Apogee Minerals Issues Correction to Prior News Release Regarding 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 3rd, 2022
News Release
Apogee Minerals Issues Correction to Prior News Release Regarding Amendment to
Option Agreement for the Pine Channel Property
March 3rd, 2022, Vancouver , British Columbia – Apogee Minerals Ltd. (“Apogee” or the
“Company” or the “Optionee” ) (TSXV: APMI) issues a correction to prior news release dated
February 18, 2022, regarding the amendment to the option agreement (the “Agreement”) with
Eagle Plains (the “Optionor”) for the Pine Channel Property (or the “Property”).
Under the new terms of the Agreement, Apogee has been granted a reallocation on the majority
of the first year exploration expenditures from the first year to the fourth year, with the aggregate
exploration expenditure amount over the course of the option remaining the same. The new
exploration expenditure schedule is as follows:
(i) $100,000 on or before June 30, 2022;
(ii) an additional $500,000 on or before June 30, 2023;
(iii) an additional $800,000 on or before June 30, 2024; and
(iv) an additional $1,600,000 on or before June 30, 2025.
In consideration of the amendment, the Apogee has paid the Optionor $40,000. All the other
terms and conditions of the agreement remain unchanged.
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.
“Jim Pettit”
James Pettit
CEO and Director
For further information, please contact:
- 2 -
Apogee Minerals Ltd.
Riley Trimble, Director
Email: [email protected]
Tel: (604) 416-2978
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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 loo king information is typically identified by words such as: “believe”, “expect”,
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nature, refer to future events. The Company cautions investors that any f orward-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 limited to: t he 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 global marke ts; 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.
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the United States Securities Act of 1933, as amended, and may not be offered or sold within the
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