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Apogee Silver Ltd. (TSX VENTURE:APE) ("Apogee" or the "Company") has been
awarded an environmental licence by the Bolivian authorities sanctioning mining
operations at its Pulacayo project. The permit (Certificado de dispensacion
Categoria 3 para exploracion y actividades mineras menores/EMAP) allows for
underground exploration and trial mining up to 200 tonnes per day as specified
in the original application and represents Apogee's first milestone in the
development of its 100% owned Pulacayo mine in southern Bolivia. The Company
views this development as a strong vote of support by the Bolivian government in
Apogee's ability to explore and operate in Bolivia, given its strong ties with
the Pulacayo Mining Cooperative and the community.


The Company intends to initiate production by custom milling ore from the
Pulacayo mine until such time as a planned 400 tonne per day pilot plant is
operational which is expected in 2012. Net proceeds raised from its recently
completed $25 million bought deal private placement financing (See Press Release
dated May 3, 2011) will be used towards achieving the following anticipated
short & medium term milestones:




--  Commence rehabilitation of the underground mine in August/September
    2011; 
    
--  commence underground mining operations in October/November 2011; 
    
--  produce 1st ore from the underground mine in the 4th quarter 2011; 
    
--  produce an updated resource statement in the 4th quarter 2011; 
    
--  continue the exploration program through to year-end 2011 (originally
    planned for completion in July); 
    
--  conclude the design of a 400tpd pilot concentrator plant and tailings
    storage facility (4th quarter 2011); 
    
--  obtain an environmental permit for the construction & operation of a
    pilot concentrator at Pulacayo (2nd quarter 2012); and 
    
--  commence with the feasibility study for a large mine in the 3rd quarter
    2011 (completion in 1st half 2012). 



Apogee plans to provide regular updates to this project development schedule
going forward. 


According to David Gower, P.Geo. and CEO of Apogee "This permit and subsequent
development provides the Company with several strong advantages beyond early
cash flow; it provides an opportunity to start mine development and complete
studies for optimizing mining methods, the pilot plant will provide a definitive
metallurgical flow sheet prior to designing the large mill and Apogee will hire
and train a core work force in Bolivia that will be available to transition to
full scale mining later." 


About Apogee Silver Ltd.

Apogee 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. 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.


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 anticipated
timing and development of the Pulacayo project, future financial or operating
performance of the Company, its subsidiaries and its projects, statements
regarding the development of the Pulacayo-Paca project and the ability of the
Company to adhere to its anticipated project development schedule and
anticipating timing and receipt of all necessary licences and permits required
with respect to the Pulacayo project.. 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 statements that certain
actions, events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved". Forward-looking information is based on the opinions
and estimates of management as of the date such statements are made and they are
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. Although management of 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 are 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 that is included herein, except in accordance with
applicable securities laws.

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