VANCOUVER, British Columbia, August 25, 2025 (Investorideas.com Newswire) Apollo Silver Corp. (TSX.V:APGO) (OTCQB:APGOF) ( Frankfurt:6ZF0) is pleased to announce a number of positive developments at its Calico Silver Project ("Calico" or the "Calico Project") located in San Bernardino County, California.
Apollo announces the appointment of Tony Gonzales, P.Geo., as Senior Project Manager. With more than 35 years of exploration experience, including nearly two decades with BHP and leadership roles at Fission Uranium, Tony brings extensive expertise in advancing projects from exploration through production.
Ross McElroy, President and CEO of Apollo, commented:
"Calico consists of a major, high confidence silver resource surrounded by one of the most prospective land packages in the region. Thanks to the success of prior work programs, we already have an exciting list of exploration targets, including high-grade silver, gold, and barite. Now, with the appointment of Tony Gonzales, we have one of the industry's top exploration team leaders to take Calico into its next phase of growth."
The Company has amended its Option to Purchase Agreement with David K. Strachan as Trustee of the Bruce & Elizabeth Strachan Revocable Living Trust. The amendment extends the option expiry date from December 24, 2025 to December 24, 2034 and increases the purchase price to the greater of US$7.0 million or the spot price of 250,000 troy ounces of silver. The amendment also sets annual option maintenance payments totaling US$3.9 million, creditable toward the purchase price.
Apollo has received approval from the San Bernardino County Land Use Services Department for its third extension of the TUP, allowing exploration drilling activities at the Waterloo Property for another 12 months.
George Kenline, a California-licensed Engineering Geologist and Hydrogeologist, joins as technical advisor. Genesg, a global consulting firm specializing in permitting, ESG, and stakeholder engagement, also joins Apollo's advisory team to support Calico's advancement.
The scientific and technical information contained in this news release was reviewed and approved by Isabelle Lépine, M.Sc., P.Geo., Apollo's Director of Mineral Resources and a Qualified Person as defined by NI 43-101.
Apollo is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite credits, a critical mineral for the US energy and medical sectors. Apollo also holds an option on the Cinco de Mayo Project in Mexico, a high-grade carbonate replacement deposit. The company is led by an experienced and award-winning management team.
For more information, visit www.apollosilver.com
Ross McElroy
President and CEO
Email: info@apollosilver.com
Telephone: +1 (604) 428-6128
This news release includes "forward-looking statements" within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking, including exploration plans, benefits of the Strachan Option Extension, and project advancement. Forward-looking statements are subject to risks and uncertainties. Readers should not place undue reliance on these statements.
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