Apogee Announces Appointment of Mark Eaton as an Advisor to the Board and Stock Option Grant

Toronto, Ontario – August 24, 2010 – Apogee Minerals Limited (“Apogee” or “the Company”) (TSX Venture Exchange: APE) is pleased to announce that it has appointed Mark Eaton as an advisor to the Company. Mark Eaton is currently the Chief Executive Officer and President of Belo Sun Mining Corp., and previously served as Partner of Loewen Ondaatje McCutcheon Ltd., from January 2007 to March, 2008. Mr. Eaton is an experienced investment professional with more than 20 years of experience in equity capital markets specializing in the resource sector. Mr. Eaton served as Vice President of Global Mining Sales of Robert Fleming Ltd. from 1996 to 1998.

David Gower, CEO of Apogee, stated “we are very fortunate to have Mr. Eaton take a role in assisting the company. Mr. Eaton has many years of experience and extensive contacts with institutional investors and will assist Apogee in improving its communication with investors”.

In addition, the Company granted a total of 1,895,000 options pursuant to the stock option plan of the Company to various officers, directors and consultants of the Company. The options have an exercise price of $0.10 per option exercised and will vest immediately subject to a statutory four month hold period. The options will expire five years from the date of grant and are subject to receipt of all necessary regulatory approvals.

About Apogee Minerals Limited

Apogee Minerals Ltd. is an exploration stage company listed on the TSX Venture Exchange under the symbol APE. Apogee targets advanced silver-zinc-lead projects in South America that demonstrate potential to be developed to production. Currently its projects are located in the historic silver producing regions of southwest Bolivia and northern Chile.
Its most advanced project is the Pulacayo-Paca project in Bolivia, which is an option to joint venture with Golden Minerals Company. This project includes the property that covered the second-largest silver mine in the history of Bolivia with over 600 million ounces of past production.

For Further Information Contact:

Ana Lopes, Investor Relations – phone: + 416 861-2264
Email: info@apogeesilver.com