Apogee Announces Senior Executive Changes
TORONTO, ON April 27, 2007 Apogee Minerals Ltd. (TSX Venture Exchange: APE) has announced changes to its executive team. Mr. David Gower, P. Geo. will be appointed Chief Executive Officer, Mr. Helio Diniz is incoming President, and Mr. Flavio Lamberti will be Vice President, Operations. Current President and CEO John Carlesso will remain on the Apogee Board of Directors, which will be expanded to 6 members to welcome the addition of David Gower.
John Carlesso commented: “I am very pleased to welcome David, Helio, and Flavio to Apogee and hand over the reins to a team of proven operators with successful histories of building and improving mining operations. I am very proud of the progress our team has made over the course of 2006: the rapid pace of resource identification from the early stages of work at our Pulacayo-Paca project has demonstrated the potential of this exciting asset, and the La Solucion mine continues to show potential for resource expansion and production growth. The new management team has my full support and I am confident that their collective skills and abilities are well-suited for further rapid advancement of these key assets.”
Incoming CEO David Gower stated: “We see an exciting opportunity to build on the success that has occurred at Pulacayo-Paca and La Solucion. We will move quickly to continue the next phase of drilling at the Paca Open Pit to advance development and move closer to a production decision. Similarly at La Solucion, further delineation of the new mineralized extension of the Hampaturi Southwest vein and implementation of the production expansion plan will proceed immediately. A significant proportion of the new management team is based in South America which will provide for a closer interaction between technical management and the operations. We would like to thank John for his contribution to Apogee, particularly the significant expansion of the resource base, and look forward to his continued support and guidance as a member of the board.”
David Gower has more than twenty years exploration experience with Falconbridge, Noranda (now X-strata) most recently as General Manager of Global Nickel and PGM exploration, including near mine, project development and greenfields projects. David has led exploration teams which were responsible for brownfields discoveries at Raglan and Sudbury, Matagami, Falcondo (Dominican Republic) and greenfield discoveries at Araguaia in Brazil, Kabanga Tanzania and El Pilar, Mexico. He was part of the Senior Operating Team for the nickel business unit including a member of the committee responsible for capital allocations for mining projects. Mr. Gower is also President and CEO of Castillian Resources (TSXV-CT).
Helio Diniz has twenty-six years in exploration, most recently as Director of Exploration, Brazil for Noranda – Falconbridge (now Xstrata) where he was a primary discoverer of the Araguaia Nickel Deposits, currently undergoing scoping studies by Xstrata. He also assembled one of the most impressive IOCG property portfolios in the renowned and prolific Carajas Mineral District. With Gencor, he was involved in the evaluation and development of the Sao Bento gold mine which operated for 25 years.
Flavio Lamberti has fifteen years’ diverse mining engineering experience. Most recently, he was involved with the Jacobina Mine for Desert Sun Mining (now Yamana). Previously he has worked as the Project Manager – Mining for Yamana Resources in Brazil, was Plant Run Engineer for Dow Brasil Nordeste Ltda. (The Dow Chemical Company) and worked for De Beers Consolidated Mines in South Africa for three years.
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 Ltd. 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.
For Further Information Contact:
Ana Lopes, Investor Relations – phone: (1) 416 861 5902
Email: info@apogeeminerals.com
Web: www.apogeeminerals.com
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 drill hole data on the existing resource estimate and the Company’s understanding of the Property. 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.