Apogee Minerals Ltd. ("Apogee" or the "Company") (TSX VENTURE:APE) is pleased to
report assay results from recently completed surface and underground rock
sampling and geological mapping program undertaken at the Pulacayo Project. The
Pero and Socovan areas occur along strike to the southeast and west respectively
from the existing resource at Pulacayo (Figure 2 below). Sampling in these areas
provides confidence that the mineralization continues well beyond the area that
has been drilled to date and will assist in targeting the expanded drill
program. Apogee has mobilized a second drill to the project to accelerate
drilling. See the Table 1 below for a complete summary of the sampling.


The Pacamayo area represents a separate mineralized system that occurs
approximately 1.5 km to the north of the Pulacayo Deposit (Figure 2) and is a
target with high grade silver values (up to 5,270 g/t over 1.2 meters in channel
samples - see table below) that will be delineated by future drilling in an area
with historical artisanal mining.


Joaquin Merino, Apogee's Vice President of Exploration states, "We are very
encouraged by the results from the mapping and sampling programs at the
Pacamayo, Pero, and Socavon Flores areas. These mineralized areas are well
outside of the current resource and provide strong evidence of the potential to
significantly extend the resource well beyond the currently drilled areas It
also demonstrates the excellent potential for developing new near surface
resources within the Project area. 




                Table 1 Sample Location and Assays
                ----------------------------------
----------------------------------------------------------------------------
                                             Estim-                         
                                               ated
                                               True                         
                                               Wid-                         
Sample  UTM-E   UTM-N                   Sample   th      Ag    Pb    Zn   Cu
 No.      (m)     (m)   Zone   Level      Type  (M)   (g/t)   (%)   (%)  (%)
----------------------------------------------------------------------------
PY-001 741303 7744099   Pero Surface   Channel 1.20   73.90  1.47  0.07 0.01
----------------------------------------------------------------------------
PY-002 741304 7744104   Pero Surface Composite    -   476.0  0.60  0.02 0.01
----------------------------------------------------------------------------
Py-003 741200 7744066   Pero Surface   Channel 1.00     262  1.10  0.02 0.02
----------------------------------------------------------------------------
PY-004 741202 7744102   Pero Surface   Channel 2.00   15.00  0.19  0.01 0.00
----------------------------------------------------------------------------
PY-005 741254 7744148   Pero Surface   Channel 2.50   41.40  0.43  0.02 0.00
----------------------------------------------------------------------------
PY-006 741254 7744148   Pero Surface   Channel 0.80  218.00  2.31  0.06 0.02
----------------------------------------------------------------------------
PY-007 741257 7744157   Pero Surface Composite    -   41.90  0.26  0.01 0.01
----------------------------------------------------------------------------
PY-008 741269 7744150   Pero Surface   Channel 3.50   43.60  0.38  0.01 0.01
----------------------------------------------------------------------------
PY-009 741254 7744195   Pero   Shaft Composite    - 1015.00  8.59 25.70 0.22
----------------------------------------------------------------------------
                     Socavon   Level                                        
PY-021 739844 7744670 Flores     116   Channel 1.20  178.00  5.63 24.50 0.01
----------------------------------------------------------------------------
                     Socovan   Level                                        
PY-022 739844 7744670 Flores     166   Channel 0.60  373.00 10.80 16.65 0.01
----------------------------------------------------------------------------
                     Socovan                  
PY-023 739666 7744458 Flores Surface Composite    -  405.00 17.70 30.00 0.01
----------------------------------------------------------------------------
                     Socovan
PY-024 739620 7744627 Flores Surface Composite    -   88.00  4.00 13.25 0.01
----------------------------------------------------------------------------
                       Paca-   Level                                        
PY-026 740688 7745874   mayo    Cero   Channel 1.20 5270.00  4.69  2.41 1.87
----------------------------------------------------------------------------
                       Paca-   Level                                        
B50630 740688 7745874   mayo   Cerro   Channel 1.30 1340.00  4.06  1.16 0.68
----------------------------------------------------------------------------



Pulacayo is a high sulphidation epithermal system associated with a dacitic dome
complex covering an area approximately 2.5 km wide by 2.7 km long. The Tajo
Vein, located along the southern boundary of this system, was the main source of
historical ore production. It is also the area where Apogee Minerals has
delineated NI 43-101 resources associated with the Pulacayo Deposit (see Press
Release dated October 28, 2008 and the NI 43-101 technical report dated December
2008 and filed on the SEDAR profile of the Company at www.sedar.com), and is
continuing to expand the mineralization with its ongoing drilling program. (see
Press Releases dated July 14th 2010, April 19th 2010, March 15th, 2010, and
January 15th 2010). 


The Pacamayo area is located about 1.5 km north of the current resource and
diamond drilling area. It is a vein system comprised of more than five
mineralized structures, on which there is no known previous exploration
drilling. Two samples were taken from within a historical adit developed along
one of the structures, with both samples returning silver values in excess of
1000 g/t (Table 1, Figure 1).


The Pero area is a stock work zone located approximately 1.0 km southeast along
the strike of the current resources and diamond drilling area at Pulacayo. A
total of nine samples were collected from mineralized veins within a 200 m by
100 m area. All of the samples returned significant silver values with a highest
of 1015.0 g/t. (Table 1, Figure 1). This stock work zone may represent a
separate mineralized structure, but this will need to be confirmed by drilling.


The Socavon Flores area is located approximately 400 m to the west of the
current resources and diamond drilling area at Pulacayo. Four samples were
collected from a historical adit which was developed along a structural splay of
the Tajo Vein. All of the samples returned significant values of silver with a
highest of 405.0 g/t (Table 1, Figure 1).


Quality Control 

The Company employs a quality assurance/quality control protocol on all aspects
of the diamond drilling, sampling and analytical procedures. The Quality Control
and all aspects of the exploration program are supervised by Apogee's Vice
President of Exploration, Joaquin Merino, P. Geo, a qualified person as defined
by NI 43-101. Mr. Merino has reviewed and approves the scientific and technical
information presented in this press release.


For detailed project information please refer to Apogee's web site at
www.apogeeminerals.com.


This release has been reviewed and approved by Chris Collins, P. Geo., President
of Apogee and a qualified person as defined by NI 43-101.


About Apogee Minerals Limited

Apogee Minerals 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.


Its most advanced project is the Pulacayo-Paca project in Bolivia, which is an
option to joint venture with Golden Minerals Company. This project includes the
property that covered the second-largest silver mine in the history of Bolivia
with over 600 million ounces of past production. 


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 with respect to the future financial or operating performance of
the Company, its subsidiaries and its projects, statements regarding the drill
program at Pulacayo, development of the Pulacayo project, statements regarding
exploration prospects, and requirements for additional capital. 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". 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: financing not being
available at desired prices; general business, economic, competitive, political
and social uncertainties; the actual results of current exploration activities;
timing and availability of external financing on acceptable terms; conclusions
of economic evaluations; changes in project parameters as plans continue to be
refined; future prices of mineral prices; failure of plant, equipment or
processes to operate as anticipated; accidents, labour disputes and other risks
of the mining industry; and, delays in obtaining governmental approvals or
required financing or in the completion of activities. 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: Pulacayo Project location map, please visit the following
link: http://media3.marketwire.com/docs/apogee_0111_fig_1.pdf


To view Figure 2: Sample Location Map, please visit the following link:
http://media3.marketwire.com/docs/apogee_0111_fig_2.pdf
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