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Qualified Persons

This independent Feasibility Study was prepared by TWP Sudamerica under the supervision of Professor Jim Porter a Fellow of the Southern African Institute of Mining and Metallurgy and Director of the Centre for Mechanised Mining Systems at the University of the Witwatersrand, and Graeme Farr, an independent qualified Process Engineer with 37 years experience in Mineral Processing, a Fellow of the South African Institute of Mining and Metallurgy and Senior Process Consultant for TWP Projects. The technical and scientific information in this press release has been reviewed and approved by Professor Jim Porter, Graeme Farr, Michael Cullen (P.Geo) and Eugene Puritch (P.Eng.), each of whom is independent of the Company and each of whom is a Qualified Person under NI 43-101.

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 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. There are currently 301,066,809 common shares of Apogee issued and outstanding.

Apogee's most advanced project is the 100% controlled Pulacayo-Paca project in Bolivia. This project includes the property that covered the second-largest silver mine in the history of Bolivia with a historical estimate of over 600 million ounces of past production.

About TWP Sudamerica

TWP Sudamerica S.A. based in Lima, Peru is a wholly-owned subsidiary of TWP Projects and the Basil Read Group, which is a capable international resource and infrastructure focused engineering project house with 30 years of experience. It provides a full range of engineering, architectural, finance and project management solutions. The TWP group employs in excess of 1,400 multi-disciplinary professionals and administrative personnel around the world. The company has a project portfolio with a capital value of more than US$15-billion and has offices in South Africa, Australia, Mozambique, Namibia, Peru and Chile. TWP Sudamerica's Peru office employs more than 150 professionals and is completing work in Chile, Colombia, Bolivia and Peru and Canada.

TWP Weblink: http://www.twp.co.za

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 results of the feasibility study and the mineral reserve and resource estimate, the potential effect of the metallurgical results, the impact and anticipated timing of future metallurgical results, potential effect of the toll milling and trial mining process and impact upon the future development of the property, the future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Pulacayo-Paca project, the ability to obtain financing; and the impact of concerns relating to permitting, regulation, governmental and local community relations. 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.

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/847348FIG1.pdf.



Contacts:
Apogee Silver Ltd.
Marilia Bento
Vice President Corporate Development
+1 (416) 309-2694
info@apogeesilver.com

Apogee Silver Ltd.
Neil T. Ringdahl
Chief Executive Officer
+1 (647) 339-4484
info@apogeesilver.com
www.apogeesilver.com