04

PCH-03 84 88 4 2.63

MAD-2 0 48.6 48.6 0.60
Including 27.0 47.2 20.2 1.08

MAD-3 0 50.3 50.3 0.57
Including 17.6 23.8 6.2 2.47

There are no records of the sampling and assay techniques nor are there any survey results for the exact location of the holes, thus the results are not in compliance with the rules of Instrument 43-101 and should not be relied upon.

Apoquindo president, Cesar Lopez, comments that "the Pachagon leachable copper prospect in Peru complements the Company's flagship property in Chile, the Apoquindo Copper Oxide Project near Antofagasta. We look forward to aggressively exploring the copper potential at Pachagon."

Currently KoriTambo is initiating negotiations with respect to the social agreement with the local village of Llaugeda and preparing for the permitting necessary in the District of Otuzco. Geologic mapping and detailed sampling of the leached capping are also underway. These activities will be followed by IP geophysics and 2500 meters of core drilling later this year.

Regarding QA/QC, KoriTambo is currently inserting duplicates, standards and blanks according Instrument 43-101 standards for the surface sampling. Assays are performed by ALS Chemex in Peru.

The maps and figures for the sampling program at the Pachagon Prospect will be posted and available for viewing on the company's website at www.apoquindominerals.com.

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

About Apoquindo Minerals

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 ore bodies under option which are located in the coastal range of the Antofagasta region.

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


Cesar Lopez


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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