Apoquindo Minerals Inc. Reports Update of Progress of the Antakena Mining Joint Venture, Copper Oxide Project, Northern

VANCOUVER, BRITISH COLUMBIA, Oct 29 (MARKET WIRE) --
Apoquindo Minerals Inc. (TSX VENTURE: AQM)(BVLAC: AQM) -

Highlights

- Minera has spent US$5.4M as of September 30, 2009 towards its 50%
earn-in of C$10.8M

- Drilling ongoing with 4 rigs (2 RC and 2 Core) - Total 22,804m
completed to date

- Drilling for metallurgical samples, geotechnical and condemnation,
geology, exploration and infill

- Surface geologic mapping and MMI Surface Geochemistry are being
completed in order to develop additional exploration targets.

Apoquindo Minerals Inc. ("Apoquindo" or the "Company") is pleased to
announce that drilling commenced under the Antakena Mining Joint Venture
between Apoquindo and Minera S.A. at the Elenita Property with two (2)
core rigs and two (2) RC rigs. To date 22,804m of drilling have been
completed which includes drilling for metallurgical samples,
condemnation, geotechnical, geology, infill and exploration.

The main focus of Minera's work program to date has been at the Elenita
copper deposit, which is hosted by volcanic and sedimentary rocks of La
Negra Formation. Copper occurs in mantos, veins, hydrothermal breccias,
veinlets and disseminated bodies, hosted principally in volcanic and
sedimentary rocks and in intrusive rocks in a smaller proportion. At
Elenita and as reported by AQM in the March 17, 2009 press release, the
current NI 43-101 report indicates there are 19.7M tons at 0.87 TCu of
Measured and Indicated resources at 0.2 cutoff and 4.8M tons at 0.73 TCu
of Inferred resources. The deposit remains open in several directions and
at depth and the exploration drilling program is designed to test these
areas.

Surface geology and rock sampling has been completed by Geovectra S.A.,
including a 1:10,000 scale geologic map, of a 154 sq km total area
centered in the Elenita deposit; geologic mapping continues now in the
Madrugador deposit area. Thus far, the work has indicated an increased
understanding of the mineralization and identifies prospective
exploration areas that are within the properties controlled by the
Antakena Joint Venture. An MMI Geochemical sampling in a 200x200 grid on
the same ground is underway and will be matched to the information of the
surface geology to identify future exploration targets. Once defined,
detailed geologic mapping, rock sampling, trenching and drilling will
proceed as a second stage of exploration. Metallurgical testing has begun
with results expected in the first quarter of 2010.

Dr. Thomas Henricksen is Apoquindo's in house Qualified Person for the
purposes of NI 43-101 and he has also reviewed and approved the contents
of the news release. Dr. Henricksen has more than 35 years of experience
and has visited the property several times during year 2008.

ABOUT APOQUINDO: The Company is a Canadian based mineral exploration
company whose principal purpose is the acquisition and development of
base and precious metal deposits in South America. The Company has two
projects in Peru through its wholly owned Peruvian subsidiary, Minera
Koritambo SAC: the Zafranal Copper-Gold Porphyry Project (recently
optioned from Teck Resources Limited), located in the Paleocene Southern
Peru Cu-Porphyry Belt, in the department of Arequipa, Peru and the
Pachagon Porphyry Copper Project, located in the department of La
Libertad, Peru. In Chile, the Company has a joint venture, Antakena
Mining, with Minera S.A. to advance the Apoquindo Copper Oxide Project
comprised of highly prospective leachable copper deposits under option
located in a historic mining district in the Antofagasta Region's Coastal
Range. Please refer to www.apoquindominerals.com for further information
regarding the Company and its projects.

Management and directors have extensive experience working for the
world's largest mining companies as well as several junior exploration
companies. Apoquindo Minerals has offices in Santiago, Chile, Lima, Peru
and Vancouver, Canada and will continue to expand its business using its
effective team of experts in Exploration, Geology, Metallurgy, Mine
Engineering, Law and Finance. Apoquindo is well positioned for success.
Our Projects are uniquely valuable, and our knowledgeable management and
directors provide a "pipeline" of growth opportunities.

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.

Contacts:
Apoquindo Minerals Inc.
Stephanie Ashton
Chief Financial Officer
+562-231-5780
+562-321-9070 (FAX)
info@apoquindominerals.com
www.apoquindominerals.com

Kin Communications Inc.
Arlen Hansen
604-684-6730 or Toll Free: 1-866-684-6730
ir@kincommunications.com

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