Apollo Amends Warrant Terms

VANCOUVER, British Columbia, July 05, 2023 (GLOBE NEWSWIRE) — Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that on July 4, 2023 it held its previously announced (Note 1) special meeting of Warrant holders to approve by extraordinary resolution proposed amendments to the terms of the 35,266,665 warrants issued to subscribers under the Company’s private placement that closed on July 6, 2021 (the “Warrants”). Pursuant to the approved amendments, the expiration date of the Warrants has been extended from July 8, 2023 to July 8, 2026 and the exercise price for the third, fourth and fifth year of the amended term has been set at $0.79 (the “Amended Terms”). A total of 17,471,282 Warrants were voted in person or by proxy, representing 49.54% of the outstanding Warrants, with 13,487,783 (77.2%) voting in favour of the Amended Terms and 3,983,499 (22.8%) opposed. The TSX Venture Exchange has granted final acceptance of the Amended Terms as of July 4, 2023.

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