Apogee Intersects 25 Meters Grading 1,030 g/t Silver Including 4,903 g/t Silver, 5.22% Lead, 5.20% Zinc Over 3.4 Metres

TORONTO, ONTARIO, Jul 22 (MARKET WIRE) --
Apogee Minerals Ltd. (TSX VENTURE: APE) today announced it has received
the assay results from an additional seven diamond drill holes completed
at the Pulacayo Deposit in southern Bolivia (Figure 1 & 2).

These results include the best intercept drilled on the project to date
by Apogee or its partner Apex Silver Mines Limited (Amex: SIL), in hole
PUD-109 with individual samples assaying as much as 10,000 g/t silver.
Highlights include the following intercepts, and complete results are
listed in Table 1 below:

- PUD-107 - 49.85 meters grading 158.35 g/t silver, 0.71% lead and 1.99 %
zinc
Including 14.75 meters grading 301.59 g/t silver, 1.01% lead and 2.84 %
zinc

- PUD-109 - 67.00 meters grading 413.38 g/t silver, 1.21% lead and 2.00 %
zinc
Including 25.00 meters grading 1,030.87 g/t silver, 2.02% lead and
1.67 % zinc
Including 3.40 meters grading 4,903.38 g/t silver, 5.22% lead and
5.20 % zinc

- PUD-110 - 34.00 meters grading 150.61 g/t silver, 0.61% lead and 1.76 %
zinc
Including 6.45 meters grading 338.39 g/t silver, 0.86% lead and 1.61 %
zinc

According to David Gower, P.Geo., CEO of Apogee; "The drilling at
Pulacayo continues to expand the mineralized zone with the addition of
high grade mineralization. An important characteristic of the deposit is
that along with the excellent silver grades the mineralization contains a
significant component of base metals, which should provide an important
contribution to the potential value of this deposit. The deposit remains
open for further expansion along strike; however the drill program is
being reduced in order to focus on the resource estimate and economic
evaluation of the part of the deposit that has been delineated to date."

An in-house resource estimate is in progress and will be completed this
month. Micon International has been contracted to provide independent
verification of the resource after completion of Apogee's resource
estimate in order to satisfy the requirements of NI 43-101. Publication
of the new resource estimate will take place when Micon completes its
assessment. This resource will form the basis for completing the economic
evaluation of the project.

The project is an option to joint venture with Apex Silver Mines Limited
in which Apogee can earn up to a 60% interest in the Project (see press
release dated 13/09/05) by completing a feasibility study. Under the
agreement Apogee must complete a feasibility study by July 30, 2009.

Stan Bharti Appointed as Chairman

Apogee is pleased to announce that Stan Bharti has been appointed as
Chairman of Apogee, following the resignation of John Carlesso as a
director of the company. The members of the Board would like to thank Mr.
Carlesso for his contribution to Apogee and wish him well in his future
endeavours.

Quality Control

The Company employs a QA/QC protocol on all aspects of the analytical
procedures. Core samples are sawn and one half of the NQ and HQ core is
restored to the core box for future reference. One half of the core is
sent for analysis. Samples are taken in approx. 1.0 meter intervals or
less. Sample preparation is completed at the ALS Chemex preparation lab
in Oruro, Bolivia and assayed at ALS Chemex in Lima, Peru, using
multi-acid digest/ AAS technique, method ME-AA46 for Ag, Pb, Zn and Cu. A
blank sample is inserted every 20th sample and standard samples
representing a range of grades are inserted at intervals of 1 in 20
samples. Five percent of pulps are re-analyzed at ALS Chemex Lab in Lima,
Peru.

The Quality Control and all aspects of the exploration program are
supervised by Apogee's Vice President of Exploration, Joaquin Merino and
Mr. Merino has reviewed the technical information in this press release.

This press release has been reviewed and approved by Dr. Fernando
Tallarico P. Geo., the qualified person as defined by National Instrument
43-101.

About Apogee Minerals

Apogee Minerals Ltd. is a Canadian producer of silver-zinc-lead and also
carries out exploration and development activities. The Company is listed
on the TSX Venture Exchange under the symbol APE. Apogee is focused on
advanced silver-zinc-lead projects in South America that demonstrate the
potential to be rapidly developed to production. Currently all of its
projects are located in the historic silver producing regions of central
and southwest Bolivia.

The Company's 100%-owned La Solucion Mine has a 14 year production
history and has a 120 tonne per day flotation mill. The Pulacayo-Paca
project is an option to joint venture with Apex Silver Mines Limited. The
project occupies the property that includes the second-largest silver
mine in the history of Bolivia with over 600 million ounces of past
production.

Forward Looking Statements

This document may contain or refer to forward looking information based
on current expectations, including, but not limited to, mineralization
projections, estimates regarding the timing for resource modeling and the
preparation of a 43-101 compliant technical report and the impact of
additional drills on the progress of the program. Forward-looking
statements are subject to significant risks and uncertainties, and other
factors that could cause actual results to differ materially from
expected results. These forward-looking statements are made as of the
date hereof and we assume no responsibility to update or revise them to
reflect new events or circumstances.

Table 1: Assay results for drill holes PUD-103 to PUD-110, Pulacayo Project.

