Apogee Extends Silver-Zinc-Lead Mineralization at Pulacayo Deposit, Bolivia

Highlight includes 51.69 meters grading 126.44 g/t Ag, 1.96%Zn, 0.61%Pb. March 15, 2010 , Toronto, Ontario – Apogee Minerals Ltd. (TSX Venture Exchange: APE) is pleased to announce the analytical results from the first diamond drill hole of the exploration program initiated in late January 2010. (See news release January 15, 2010). The objective of the program is to extend the thick, high grade portion of the resource associated with the Upper Tajo Vein System along strike to the east.

DDH PUD 140, the first hole of the current program, intersected the Upper Tajo Vein System approximately 170 meters east of the current delineated resources. (Figure 1 below). The deposit was intersected over a core length of 51.69 meters from 202.11 meters to 253.8 meters, returning a composite grade of 126.44 g/t Ag, 1.96%Zn and 0.61% Pb. This intersection has an estimated true width of 25.67 meters. Significant analytical results are summarized in Table 1 below. To date a total of 5 holes have been completed and a sixth is in progress. (Figure 1). Sampling from the subsequent four drill holes has been completed and analysis are pending.

Chris Collins, President of Apogee stated, “the Upper Tajo mineralized system continues to be completely open along strike towards the east with thickness and grade consistent with the mineralization within the resource block. Based on the analytical results, we believe there is potential to expand the resource through continued drilling in this direction.”

To view Table 1 and Figure 1, please visit the following link:

For detailed project information please refer to Apogee’s web site at www.apogeeminerals.com.

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, P. Geo who is a qualified person as defined by National Instrument 43-101. Mr. Merino has reviewed and approved the scientific and technical information in this press release.

About Apogee Minerals Limited

Apogee Minerals Ltd. is listed on the TSX Venture Exchange under the symbol APE. Apogee targets advanced silver-zinc-lead projects in South America that demonstrate potential to be rapidly developed to production. Currently its projects are located in the historic silver producing regions of southwest Bolivia and northern Chile.

Its most advanced project is the Pulacayo-Paca project in Bolivia, which is an option to joint venture with Golden Minerals Company. This project includes the property that covered the second-largest silver mine in the history of Bolivia with over 600 million ounces of past production.

Cautionary Note Regarding Forward-Looking Information This press release contains “forward looking information” within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the future financial or operating performance of the Company, its subsidiaries and its projects, statements regarding the potential acquisition of the Pulacayo property, the timing with respect to the completion of the proposed acquisition, the development of the Pulacayo project, statements regarding exploration prospects, and requirements for additional capital. Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: financing not being available at desired prices; general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of mineral prices; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and, delays in obtaining governmental approvals or required financing or in the completion of activities. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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