Apollo to Proceed with 5-for-1 Share Consolidation

Apollo to Proceed with 5-for-1 Share Consolidation

VANCOUVER, British Columbia, Sept. 02, 2025 --  Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO,

OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that, further to the Company’s news release dated October 3, 2024,

it intends to proceed with the consolidation (the “Consolidation”) of its issued and outstanding common shares (“Shares”) on

the basis of five (5) pre-Consolidation Shares for every one (1) post-Consolidation Share.

“Consolidation of the Company Shares should result in a price environment that allows for immediate marginability, the

opportunity of greater blue-sky potential in the US and foreign markets, increased sophisticated investor interest and greater

opportunity for inclusion in various indexes and/or index funds. In addition, few of the Company’s peer groups are margin

eligible, providing the Company another advantage over our peers,” commented Ross McElroy, President and CEO.

Prior to the Consolidation the Company has 242,585,395 Shares issued and outstanding. Following the Consolidation, the

Company will have approximately 48,517,079 Shares issued and outstanding.

No fractional Shares will be issued under the Consolidation. The holdings of any shareholder who would otherwise be entitled

to receive a fractional Share as a result of the Consolidation shall be rounded to the nearest whole number and no cash

consideration will be paid in respect of fractional Shares. The Consolidation will not affect any shareholder's percentage

ownership in the Company other than by the minimal effect of the aforementioned elimination of fractional Shares, even though

such ownership will be represented by a smaller number of Shares. Instead, the Consolidation will reduce proportionately the

number of Shares held by all shareholders.

A letter of transmittal will be mailed to registered shareholders providing instructions with respect to exchanging share

certificates representing pre-Consolidation Shares for post-Consolidation Shares. Shareholders who hold their Shares in

brokerage accounts or in book-entry form are not required to take any action as they will have their holdings electronically

adjusted by the Company’s transfer agent or by their brokerage firms, banks, trust or other nominees. In accordance with the

Company’s Articles, the Consolidation will not require shareholder approval and was approved by the Company’s Board of

Directors on October 2, 2024.

The Company will issue a subsequent news release to announce the effective date of the Consolidation once approval has

been received from the TSX Venture Exchange (“TSXV”), as the Consolidation remains subject to regulatory approval.

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. 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.

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 completion of the Consolidation; the receipt of approval for the Consolidation by

the TSXV; and the expected benefits of the Share-Consolidation, including potential for a trading price environment that may

allow for immediate marginability, an advantage over competition, and greater blue-sky potential in the U.S. and foreign

markets, increased interest from sophisticated investors, and the potential for inclusion in various indexes. 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 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 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.