VANCOUVER, British Columbia, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Apollo Silver Corp. ('Apollo Silver” or the 'Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce a non-brokered private placement offering of up to 50,000,000 shares of the Company (the 'Shares”) at a price of $0.20 per Share, for aggregate gross proceeds of up to $10,000,000 (the 'Offering”).

All securities issued in connection with the Offering will be subject to a four-month hold period from the date of closing. Finder's fees may be payable on any or all of the funds in accordance with the policies of the TSX Venture Exchange (the 'TSX-V”). The Company intends on using the net proceeds from the Offering to continue advancing the Calico Silver Project in San Bernardino, California, to invest in community relations initiatives at its newly optioned Cinco de Mayo Silver Project in Chihuahua, Mexico (see news release dated September 23, 2024), for ongoing property maintenance costs at both projects, and for general corporate purposes.