Apogee Minerals Ltd. Clarifies Director Holdings August 13 th, 2021, VANCOUVER, British Columbia – Apogee Minerals Ltd. (“APMI” or the “Company”) (TSXV: APMI) is issuing the following news release to clarify the disclosure

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TSX-V Trading Symbol: APMI

Email: [email protected]

Telephone: (604) 687-3376

Facsimile: (604) 687-3119

August 13th, 2021

News Release

Apogee Minerals Ltd. Clarifies Director Holdings

August 13 th, 2021, VANCOUVER, British Columbia – Apogee Minerals Ltd. (“APMI” or the

“Company”) (TSXV: APMI) is issuing the following news release to clarify the disclosure

contained in its filing statement dated July 20, 2021 (the “Filing Statement”).

The Company would like to clarify that one of its directors holds 100,000 less shares than what

was disclosed in the Filing Statement. Due to this error, only 5,050,001 common shares of the

Company (each a “Share”), and not 5,150,001 Shares, as disclosed in the Filing Statement, are

CPC Escrow Shares (as defined in the Filing Statement) and are subject to escrow under the

CPC Escrow Agreement (as defined in the Filing Statement).This press release should be re ad

in conjunction with the Filing Statement and in particular with the disclosure relating to escrow

securities of the Company.

Cautionary Note

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is

defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy

or accuracy of this release.

For further information, please contact:

Apogee Minerals Ltd.

“Jim Pettit”

James Pettit

President and CEO

For further information, please contact:

Apogee Minerals Ltd.

Kelly Pladson, Corporate Secretary

Email: [email protected]

Tel: (604) 639-3857

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