Apogee To Implement Share Consolidation

TORONTO, ONTARIO--(Marketwired - June 12, 2015) - Apogee Silver Ltd. ("Apogee" or the "Company") (TSX VENTURE:APE) will consolidate its common shares on the basis of one new common share for every 65 common shares outstanding effective as of today, June 12, 2014.

Apogee currently has 450,816,059 common shares outstanding and, following the share consolidation on a sixty-five for one basis, will have approximately 6,935,631 common shares outstanding. The change in the number of issued and outstanding common shares that will result from the share consolidation will not materially affect any shareholder's percentage ownership in Apogee, although such ownership would be represented by a smaller number of common shares.

A letter of transmittal has been be sent by mail to shareholders advising that the share consolidation has taken effect and instructing shareholders to surrender the certificates evidencing their common shares for replacement certificates representing the number of common shares to which they are entitled as a result of the consolidation. Until surrendered, each certificate will be deemed for all purposes to represent the number of common shares to which the holder thereof is entitled as a result of the consolidation.

The share consolidation was approved by the shareholders of Apogee at the annual general and special meeting held on June 17, 2014. Further details regarding the share consolidation are contained in the Company's Information Circular dated May 20, 2014, which has been filed under the Company's profile on SEDAR at www.sedar.com.

The share consolidation remains subject to the final approval of the TSX Venture Exchange.

About Apogee Silver Ltd

Apogee Silver Ltd. is a mineral exploration and development stage company listed on the TSX Venture Exchange under the symbol APE. Apogee targets advanced, high grade silver-zinc-lead projects in South America. Currently its projects are located in the historic silver producing regions of northern Chile.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Statements containing forward-looking information express, as at the date of this news release, the Transaction, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and the Company does not intend, and does not assume any obligation to, update such statements containing the forward-looking information. Such forward-looking statements and information include, but are not limited to statements as to: the accuracy of estimated mineral reserves and resources, anticipated results of future exploration, and forecast future metal prices, anticipated results of future electrical sales and expectations that environmental, permitting, legal, title, taxation, socio-economic, political, marketing or other issues will not materially affect estimates of mineral reserves. These statements reflect the company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.