APE Apogee Opportunities

Apogee Minerals Limited ("Apogee" or "the Company") (TSX VENTURE:APE) is pleased
to announce that its shareholders have approved all of the resolutions presented
at its annual and special meeting of shareholders (the "Meeting") held on March
11, 2011, including the election of the Company's proposed nominees to the Board
of Directors of Apogee. At the Meeting, 99% of votes cast, representing 28% of
the issued and outstanding shares of the Company, were voted in favour of the
election of the proposed Board members. 


The returning Board members re-elected are Mr. David Gower, the Chief Executive
Officer of the Company, Mr. Stan Bharti and Mr. Peter Bojtos. In addition, the
shareholders approved the election of Mr. G. Scott Paterson as a director and
Chairman of the Board, Mr. Maurice Colson, Ms. Marilia Bento and Mr. Francois
Perron as directors of the Company. 


Mr. Paterson is Vice Chairman of NeuLion Inc. (formerly JumpTV), having been
Chairman from January 2002 until October 2008. NeuLion is a world leader in
IPTV, counting the NFL, NHL, NBA and the NCAA as key clients and is a board
member of several public companies. He is also Chairman of the Merry Go Round
Children's Foundation and a Governor of Ridley College. From 1998 to December
2001, Mr. Paterson was Chairman and CEO of Yorkton Securities Inc., which under
his leadership became Canada's leading technology investment bank, raising over
$13 billion in equity for Canadian companies as managing and co-managing
underwriter. Mr. Paterson has served as the past Chairman of the Canadian
Venture Stock Exchange and as a former Vice Chairman of the TSX. In 2009, Mr.
Paterson obtained the ICD.D designation by graduating from the Rotman Institute
of Corporate Directors at the University of Toronto.


Ms. Bento is currently the Vice President, Corporate Development of the
Corporation. Ms. Bento has over 20 years of experience in the financial industry
and the Canadian capital markets. Previously Ms. Bento was Managing Director at
Macquarie Capital Markets Canada Ltd. and held the position of the Head of
Equity Capital Markets Canada. Marilia has participated financings for numerous
energy, mining, technology and healthcare companies, representing over 800
financings and over $46 billion in equity. Ms. Bento was also responsible for
building a retail network group that had over $45 billion of assets under
administration and comprised over 1,400 retail brokers across Canada. Prior to
the acquisition of Orion Securities by Macquarie Capital Markets Canada Ltd.,
Ms. Bento was on the Board of Directors of Orion from June 2000 until November
2007.


Mr. Colson has worked in the investment industry for more than 35 years and was
for many years managing director for a major Canadian investment dealer in the
United Kingdom. He is actively involved in providing strategic counsel and
assistance with financing to emerging private and public companies in Canada and
to Canadian companies operating in China, Africa, and South America. He sits on
the board of directors of several TSX and TSX Venture listed companies and is
the former President and CEO of Lithium One Resources. He continues to serve as
a director and is the Vice-Chairman of Lithium One Resources. Mr. Colson holds a
Masters of Business Administration degree.


Mr. Perron was recently appointed as the President and Chief Executive Officer
of Alexis Minerals Corporation and was previously the President and Chief
Executive Officer of Golden Goose Resources. Prior to joining Golden Goose
Resources, Mr. Perron was involved in the financial markets as a portfolio
manager. He recently managed a resource focused portfolio for NBC Alternative
Investments. Prior to joining NBC Alternative Investments in 2007, he ran
various resource funds for the Caisse de depot et placement du Quebec from 2001
to 2007. In 2006, he was recognized by Brendan Woods International as a Top Gun
Asset Manager in Mining. Prior to fund management, he was a research analyst
covering the forest product sector at Merrill Lynch. He has a Bachelor of
Science, Computer Science from McMaster University (1986) and an MBA from the
Hautes Etudes Commerciales which he obtained in 1992.


In addition, the Company is pleased to announce that Mr. David Hunter has been
appointed as the Chief Financial Officer of the Company following the
resignation of Mr. Greg Duras. Mr. Hunter was admitted to the Ontario Institute
of Chartered Accountants (CA) in 1996 after training with some of the largest
national accounting firms. He has extensive experience in setting up financial
systems for growing companies to ensure they meet proper financial governance.
Aside from public accounting experience, he has served in senior financial roles
including Chief Financial Officer, Vice President, Director and Controller in
both public and private companies. He earned an MBA in accounting and finance
from the University of Toronto. The Company would like to thank Mr. Duras for
his committed support and wish him the best with future endeavors. 


In connection with the appointments, the Company shall grant an aggregate of
600,000 stock options to certain directors and officers of the Company at an
exercise price of $0.28. The options shall vest immediately and will expire
within five years from the date of grant, in accordance with the terms of
Apogee's stock option plan and shall remain subject to a statutory hold period.
The options shall remain subject to receipt of all necessary regulatory
approvals, including the approval of the TSX Venture Exchange.


The Company also announces the resignation of Joaquin Merino as the Vice
President, Exploration. Apogee would like to acknowledge the significant
contributions of Mr. Merino, who since September 2006 has guided the Bolivia
team and the technical programs resulting in the delineation of substantial
mineral resources on the Pulacayo-Paca property. The Company wishes him the best
with future endeavors. 


David Gower, Chief Executive Officer of the Company commented, "On behalf of the
Company, I would like to extend my appreciation to shareholders for their vote
of confidence and continued support of Apogee and its corporate strategy.
Management and the Board of Directors will continue to focus on aggressively
pursuing Apogee's exploration and development strategy designed to build current
and long term value for all shareholders."


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


About Apogee Minerals Limited

Apogee Minerals Ltd. is an exploration stage company a 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 rapidly 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 100% owned Pulacayo-Paca project in Bolivia.
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 impact
of the election of the directors, the development of the Pulacayo-Paca 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.

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