APE Apogee Opportunities

THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
SERVICES OR DISSEMINATION IN THE UNITED STATES.


Apogee Silver Ltd. ("Apogee" or the "Company") (TSX VENTURE:APE) is pleased to
announce that, subject to receipt of regulatory approval, it has retained the
services of Zone Capital Partners ("ZCP") to provide financial consulting and
investor relations services to the Company, effective April 2, 2012. 


Neil Ringdahl, Chief Executive Officer of the Company, stated, "We believe that
we have a compelling story to tell the marketplace and we look forward to
working with Zone Capital Partners on a series of institutional roadshows."


In connection with the engagement, ZCP has been granted a consulting contract
for $10,000 per month for a minimum term of six months and such contract may be
terminated any time upon thirty days written notice. In addition, ZCP has been
granted 2,000,000 stock options at a price of $0.22. The options shall vest
quarterly and shall remain subject to a four month and one day statutory hold
period expiring on August 14, 2012. The options shall remain subject regulatory
approval and shall expire on April 13, 2017, in accordance with the termination
provisions of Apogee's Stock Option Plan. 


About Zone Capital Partners:

Zone Capital Partners is a U.S. based consulting firm whose core focus is in the
commodity sector. Founded and capitalized in 2008 by Ira W. Miller, ZCP's CEO,
the firm has represented in excess of one billion dollars of aggregate client
capitalization. In addition Mr. Miller serves on UCLA's economic board of
visitors. Mr. Miller stated, "We are very enthused about the growth prospects of
Apogee Silver and we are highly confident of their success."


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 engagement of ZCP, statements made regarding the
anticipated timeline with respect to the development of the Pulacayo project,
mineral resource estimates, mineral prices, the potential benefits of the
engagement, 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

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