Apoquindo Minerals Inc.
TSX VENTURE : AQM

Apoquindo Minerals Inc.

July 16, 2008 08:55 ET

Apoquindo Minerals Reports Large IP/Resistivity Anomaly at the Huarman Au-Ag-Pb-Zn Prospect, Ancash, Peru; DIA Permit Received and Drilling Commencing in Late July

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 16, 2008) - Apoquindo Minerals Inc. ("Apoquindo" or the "Company") (TSX VENTURE:AQM) through its wholly owned Peruvian subsidiary, Minera KoriTambo SAC, ("KoriTambo"), has recently completed a geophysical program in advance of drilling at their Huarman polymetallic prospect south of Huaraz, Peru.

Huarman is a gold, silver, lead, zinc prospect with a north-south trending mineralized breccia zone which has been mapped for a strike length of at least 500 meters and 100 meters wide at surface. It has been well-delineated by the recent IP/resistivity geophysical study performed in late June by Arce Geophysics of Lima, which completed 11,000 meters of east-west profiles of induced polarization/resistivity and total field magnetometry. A strong coincident low resistivity/high chargeability induced polarization anomaly is associated with the known mineralized breccias at surface in the San Juan area and these anomalies extend to covered areas to the north and under the mountain to the south. The geophysics suggests that some of the mineralized breccias may be tabular. Also the IP delineates the large north-south fault on the prospect, recognized by offsets in stratigraphic units. Most of the mineralized breccias at Huarman are on the east, downdropped side of this regional fault.

The maps and figures for the geological, geochemical and geophysical programs at the Huarman Au-Ag prospect will be posted and available for viewing on the company's website at www.apoquindominerals.com.

The DIA project permit from the Peru government was issued on July 3rd, and the 2500 meter drilling program is scheduled to commence on July 20th. The first holes will be collared in the area of the well-mineralized San Juan Pit and underground workings where previously reported rock sampling (News Release May 6, 2008) consisted of 115 rock chip samples averaging 1.4 grams per ton gold and 36 grams per ton silver in silicified and phyllically altered volcanic breccias.

The principal host rocks at Huarman are brecciated andesites and dacites of the Calipuy Volcanics of Tertiary age. One of these breccias has been variably silicified and mineralized with gold and silver and accompanying lower grade lead, zinc, copper, and iron sulfides. Additional detailed surface sampling, trenching, and geology, are underway on the prospect.

Regarding QA/QC, KoriTambo is inserting duplicates, standards and blanks according to Instrument 43-101 standards. Assays are performed by ALS Chemex.

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

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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