Apogee Silver Awards Contract to TWP Sudamerica for Completion of Feasibility Study for Pulacayo Silver Mine

TWP Sudamerica S.A. has been awarded a contract for the completion of a feasibility study of an underground mine and concentrator plant at the Apogee Silver Ltd. (TSXV:APE) Pulacayo Project.

TWP is a member of the Basil Read Group, a leading engineering and construction company in the world, with offices across South Africa, Australia, and Peru. TWP has established a reputation of excellence in the provision of engineering, construction and project management services throughout the world. The feasibility study will commence immediately and is expected to be completed by the end of 2012. On completion of the feasibility study, a technical report in compliance with the Canadian National Instrument 43-101 will be prepared.

Apogee Silver CEO Neil Ringdahl said:

“Awarding the feasibility study represents another very important milestone for Apogee Silver as we move the Pulacayo Project forward. We are excited by the prospects of the next stage of project development and are pleased to formally expand the work with TWP Sudamerica. We believe our ongoing test mining is providing valuable knowledge toward the future development of this project.”

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