Mr. Ross McElroy reports

APOLLO SILVER ANNOUNCES RETURN OF TOM PEREGOODOFF AS BOARD NOMINEE AND PROSPECTIVE EXECUTIVE CHAIR

Apollo Silver Corp. has nominated Tom Peregoodoff for election to the company's board of directors at the company's upcoming annual general meeting on March 27, 2026, and, if elected, the board intends to appoint Mr. Peregoodoff as executive chair.

Mr. Peregoodoff brings more than 30 years of experience in the natural resources sector, including senior leadership roles in corporate development, capital markets and project advancement. He previously served as president and chief executive officer of Apollo Silver and was formerly president and chief executive officer of Peregrine Diamonds Ltd., where he oversaw the advancement of the Chidliak diamond project in Nunavut prior to its acquisition by De Beers Canada. Mr. Peregoodoff has also held executive and board roles with a number of publicly listed mining companies, including 18 years with global mining company BHP, and brings extensive experience in corporate strategy, financings, mergers and acquisitions, and governance across the exploration and development life cycle.

Following the annual general meeting of shareholders, Andrew Bowering, founder and a significant shareholder of the company, will step down as chair and continue as a director, remaining actively engaged at the board level.

Mr. Bowering commented: "I am very pleased to see Tom return to an executive leadership role at Apollo Silver. His deep understanding of the company, combined with his experience in building and leading mining companies, makes him exceptionally well suited to serve as executive chair. With a strong board and management team in place, I look forward to continuing to support Apollo Silver as a director and significant shareholder, as the company moves into its next phase of development."

Mr. Peregoodoff stated: "I am honoured to return to an executive leadership role with Apollo Silver at such an important stage in the company's evolution. I would also like to thank Andy for his leadership and vision as founder, which have been instrumental in establishing Apollo Silver's asset base and positioning the company for continued advancement. I look forward to working closely with the board and management team to advance the Calico and Cinco de Mayo projects, and support the disciplined execution of Apollo Silver's strategy."

Concurrent with Mr. Peregoodoff's appointment as executive chair, Steven Thomas, the company's current audit committee chair, will assume the role of lead independent director, providing independent leadership to the board and acting as a key liaison between the independent directors and management.

About Apollo Silver Corp.

Apollo Silver is advancing the second largest undeveloped primary silver projects in the United States. The Calico project hosts a large, bulk minable silver deposit with significant barite and zinc credits -- recognized as critical minerals essential to the United States energy, industrial and medical sectors. The company also holds an option on the Cinco de Mayo project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

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