• Salau mine was one of the world's highest grade tungsten mines, producing ~930,000 tonnes at 1.5% WO3
• Significant gold grades up to 24.5g/t Au associated with tungsten mineralization
• Deposit remains open at depth, with potential for shear hosted gold mineralization

Apollo Minerals Limited is pleased to advise that its Couflens exploration permit in southern France has been reinstated for a five-year term. The Couflens Project comprises an exploration licence that covers 42km2 in the Pyrenees region and includes the historic Salau mine, which was one of the world's highest grade tungsten mines when it operated from 1971 to 1986. In addition to tungsten, the project contains significant gold values up to 24.5g/t Au in rock chips at surface. Salau was a historical high-grade tungsten mine that produced approximately 930,000 tonnes at 1.5% WO3 for around 13,950 tonnes of WO3 in concentrate prior to closure, with production grades of up to 2.5% WO3 in the mine's latter years. Significant gold grades have been demonstrated, with results of up to 8.9g/t Au in tailings samples, 8.5m @ 3.4g/t Au and 2% WO3 in partially sampled historical core, and 8m @ 9.5g/t Au and 2.4% WO3 in channel samples deeper in the mine. Rock chip samples have confirmed the presence of widespread high grade tungsten mineralization at surface, with grades up to 8.25% WO3. The deposit remains open at depth, with previous drilling below the base of the existing underground development confirming the continuation of the mineralized system. Potential exists for shear hosted gold mineralization to be associated with large regional fault structures extending along a 5km corridor to the west of Salau, with the presence of gold confirmed down to depths of 600m, highlighting significant scale opportunity. The Company is in the process of re-assessing historical exploration data, designing programs, and developing an effective strategy to unlock shareholder value at Couflens.

The Company looks forward to unlocking the incredible exploration potential of both the high-grade Salau tungsten mine and the wider regional gold and tungsten opportunities, at a time of historically high commodity prices, which have tripled since last exploration activities in 2019. The Couflens Project once again has the potential to become a major strategic supplier of tungsten, one of Europe's most critical metals, to French and European industries.