Apollo Silver Appoints Ross McElroy as President and CEO
Apollo Silver Appoints Ross McElroy as President and CEO
Vancouver, British Columbia, May 05, 2025 – Apollo Silver Corp. (“Apollo” or the
“Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce the
appointment of Mr. Ross McElroy as President and CEO, effective immediately, succeeding Mr.
Andrew Bowering, who will remain as Chair of the Board.
Mr. McElroy joins Apollo following the successful acquisition of Fission Uranium, a company he
co-founded and eventually led as CEO, by Paladin Energy in a $1.14 billion transaction.
Mr. McElroy is a professional geologist with over 38 years of mining industry experience, both in
operational and corporate roles, having worked with major, mid-tier, and junior mining and
exploration companies. His extensive international background spans from grassroots exploration
to development to mining operations. He has played a key role in the discoveries of numerous
world-class uranium and gold orebodies, several of which have been advanced to development
and mining operations. His accomplishments have earned widespread recognition, including
being named The Northern Miner’s “Mining Person of the Year” (2013), and receiving PDAC’s
prestigious “Bill Dennis Award” (2014).
Mr. McElroy holds a Bachelor of Science degree with a specialization in Geology from the
University of Alberta, and is a registered professional geologist in Saskatchewan, British
Columbia, Nunavut, and the Northwest Territories.
“I am excited to be joining Apollo as its new President and CEO at such a pivotal time in the
Company’s growth and development,” said Mr. McElroy. “Apollo is backed by a strong portfolio of
silver assets and a highly capable team with a proven track record. I’m eager to build on that
foundation and drive the Company toward its next phase of growth. I see a major opportunity to
unlock significant value for shareholders as the Company advances towards becoming a leading
silver developer in the Americas.”
Mr. Bowering added, “I am looking forward to working closely with Ross. Our ability to attract
someone with Ross’ expertise, energy and track record of value creation speaks volumes about
the opportunity at Apollo. I believe he will have a transformative impact on the Company’s future
and all stakeholders will benefit greatly.”
Grant of Options
In connection with his appointment, Mr. McElroy has been granted an aggregate of 2,500,000
incentive stock options (the “Options”) pursuant to the Company’s Omnibus Incentive Plan. The
Options are exercisable at a price of $0.315 per common share, have a term of five years, and
will vest over a 24-month period: one-third on the grant date, one-third after 12 months, and the
balance after 24 months.
About Apollo Silver Corp.
Apollo has assembled an experienced and technically strong leadership team who have joined to
advance quality precious metals projects in sought after jurisdictions. The Company is focused
on advancing its portfolio of two prospective silver exploration and resource development projects,
the Calico Project, in San Bernardino County, California and the Cinco de Mayo Project, in
Chihuahua, Mexico.
Please visit www.apollosilver.com for further information.
ON BEHALF OF THE BOARD OF DIRECTORS
Andrew Bowering
Chairman
For further information, please contact:
Andrew Bowering
Chairman
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 the statements
regarding the Company’s future growth, development plans, potential to unlock shareholder value, and
expectations regarding Mr. McElroy’s impact on the Company and its stakeholders. 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 t he 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; gove rnment 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 Ba; the demand for silver, gold and Ba;
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 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.