Apollo Applies to Amend Warrant Terms

VANCOUVER, British Columbia, May 23, 2023 (GLOBE NEWSWIRE) — Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) announces it has applied to the TSX Venture Exchange (“TSXV”) to reprice and the extend the expiry date of 35,266,667 common share purchase warrants (the “Warrants”) issued to subscribers under the Company’s private placement that closed on July 6, 2021. The Company proposes to extend the Warrant expiry date from July 8, 2023, to July 8, 2026, and reprice the Warrant exercise price for the third, fourth and fifth year of the amended Warrant term at $0.79 (the “Amended Terms”). All other terms of the Warrants will remain unchanged. The Amended Terms are subject to acceptance by the TSXV and approval of the Warrant holders by extraordinary resolution, as detailed below.

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