Advanced Silver Projects World Class Silver Districts

Highlights
Silver focus Proven world class districts: Bolivia & Chile Advanced stage: (Pulacayo & Paca) NI 43-101 Resources Preliminary Economic Analysis Excellent leverage to Zinc & Lead Part of the Forbes & Manhattan Group of Companies: Technical and nancial expertise to support the project at every stage Proven record of building assets and companies:
(ex: Cons.Thompson & Desert Sun)

Capitalization Pulacayo, Bolivia

Production from 1883-1959 over 600 million ounces of silver (2nd largest silver mine in Bolivian History) Today (43-101* Underground Opportunity)
31.6m ounces of silver Avg. grade 90 g/t Cut-off of US$40 NSR 750 metres of strike drilled to date of 2.7 km historical strike APE 185.6m $0.36 $67m $6.6m 279m Ave Exer Price of Warr/Options: $0.21 . Cash Recd if Warr Options Exer $20 m ./ .: Drilling Budget for 2011: $2.7m (20,000 metres) Avg. Daily Volume 3 mth 1,060,000 Symbol: (TSX:V) Shares O/S: Price: Market Cap: Cash (As at Dec 31, 2010): Fully Diluted S/O:

2011 Plan
2 drilling rigs on site now 20,000 metres to be drilled by August Extending along strike both East and West Assessment of Toll milling high grade ore (Q1)

Preliminary Economic Assessment (2010)

Develop high grade underground mine using bulk mining

methods (sub level open stoping) and existing development use conventional otation ow sheet to produce zinc-silver and lead silver concentrates Capex of US $69.4 m to build an 1800 tpd. mill Cost per ounce of silver: US $5.50 (net of Lead and Zinc inputs) Average annual silver equivelant production of 4.6 million ounces A Member of the Forbes & Manhattan Group of Companies

*Joaquin Merino, a qualied person, as dened under NI 43-101 has reviewed and approved the scientic and technical information contained in this presentation.

TSX-V: APE Pg. 1

March, 2011 Pulacayo Deposit Expansion Potential

010 063 140 143 144 145 146 147 150 152

Signicant Drill Results East of Current Resources

DDH
060A

Ag g/t
301.08 181.27 146.61 126.44 129.13 141.87 194.42 153.88 168.41 405.03 122.89

Pb%
0.90 0.16 0.73 0.61 0.04 0.42 0.24 0.71 0.59 0.28 0.35

Zn%
2.27 0.23 1.54 1.96 0.23 0.98 1.13 1.98 1.61 0.61 1.36

Core Length
25.9M 11.3M 33.0M 51.7M 42.7M 21.0M 14.0M 28.0M 47.0M 27.2M 19.9M

Paca, Bolivia
located 8km north of Pulacayo 43-101 Open Pit Opportunity 25m ounces of silver avg. grade 43 g/t Ag cut-off $US 20 GMV Potential low cost mill feed with integration into Pulacayo mine plan.

Cachinal, Chile

Located in Paleocene Gold Belt (host to world class epithermal and porphyry deposits): letter of intent to acquire 43-101 Underground Opportunity 21.3m Oz of silver avg. grade 102 g/t Ag Cut-Off 40g/t Ag equivalent on Open Pit Resources & 150 g/t Ag equivalent on Underground Resources.

Selected Board & Management

G. Scott Paterson
Chairman Chief Executive Ofcer Former CEO of Yorkton Securities, Vice Chairman of NeuLion Inc., former Chairman of the TSX:V. Former Global Manager Nickel/PGMs at Noranda-FalconbridgeXstrata Professional Engineer with 25 years experience in mine engineering, mine operations, corporate and project nance & CEO of Forbes & Manhattan. 23 years in the mineral resource industry, most recently as VP Exploration of Gold Eagle Mines Ltd. 15 years with Noranda
20 years of nancial industry experience, formerly MD Head of Equity Capital Markets for Macquarie. Formerly on the Board of Directors for Orion Securities.

Contact Information
Marilia Bento
VP, Corporate Development +1 (416) 309-2139 mbento@apogeeminerals.com Apogee Minerals Ltd. 65 Queen Street West Suite 815 Toronto, ON Canada M5H 2M5 www.apogeeminerals.com

David Gower, P.Geo. Stan Bharti Chris Collins, P.Geo.

President

Marilia Bento Oscar Calero

VP, Operations Consultant

VP, Corporate Development

20 years of engineering experience in mine operations and development projects in both Peru and Canada. Mining Engineer with close to 20 years experience in coal, platinum and gold mining industry 15 years experience in exploration and underground mine geology.

Grant Davey Joaquin Merino, P.Geo.

Vice President, Exploration

A Member of the Forbes & Manhattan Group of Companies

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