APGO.V · 2025-08-19 12:00:00

Apollo Silver Congratulates Equinox Gold on FAST-41 Permitting

Company Commentary

VANCOUVER, British Columbia, Aug. 19, 2025 -- Apollo Silver Corp. (“Apollo” or the “ Company”) (TSX.V:APGO,

OTCQB:APGOF, Frankfurt:6ZF0) congratulates Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) on the recent

acceptance of its Castle Mountain Project into the United States’ FAST-41 program, which is designed to streamline and

derisk the permitting process. Castle Mountain is located just 165km from Apollo’s Calico silver and barite project both

situated in San Bernardino County, California.

Ross McElroy, President and CEO of Apollo, commented, “ This news speaks to the diligence of the Equinox team in

advancing their project to this stage. Crucially for our Calico Project in San Bernardino County, which hosts one of the largest

undeveloped silver deposits in North America, this also highlights the government’s determination to accelerate domestic mine

development.”

About Apollo Silver Corp.

Apollo is advancing one of the largest undeveloped primary silver projects in the US. The Calico Project hosts a large, bulk

minable silver deposit with significant barite credits – a critical mineral essential to the US energy and medical sectors.

Additionally, the Company has optioned Cinco de Mayo in Chihuahua, Mexico, which is host to a major CRD deposit that is

both high-grade and large tonnage. Led by an award-winning management team, our growth strategy is matched only by the

scale of the opportunity in front of us.

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:

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.