------------------------------------------------------------------------

Hole No UTM-E (m) UTM-N (m) Azimuth Angle From (m) To (m)

------------------------------------------------------------------------
PUD-103 740,225 7,744,487 12 -43 153.00 217.00
155.60 189.35
Incl. 165.00 179.00
Incl. 165.00 170.90

PUD-104 740,069 7,744,444 0 -35 127.00 135.20
131.00 135.30
189.00 268.07
Incl. 237.00 268.07
Incl. 261.00 268.07
Incl. 265.00 268.07

PUD-105 740,406 7,744,489 345 -12 119.00 188.00
Incl. 137.60 156.00
137.60 147.83

PUD-106 740,145 7,744,453 0 -46 203.00 280.00
Incl. 252.00 280.00
Incl. 264.00 277.50
Incl. 266.00 277.50

PUD-107 740,406 7,744,489 345 -24 137.15 187.00
Incl. 140.00 179.65
Incl. 140.00 168.75
Incl. 145.05 168.75
Incl. 154.00 168.75
Incl. 154.00 159.70

PUD-108 739,996 7,744,442 0 -37 153.58 161.00
and 238.00 262.00
Incl. 240.00 252.92
Incl. 250.00 252.92

PUD-109 740,095 7,744,436 0 -45 116.00 133.00
Incl. 123.00 131.00
243.00 310.00
263.00 307.00
Incl. 282.00 307.00
Incl. 293.60 307.00
Incl. 293.60 298.37
Incl. 293.60 297.00
Incl. 294.27 295.00

PUD-110 740,407 7,744,490 353 -12 24.00 168.00
Incl. 67.00 168.00
Incl. 81.00 163.00
Incl. 115.00 163.00
Incl. 129.00 163.00
Incl. 134.00 142.00
Incl. 149.00 163.00
Incl. 153.00 159.45
------------------------------------------------------------------------

----------------------------------------------------------------
Core Estimated
Hole No Length True Width Ag (g/t) Pb (%) Zn (%)
(m) (m)
----------------------------------------------------------------
PUD-103 64.00 52.67 35.44 0.69 1.23
33.75 27.77 66.69 1.28 2.25
Incl. 14.00 11.52 90.18 1.51 1.93
Incl. 5.90 4.86 201.76 2.49 2.93

PUD-104 8.20 7.43 139.02 2.06 1.98
4.30 3.90 259.30 3.73 2.92
79.07 71.66 10.57 0.33 1.15
Incl. 31.07 28.16 17.64 0.47 1.72
Incl. 7.07 6.41 36.22 0.93 2.23
Incl. 3.07 2.78 73.64 1.76 3.92
PUD-105 69.00 61.71 31.97 0.48 1.83
Incl. 18.40 16.46 80.80 1.09 4.16
10.23 9.15 83.81 1.73 6.75

PUD-106 77.00 62.29 36.51 0.49 1.20
Incl. 28.00 22.65 59.89 0.67 1.20
Incl. 13.50 10.92 91.41 1.04 1.35
Incl. 11.50 9.30 103.48 1.10 1.27

PUD-107 49.85 39.80 158.35 0.71 1.99
Incl. 39.65 31.66 181.57 0.80 2.15
Incl. 28.75 22.95 214.59 0.86 2.16
Incl. 23.70 18.92 247.36 1.00 2.51
Incl. 14.75 11.78 301.59 1.01 2.84
Incl. 5.70 4.55 353.67 0.51 4.67

PUD-108 7.42 6.61 46.79 1.68 3.37
and 24.00 21.38 18.33 0.33 1.39
Incl. 12.92 11.51 31.68 0.52 2.10
Incl. 2.92 2.60 106.57 1.43 6.12

PUD-109 17.00 13.93 32.76 1.32 1.77
Incl. 8.00 6.55 65.88 2.63 3.05
67.00 54.88 413.38 1.21 2.00
44.00 36.04 618.90 1.61 1.89
Incl. 25.00 20.48 1,030.87 2.02 1.67
Incl. 13.40 10.98 1,484.09 1.68 1.95
Incl. 4.77 3.91 3,606.80 3.78 4.12
Incl. 3.40 2.79 4,903.38 5.22 5.20
Incl. 0.73 0.60 10,000.00 3.85 9.83

PUD-110 144.00 132.48 48.16 0.35 1.03
Incl. 101.00 92.92 64.45 0.41 1.16
Incl. 82.00 75.44 78.11 0.47 1.29
Incl. 48.00 44.16 116.02 0.48 1.58
Incl. 34.00 31.28 150.61 0.61 1.76
Incl. 8.00 7.36 243.88 0.76 2.41
Incl. 14.00 12.88 184.78 0.69 1.53
Incl. 6.45 5.93 338.39 0.86 1.61
----------------------------------------------------------------

To view Figure 1: Pulacayo - Paca Project location map, please visit
the following link:

http://media3.marketwire.com/docs/ape722.pdf

To view Figure 2: Vertical Longitudinal Section of the upper part of the
Tajo Vein System, showing intersection locations and planned drill holes,
including underground drilling, please visit the following
link:

http://media3.marketwire.com/docs/ape722a.pdf

The TSX Venture
Exchange does not accept responsibility for the adequacy or accuracy of
this release.

Contacts:
Apogee Minerals Ltd.
Ana Lopes
Investor Relations
(416) 861-5902
Email: info@apogeeminerals.com
Website: www.apogeeminerals.com

Copyright 2008, Market Wire, All rights reserved.

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