APE Apogee Opportunities

Apogee Silver Ltd. ("Apogee" or the "Company") (TSX VENTURE:APE) provides an
update to correct disclosure included in its press release dated March 6, 2012. 


With respect to the fifty-seven meters of development completed on a "ramal" or
hanging wall vein structure adjacent to the main "Veta Tajo" structure, which
contains most of the resources at Pulacayo, as described in the NI 43-101
technical report filed on SEDAR, sampling of the veins during development has
returned undiluted weighted average grades of 519.0 g/t Ag, 8.78% Pb and 5.41%
Zn over 0.73 meters for Veta 1 and 469.3 g/t Ag, 4.78 % Pb, and 3.57% Zn over an
average width of 0.87 meters in Veta 1b. The Company had previously reported
that sampling of the veins had returned undiluted weighted average grades of
742.5 g/t Ag, 11.01% Pb and 5.65% Zn over an average width of 0.80 meters in
Veta 1 and 470.1g/t Ag,4.78% Pb and 3.96%Zn over 0.86 meters in veta 1b.


Quality Control 

Apogee Silver employs a QA/QC protocol on all aspects of its sampling programs
and analytical procedures. 


Analyses of all surface and underground diamond drill hole and surface channel
samples taken for inclusion in mineral resource estimates are completed at the
accredited facilities of ALS Chemex at Oruro, Bolivia and Lima, Peru. All HQ
and/or NQ core samples are sawn with one half returned to the core box for
future reference and the other half sent for analysis. The quality control
protocol includes the insertion of certified geological standards and field
blanks at a frequency of 1 every 20 samples. Field duplicates are taken at a
frequency of 1 every 50 samples. Sample preparation duplicates are taken at the
crushing and pulverizing stages at a frequency of 1 every 20 samples.
Cross-check analysis is undertaken on 5% of all samples at the accredited
facilities of SGS Mineral Services in Lima, Peru. 


In order to achieve the analytical turnaround time required to facilitate
geological control on underground development mining, samples from selected
underground diamond drill holes and channel samples at the face are submitted to
Laboratorio Quimico Conde Morales located in Oruro, Bolivia for analyses. This
lab is not accredited. These drill core samples are 35 mm in diameter, which
prohibits sawing, and the entire sample is sent for analysis. The quality
control protocol on these drill and channel samples includes the submission of
certified geological standards and field blanks at a frequency of 1 each per
batch or 1 each in every 20 samples, should the batch exceed 20 samples. The
analytical pulps are retrieved for cross-check analysis and validation at an
accredited laboratory. Data from the accredited laboratory takes precedence over
data from the unaccredited laboratory. Apogee is currently using ALS Chemex in
Oruro, Bolivia and Lima Peru for cross check analysis on the pulps from the
unaccredited labs. The Quality Control and all aspects of the exploration
program are supervised by the Company's Exploration Manager, Mr. Hernan Uribe,
who holds a Masters of Applied Science in Mineral Exploration from the Imperial
College of Science and Technology, Royal School of Mines, London, England, under
the supervision of Mr. Chris Collins, P.Geo., President of Apogee. 


All scientific and technical information presented in this press release has
been reviewed and approved by Chris Collins, P. Geo., President of Apogee Silver
and a qualified person, as defined by NI 43-101. 


For more detailed project information please refer to Apogee's web site at
www.apogeesilver.com.


About Apogee Silver Ltd.

Apogee Silver Ltd. is a mineral exploration and development stage company 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
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 100% owned Pulacayo-Paca project in Bolivia,
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 anticipated timeline with respect to the
development of the Pulacayo project, mineral resource estimates, mineral prices,
exploration and development timetables and budgets, the ability to secure the
necessary permitting and future production scenario's. 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. 


On behalf of the Board, 

Neil T. Ringdahl, Chief Executive Officer

To view Figure 1: Pulacayo Project Location Map, please visit the following
link: http://media3.marketwire.com/docs/F1-ApogeeSilver.jpg.

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