APOGEE MINERALS HOSTS BOLIVIAN MINISTER OF MINES AND METALLURGY, MR. WALTER VILLAROEL

TORONTO, ON February 28, 2006 Apogee Minerals Ltd. (TSX Venture Exchange: APE) is hosting a delegation led by Mr. Walter Villaroel, Minister of Mines and Metallurgy for the Republic of Bolivia at the upcoming Prospectors and Developers Association of Canada (PDAC) Convention being held March 5 – March 8, 2006 at the Metro Toronto Convention Center in Toronto, Canada.

Apogee will be hosting a Press Conference for the Minister on Sunday March 5, 2006 where Mr. Villaroel will discuss opportunities in Bolivia, including government initiatives and incentives to attract and encourage mining investment in Bolivia.

“Our experience and interaction in Bolivia, both with the government and the local communities in which we operate, continues to be extremely positive” stated Apogee President and CEO John Carlesso. “Bolivia has a long and rich history of mining playing a prominent role in economic and social development, and the country’s vast resources represent an opportunity for partnership between private enterprise and government to invest in mining activities that will benefit local communities through job creation and environmentally responsible development. We are confident that Bolivia is on a path toward being acknowledged for its secure investment environment and potential for profitable partnerships. Apogee is proud to be one of several companies investing in the improvement in infrastructure and in the future of Bolivia”.

The Press Conference will take place at 12:00 pm in the Alberta Room at the Royal York Hotel, 100 Front St. West, in Toronto.

Apogee will be showcased at the PDAC in Booth 2911 on the Main Convention Floor at the Metro Toronto Convention Centre Sunday March 5 and Monday March 6, 2006.

Building the World’s Premier Emerging Silver Producer – Apogee Minerals Ltd. is a Canadian exploration and development company listed on the TSX Venture Exchange under the symbol APE. The company is focused on advanced Silver-Zinc projects in South America that demonstrate the potential to receive capital investment and 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 is in the process of acquiring the Silver-Zinc-Lead producing La Solucion mine near La Paz, Bolivia.

Statements in this release that are not historical facts are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these “forward-looking statements”.
This press release is available on the company’s official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/ir/apogee. Alternatively, investors are asked to email all questions and correspondence to APE@agoracom.com where they can also request addition to the Apogee Minerals investor email list to receive all future press releases and updates directly.

For further information contact: John Carlesso
President and C.E.O.
(416) 861-5881