Bolivian Mining Minister Sends Positive Message for Business Investment at Pdac Press Conference

TORONTO, ON March 6, 2006 At a Press Conference in Toronto, Canada yesterday hosted by Apogee Minerals Ltd. (TSX Venture Exchange: APE), Minister of Mines and Metallurgy of the Republic of Bolivia, Mr. Walter Villaroel delivered a positive message regarding the resource potential in Bolivia and the Bolivian government’s desire to welcome input from business interests while formulating mining policy in an effort to attract investment capital for the development of the country’s resources.

Speaking live via videoconference from La Paz, Bolivia Minister Villaroel stated: “I am pleased to send the message from my President that ‘we are working hard to establish the legal security that investment in the mining industry requires on a long-term basis’”. He further stated that the government fully understands that “development is not achieved with speeches, but with the proper combination of work and capital” and that “for the mining industry to be successful it is necessary to have a ‘social license’” or “equilibrium respecting benefits to investors, the country that hosts them and the original communities that exist in the areas of mineral potential. Any government that does not take these variables into consideration risks the mistake of imposing conditions that would harm mining investment. We will not make that mistake”.

Apogee President John Carlesso stated: “We have found the new, democratically-elected government of Bolivia to be very open to discussion, open to new ideas, and very responsible and pragmatic in their dealings with us. It is very clear that this government understands the fundamental issues to attract investment capital as well as the conditions that must be maintained to allow those investments, and the resulting social benefits, to thrive. We anticipate that the country will continue to be a stable, positive growth platform for our business”.

For the complete text of Minister Villaroel’s and Mr. Carlesso’s remarks, please visit the Apogee Minerals website at www.apogeeminerals.com.

Building a 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.

Regulatory Footnotes:

Mr. Douglas A. Currie, MAusIMM, Apogee’s Vice President-Exploration, is the Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical work on the exploration program and is responsible for reviewing the technical disclosure in this press release.

All analytical work has been completed by ALS Chemex of North Vancouver, BC, Canada; ALS Chemex is a respected international analytical service which is accredited with NATA and complies with standards of ISO 9001:2000 and ISO 17025:1999. They employ a variety of international standards for quality control purposes.

Samples are transported from field projects to the ALS Chemex sample preparation facility in Oruru, Bolivia, by Company personnel or a reputable commercial carrier. All analytical testing is performed utilizing a variety of industry standard analytical techniques, including: (i) ALS Analytical Code ME-MS41 – 50 element analysis using aquaregia digest and ICPAES analysis, (ii) ALS Analytical Code AA46 & AA62 – specific element analysis using aquaregia digest and AAS determination (Ag, Zn, Pb, Cu, As) and, (iii) Analytical Code Au-AA26 – Gold using a 50g Fire Assay-AAS finish.

All diamond drill core is geologically logged and sampled by Company geologists then is cut in half using a diamond saw and sampled in one(1) meter sample intervals; the archive portion of the sample is securely stored at each project site. The Company has initiated a QA/QC program consisting of utilizing standards, duplicate and blank samples and laboratory cross-checks and routinely repeats sample analysis.

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 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