SOURCE: Apolo Gold Inc.

March 20, 2006 09:00 ET

New International Director Appointed by Apolo Gold

VANCOUVER, BC -- (MARKET WIRE) -- March 20, 2006 -- Apolo Gold & Energy Inc. (OTC BB: APLL), is pleased to announce the appointment of Mr. David Tai Wai Yu, of Hong Kong to the Board of Directors.

Mr. Yu, a resident of Hong Kong, is an experienced independent financial professional with 30 years experience in securities, commodities and foreign exchange trading business. He has been employed by Rothschild & Sons, Shearson American Express, and Citibank.

Recently Mr. Yu participated in negotiations that resulted in long-term agreements between the Chinese government and an oil-producing nation in Africa in exchange for Chinese government-backed investment in economic development and trade, and infrastructure projects. He is currently working on similar projects in South America and Indonesia.

In January 2006, Mr. Yu completed a private placement of $560,000US at a price of $0.10 per share with Apolo Gold & Energy Inc.

Mr. Yu will assist the Company in its pursuit and evaluation of precious metal resource opportunities, particularly in Asia and Africa where he has worked on various projects for many years.

Safe Harbor Statement

All statements contained herein, as well as oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company's behalf, that are not statements of historical fact, constitute "forward-looking statements" and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties are outlined in the Company's Annual Report on Form 10-K for 2005 as filed with the Securities and Exchange Commission. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

APOLO GOLD & ENERGY INC
1209-409 Granville St.
Vancouver, B.C.
V6C 1T2

Contact Information

  • APOLO GOLD & ENERGY INC
    For further information, please contact:
    Brant W. Little B.B.A. Advisor to the Board
    Email Contact
    Tel 604-687-4150
    Fax 604-687-4155
    Website www.apologold.com