Apogee Minerals Announces Amendment to Option Agreement for the Pine Channel Property
Suite 1610 –777 Dunsmuir Street, Vancouver, BC, Canada, V7Y1K4
TSX-V Trading Symbol: APMI
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
March 28th, 2024
News Release
Apogee Minerals Announces Amendment to Option Agreement for the Pine Channel
Property
March 28th, 2024, Vancouver, British Columbia – Apogee Minerals Ltd. (“Apogee” or the
“Company” or the “Optionee” ) (TSXV: APMI) has amended the option agreement (the
“Amendment Agreement”) with Eagle Plains (the “Optionor”) whereby the Optionor granted the
Company the right to acquire up to an 80% interest in the Pine Channel Property (the “Property”).
Under the amended terms of the Amendment Agreement, Apogee has been granted an extension
on the due date of the CAD $50,000 cash payment from June 30, 2024, to December 31st, 2024,
and the $50,000 cash payment from December 31st, 2023, to December 31st, 2025, as well as an
extension on the last three exploration expenditure due dates, with the aggregate amount over
the course of the option remaining the same. The new exploration expenditure schedule is as
follows:
I. $500,000 on or before June 30, 2025; and
II. $2,000,000 on or before December 31, 2025.
In consideration of the amendment, Apogee shall issue the Optionor 50,000 common shares
within three (3) business days of receipt of TSX Venture Exchange approval of th e Amendment
Agreement. All the other terms and conditions of the Agreement remain unchanged. The shares
issued shall be subject to a statutory hold period of four months and one day from issuance.
About Apogee Minerals Ltd.:
Apogee Minerals Ltd. is a mineral exploration company. Our goal is to build shareholder value
through mineral project acquisitions and advancement, as well as new mineral discoveries.
To find out more about Apogee Minerals Ltd. (TSX-V: APMI) visit the Company’s website:
www.apogeemineralsltd.com
Apogee Minerals Ltd.
“Tim Fernback”
Tim Fernback
Interim CEO and Director
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For further information, please contact:
Apogee Minerals Ltd.
Riley Trimble, Director
Email: [email protected]
Tel: (604) 416-2978
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statements Regarding Forward-Looking Information
This news release contains forward-looking information within the meaning of Canadian securities
laws. Such information includes, without limitation, information regarding the structure of the
Proposed Transaction, the terms and conditions of the Proposed Transaction, the Consolidation,
the Name Change, the terms of the Financing. the composition of the board of directors and
officers of the Resulting Issuer upon completion of the Proposed Transaction, the intention of the
parties to seek a sponsorship exem ption or waiver, the issuance of subsequent news releases,
and Alto Verde’s future exploration plans. Although the Company believes that such information
is reasonable, it can give no assurance that such expectations will prove to be correct.
Forward looking information is typically identified by words such as: “believe”, “expect”,
“anticipate”, “intend”, “estimate”, “postulate” and similar expressions, or are those, which, by their
nature, refer to future events. The Company cautions investors that any forward -looking
information provided by the Company is not a guarantee of future results or performance, and
that actual results may differ materially from those in forward looking information as a result of
various factors, including, but not li mited to: the Company’s ability to complete the Proposed
Transaction; the expected timing and terms of the Proposed Transaction and the Financing; the
state of the financial markets for the Company’s securities; the state of the natural resources
sector in the event the Proposed Transaction is completed; recent market volatility and potentially
negative capital raising conditions resulting from the continued COVID -19 pandemic and risks
relating to the extent and duration of such pandemic and its impact on g lobal markets; the
Company’s ability to raise the necessary capital or to be fully able to implement its business
strategies; and other risks and factors that the Company is unaware of at this time.
The forward-looking statements contained in this news release are made as of the date of this
news release. The Company disclaims any intention or obligation to update or revise any forward-
looking statements, whether as a result of new information, future events or otherwise, except as
required by law.
The securities referred to in this news release have not been, nor will they be, registered under
the United States Securities Act of 1933, as amended, and may not be offered or sold within the
United States or to, or for the account or benefit of, U.S. pe rsons absent U.S. registration or an
applicable exemption from the U.S. registration requirements.
This news release does not constitute an offer for sale of securities, nor a solicitation for offers to
buy any securities.