Apollo Silver Announces Return of Tom Peregoodoff as Board Nominee and Prospective Executive Chair

Apollo Silver Announces Return of Tom Peregoodoff as Board Nominee and

Prospective Executive Chair

VANCOUVER, British Columbia, Feb. 12, 2026 -- Apollo Silver Corp. (“Apollo Silver ” or the “Company”) (TSX.V:APGO,

OTCQB:APGOF, Frankfurt:6ZF) is pleased to announce that Tom Peregoodoff has been nominated for election to the

Company’s Board of Directors (the “Board”) at the Company’s upcoming annual general meeting on March 27, 2026 and, if

elected, the Board intends to appoint Mr. Peregoodoff as Executive Chair.

Mr. Peregoodoff brings more than 30 years of experience in the natural resources sector, including senior leadership roles in

corporate development, capital markets, and project advancement. He previously served as President and Chief Executive

Officer of Apollo Silver and was formerly President and Chief Executive Officer of Peregrine Diamonds Ltd., where he oversaw

the advancement of the Chidliak diamond project in Nunavut prior to its acquisition by De Beers Canada. Mr. Peregoodoff has

also held executive and board roles with a number of publicly listed mining companies, including 18 years with global mining

company BHP, and brings extensive experience in corporate strategy, financings, mergers and acquisitions, and governance

across the exploration and development lifecycle.

Following the annual general meeting of shareholders, Andrew Bowering, founder and a significant shareholder of the

Company, will step down as Chair and continue as a Director, remaining actively engaged at the Board level.

Mr. Bowering commented, “I am very pleased to see Tom return to an executive leadership role at Apollo Silver. His deep

understanding of the Company, combined with his experience in building and leading mining companies, makes him

exceptionally well suited to serve as Executive Chair. With a strong Board and management team in place, I look forward to

continuing to support Apollo Silver as a Director and significant shareholder, as the Company moves into its next phase of

development.”

Mr. Peregoodoff stated, “I am honoured to return to an executive leadership role with Apollo Silver at such an important stage

in the Company’s evolution. I would also like to thank Andy for his leadership and vision as founder, which have been

instrumental in establishing Apollo Silver’s asset base and positioning the Company for continued advancement. I look

forward to working closely with the Board and management team to advance the Calico and Cinco de Mayo projects and

support the disciplined execution of Apollo Silver’s strategy.”

Concurrent with Thomas Peregoodoff’s appointment as Executive Chair, Steven Thomas, the Company’s current Audit

Committee Chair, will assume the role of Lead Independent Director, providing independent leadership to the Board and acting

as a key liaison between the independent directors and management.

ABOUT APOLLO SILVER CORP.

Apollo Silver is advancing the second largest undeveloped primary silver projects in the US. The Calico Project hosts a large,

bulk minable silver deposit with significant barite and zinc credits – recognized as critical minerals essential to the U.S.

energy, industrial and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua,

Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an

experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through

exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy

President and CEO

For further information, please contact:

Email: [email protected]

Telephone: +1 (604) 428-6128

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the 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 regarding the anticipated election of the proposed nominee to the

Company’s Board, the intended appointment of an Executive Chair, the expected impact of leadership changes on the

Company’s governance and strategic execution, and the advancement and development of the Company’s projects, including

the Calico Project and the Cinco de Mayo Project. 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 cause 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: risks associated with

mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections

and estimates; realization of 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; and changes in project parameters as plans continue to be

refined. 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; the 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 manner; 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.