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Apollo Clarifies Certain Technical Disclosure

VANCOUVER, British Columbia, July 15, 2021 (GLOBE NEWSWIRE) — Apollo Gold & Silver Corp. (“Apollo” or the “Firm”) (TSX.V: APGO) because of a evaluation by the British Columbia Securities Fee, is issuing the next information launch to make clear its current disclosure referring to historic assets on the tasks it acquired in its transaction with Stronghold Silver Corp. The Firm confirms the existence of historic estimates on the Waterloo and Langtry, as follows:

Property Supply Class Grade Tonnes Cutoff Ounces
Waterloo Pan American 2013 Inferred 86 g/t Ag 37,079,349 20 g/t Ag 102,953,457
Langtry Moran et al., 2012 Indicated 1.48 choose Ag 12,700,000 0.76 choose Ag 18,809,000
Inferred 1.40 choose Ag 30,400,000 0.76 choose Ag 42,623,000

(1). Reference to historic assets at Waterloo Venture, check with an inner firm doc ready by Pan American Minerals Corp., dated 2013, unpublished. Reference to historic assets at Langtry check with Moran et al, 2012, which was an inner report on the Langtry Silver Venture, San Bernardino County, California: ready for Athena Silver Corp, April 2012. [Accessed April 30, 2021].

The historic mineral assets mentioned on this press launch have been calculated utilizing mining trade commonplace practices for estimating Mineral Useful resource and Mineral Reserves (2005) which was previous to the implementation of the present CIM requirements for mineral useful resource estimation (as outlined by the CIM Definition Normal on Mineral Sources and Ore Reserves dated Could 10, 2014). The reader is cautioned to not deal with them, or any a part of them, as present mineral assets or reserves. An impartial Certified Individual (‘QP’), has not carried out ample work to categorise the estimate mentioned as present mineral assets or reserves and subsequently the estimate needs to be handled as historic in nature and never present mineral assets or mineral reserves. The historic assets have been included merely to show the mineral potential of the tasks. An intensive evaluation of all historic information carried out by a QP, together with further exploration work to verify outcomes, can be required so as to produce a present mineral useful resource estimate for all tasks.

The Firm additionally declares that it has eliminated its company presentation from its web site whereas it reviews the contents for compliance with Nationwide Instrument 43-101. For better certainty, the Firm confirms that it doesn’t have a present mineral useful resource on any of it tasks. The revised company presentation shall be uploaded onto our web site with applicable amendments sooner or later.

Certified Individual

Dean Besserer, P.Geol., Vice President Exploration, is a Certified Individual as outlined by Nationwide Instrument 43- 101 and has reviewed and permitted the technical content material on this information launch.

About Apollo Gold and Silver Corp.

Apollo Gold and Silver Corp. has assembled an skilled and technically sturdy management group who’ve joined to advance world class valuable metals tasks in tier-one jurisdictions. The corporate is focussed on advancing its portfolio of three important pure silver exploration and improvement tasks; the historic Waterloo and Langtry tasks, in San Bernardino California and Silver District Venture in Arizona.

ON BEHALF OF THE BOARD OF DIRECTORS

Tom Peregoodoff
Chief Government Officer

For additional info, please contact:

Tom Peregoodoff
Chief Government Officer
Phone: +1 (604) 428-6128
tomp@apollogold.com

Neither TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.

Cautionary Assertion Concerning “Ahead-Trying” Info

Statements on this information launch which can be forward-looking statements are topic to varied dangers and uncertainties regarding the particular elements disclosed right here and elsewhere within the Firm’s periodic filings with Canadian securities regulators. When used on this information launch, phrases corresponding to “will”, “might”, “plan”, “estimate”, “anticipate”, “intend”, “could”, “potential”, “seem”, “ought to,” and comparable expressions, are forward-looking statements.

Though Apollo Gold and Silver Corp. has tried to determine necessary elements that would trigger precise outcomes, efficiency or achievements to vary materially from these contained within the forward-looking statements, there might be different elements that trigger outcomes, efficiency or achievements to not be as anticipated, estimated or meant. There might be no assurance that such info will show to be correct or that administration’s expectations or estimates of future developments, circumstances or outcomes will materialize. On account of these dangers and uncertainties, the outcomes or occasions predicted in these forward-looking statements could differ materially from precise outcomes or occasions.

Accordingly, readers shouldn’t place undue reliance on forward-looking statements. The forward-looking statements on this information launch are made as of the date of this information launch, and the Firm disclaims any intention or obligation to replace or revise such info, besides as required by relevant regulation.

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