Apogee Announces New Chief Financial Officer

TORONTO, ONTARIO--(Marketwired - Oct. 26, 2015) - Apogee Silver Ltd. ("Apogee" or the "Company") (TSX VENTURE:APE) announces the appointment of Mr. Paul Bozoki as the Chief Financial Officer of the Company, replacing Mr. Greg Duras.

Mr. Bozoki is a Chartered Accountant with approximately 20 years of accounting, tax and corporate finance experience. Since October 2010, Mr. Bozoki has served as Chief Financial Officer of several TSX and TSX Venture-listed companies. Previously, Mr. Bozoki served as Chief Financial Officer of boutique firms in the real estate and private equity industries. Mr. Bozoki began his career at Ernst & Young LLP where he spent six years in the audit practice. Mr. Bozoki has an MBA from the Richard Ivey School of Business and a Bachelor of Commerce from Queen's.

The management and board of directors of the Company would like to thank Mr. Duras for his service and continued support of the Company.

About Apogee Silver Ltd.

Apogee Silver Ltd. is a mineral exploration and development stage company listed on the TSX Venture Exchange under the symbol APE. Apogee targets advanced, high grade silver-zinc-lead projects in South America.

Cautionary Note Regarding Forward-Looking Information:

This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements, projections and estimates with respect to management changes and the potential effect of the proposed management and corporate changes. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Estimates underlying the results of the feasibility study arise from engineering, geological and costing work of TWP Sudamerica, Mercator Geological Services, P&E Mining Consultants and the Company. See the technical report relating to the feasibility study for a description of all relevant estimates, assumptions and parameters. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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