Apollo Gold Provides Update on Initiatives in Peru

Vancouver, British Columbia, February 12, 2021 – Apollo Gold & Silver Corp. (TSX.V: APGO) (“Apollo” or the “Company”) provides an update on its recent initiatives in Peru.
As announced on October 13, 2020, Apollo entered into letters of intent in relation to two exploration projects at Muylaque and Libertador in Peru. Completion of these transactions was conditional, amongst other things, on satisfactory, 43-101 compliant Technical Reports and Title Opinions being completed on both projects in a timely manner. Issues related to COVID 19 have hampered this process and the Company has still not been provided with these reports and has taken the decision not to pursue these Projects further at this time. It will instead focus on its other ongoing initiatives and its existing assets.


“Simon Clarke”
Simon Clarke, Chief Executive Officer

About Apollo Gold & Silver Corp. (TSX.V: APGO)
Apollo Gold has assembled a team that is exploring for world class gold and silver deposits in tierone jurisdictions with an initial focus on Chile and Peru which both combine exceptional geology with supportive regulatory and fiscal regimes. Positioned for a prolonged gold cycle, the Company has secured rights to highly prospective concessions in Chile. The Company’s initial project encompasses 5,329-hectares in the heart of the Republic of Chile’s prolific El Indio Gold Belt surrounded by some of the largest gold companies/mines in the world. Apollo’s team offers global resource sector experience focused on exploration and development with a track-record in advancing projects and creating shareholder value.

For further information, please contact
Apollo Gold Corp.
Simon Clarke
Tel: +1 (604) 551-9665

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding “Forward-Looking” Information
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in the Company’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “appear”, “should,” and similar expressions, are forward-looking statements.
Although Apollo Gold Corp. has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.

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