Apollo Announces Commencement of Management Transition

VANCOUVER, British Columbia, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) reports that the Board of Directors of the Company have, with regret, accepted a notice of retirement from Tom Peregoodoff, President and CEO. The effective date of Tom’s retirement from his executive role is June 30, 2024. The board has begun the succession process and will update the market when it has been completed.

Apollo’s Chairman of the Board, Andew Bowering commented; “Tom has played a critical role in the development of Apollo Silver from the acquisition of our Calico Project through the advancement of the project to where it now sits as one of the largest undeveloped silver projects in the USA. I speak on behalf of the entire board and team in saying we look forward to continuing to work with Tom during this transition and in offering our best wishes to him when he starts the next chapter of his life. During the transition, the board will focus on identifying candidates with the background and experience that will continue to advance Calico and grow Apollo. We continue to believe that Apollo provides a compelling investment opportunity for investors looking for exposure to responsibly sourced silver development opportunities.”

“It has been an absolute pleasure to work with the board and team here at Apollo” commented Tom Peregoodoff. “I could not be prouder of the work we have been able to accomplish since we started in 2021. Calico and Apollo are very well placed to benefit from strengthening market conditions and during the transition I look forward to supporting the team as we continue to look for opportunities to add value to Apollo.”

ON BEHALF OF THE BOARD OF DIRECTORS

Tom Peregoodoff
Chief Executive Officer

For further information, please contact:

Tom Peregoodoff
Chief Executive Officer
Telephone: [phone]
[e-mail]

About Apollo Silver Corp.

Apollo Silver Corp. has assembled an experienced and technically strong leadership team who have joined to advance world class precious metals projects in tier-one jurisdictions. The Company is focused on advancing its portfolio of two significant silver exploration and resource development projects, the Calico Project, in San Bernardino County, California and Silver District Project in La Paz County, Arizona.