Apogee Awards Contract for Environmental Baseline Studies and Monitoring at Pulacayo

TORONTO, ONTARIO -- (Marketwire) -- 06/10/10 -- Apogee Minerals Limited ('Apogee' or 'the Company') (TSX VENTURE: APE) today announces that it has awarded a contract to complete the environmental baseline studies required to secure permits for the proposed development of the Pulacayo deposit, located in southwest Bolivia, to Medio Ambiente Mineria e Industria, (Medmin). Medmin is a well respected independent Bolivian environmental engineering consulting firm based in La Paz. The work to be undertaken follows a plan as prescribed by the Bolivian Ministry of Water and Environment (the 'BMWE') and resulting from Apogee's November 2009 submission to BMWE entitled, 'Environmental Form: Mineral Extraction, Milling and Construction of Tailings Facilities - Pulacayo'. This report, which was also prepared by Medmin, on behalf of Apogee, was approved by the BMWE in December 2009. (See Press Release dated January 8, 2010).

The program involves the acquisition of environmental baseline data during both semester 1 (wet season) and 2 (dry season), for the most important environmental ecosystem factors including; flora, fauna, hydrology, soil and atmosphere. The data will be incorporated into the Environmental Impact Assessment Study (the 'EEIA'), to obtain the Environmental Impact Declaration (the 'DIA'), which is required to secure the environmental permits to conduct mining and milling activities at the Pulacayo site.

Medmin anticipates that all of the necessary component baseline studies required to prepare the EEIA may be completed by the end of November 2010 and expects that a final report may be ready for submission to the BMWE as early as February, 2011. Data collection for semester 1 (wet season) has already been undertaken during February and March of this year, to ensure that the data acquisition phases can be fully complete within the 2010 calendar year.

In addition to the aforementioned initiatives, Medmin have also been engaged by the company to complete the required environmental monitoring of the ongoing exploration activity for semesters 1 (wet season) and 2 (dry season) according to the Application and Environmental Control Plan of Apogee Minerals as required by the environmental authority of the Potosi region of Bolivia.

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

About Apogee Minerals Limited

Apogee Minerals Ltd. is an exploration stage company a 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 advanced 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 Pulacayo-Paca project in Bolivia, which is an option to joint venture with Golden Minerals Company. 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 the future financial or operating performance of the Company, its subsidiaries and its projects, statements regarding the proposed timing and results of the environmental baseline studies, statements regarding the preparation of the EEIA and the DIA, statements regarding the ability of the Company to secure the necessary permits with respect to the Pulacayo property, statements regarding exploration prospects, and requirements for additional capital. 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.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts:

Apogee Minerals Limited

Ana Lopes

Investor Relations

(1) 416 861-5902
info@apogeeminerals.com
www.apogeeminerals.com