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APGO.V ·

Apollo Increases Marketing Activities

Corporate Updates

Apollo Increases Marketing Activities

VANCOUVER, British Columbia - August 30, 2022 – Apollo Silver Corp. (TSXV: APGO) (OTCQB: APGOF) (FSE:

6ZF0) (“Apollo” or the "Company") is pleased to announce that it has engaged 121 Group (HK) Ltd. ("121

Group"), to help build Company awareness and increase exposure within the global mining investment

community. The services will include media relations, investor engagement, content dissemination and other

investor relations services, via the 121 Group’s vetted investor network, which will be provided by a team

based primarily in London, England.

Pursuant to the agreement, 121 Group will commence services effective September 1, 2022, for an initial six-

month term, which may be terminated with 30 days notice following the initial minimum contract period.

121 Group will receive a monthly fee of US$3,500 for their services. After the initial contract period, the

agreement will continue, if agreed upon by both parties, on a month-by-month basis.

121 Group is an arm's length party to the Company and, to the Company's knowledge, does not currently

own any securities of the Company, but may purchase securities of the Company from time to time for

investment purposes. The Company's agreement with 121 Group is subject to acceptance from the TSX

Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS

Tom Peregoodoff

Chief Executive Officer

For further information, please contact:

Tom Peregoodoff

Chief Executive Officer

Telephone: +1 (604) 428-6128

Email: [email protected]

About Apollo Silver Corp.

Apollo Silver Corp. has assembled an experienced and technically strong leadership team who have joined to

advance world class precious metals projects in tier-one jurisdictions. The Company is focused on advancing

its portfolio of two significant silver exploration and resource development projects, the Calico Silver Project,

in San Bernardino County, California and Silver District Project in La Paz County, Arizona.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding “Forward-Looking” Information

This news release includes “forward-looking statements” and “forward-looking information” within the meaning of

Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are

forward-looking statements including, without limitation, statements with respect to the potential of the Calico Project;

the potential for identification of gold and barite resources at Calico; the potential to expand the resource estimate and

upgrade its confidence level, including prospective mineralization on strike and at depth; timing of drilling and

exploration activities. Forward-looking statements include predictions, projections and forecasts and are often, but not

always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”,

“budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be

achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the

management of the Company made in light of its experience and its perception of trends, current conditions and

expected developments, as well as other factors that management of the Company believes to be relevant and

reasonable in the circumstances at the date that such statements are made. Forward -looking information is based on

reasonable assumptions that have been made by the Company as at the date of such information and is subject to

known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity,

performance or achievements of the Company to be materially different from those expresse d or implied by such

forward-looking information, including but not limited to: risks associated with mineral exploration and development;

metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization o f

mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling

equipment and access; actual results of current exploration activities; government regulation; political or economic

developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection

with development activities; personnel relations; contests over title to properties; changes in project parameters as

plans continue to be refined; and impact of the COVID-19 pandemic. The estimate of mineral resources may be

materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues .

The quantity and grade of reported inferred mineral resources in this estimation are uncertain in nature and there has

been insufficient exploration to define these inferred mineral resources as an indicated or measured mineral resource

and it is uncertain if further exploration will result in upgrading th em to an indicated or measured mineral resource

category. Forward-looking statements are based on assumptions management believes to be reasonable, including but

not limited to the price of silver, gold and barite; the demand for silver, gold and barite; t he ability to carry on

exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified

personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and

effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and

factors as set out herein. 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 forward -looking statements will

prove to be accurate and 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 contained herein,

except in accordance with applicable securities laws. The forward-looking information contained herein is presented for

the purpose of assisting investors in understanding the Company’s expected financial and operational performance and

the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake

to update any forward-looking information, except in accordance with applicable securities laws.