HIGHLIGHTS

• Apollo has intersected what may be a significant new IOCG system in the final hole of drilling at its Titan Project in South Australia

• Diamond hole (14NB001) appears to have intersected the very top of a magnetite rich IOCG sys t em which remains open in all directions

• Significant IOCG alteration and mineralisation identified along a discontinuous length of approx imately 60 metres to the end of hole

• Sulphides evident along veins and in disseminated form through alteration zones

• Alteration and mineralisation in this hole may be of the same style as IOCGs in the nearby Mount Woods Domain, host to the major Prominent Hill IOCG mine

• System remains open in all directions

• Assays from this hole are due by end of November

• A number of other targets now being reviewed for further IOCG potential

Apollo advises that detailed geological logging an d analysis of diamond core hole 14NB001 , drilled in the maiden IOCG – targeted drill programme at Eaglehawk has highlighted significant IOCG alteration and mineralisation along a discontinuous length of approximately 60 metres to the end of hole . Assays for the hole are expected to be available by the end of November .

It is believed that the alteration and mineralisation seen in this hole is of the same style as IOCGs in the nearby Mount Woods Domain, host to the major Prominent Hill IOCG mine. Sulphides are evident along fractures and in disseminated form within zones of hydrothermal alteration. These findings are currently being verified by laboratory assays and independent experts.

Chief Executive Officer Dominic Tisdell stated:

"These are exciting and highly encouraging results and provide the strongest evidence to date that the Titan Project has the very real potential to host the next major IOCG discovery. It ‘ s early days in an exploration sense but we continue to be encouraged by indications o f widespread intrusive activity in the Titan Project which we are confi r ming as part of the IOCG mineralising Hiltaba Granite event. The purpose of our recent drilling programme was to test the very top of a number of targets for verifiable signs of IOCG alteration. The indication that Hiltaba intrusives are associated with a significant zone of iron – rich alteration and sulphide mineralisation in 14NB001 is particularly promising. I also stress that we ‘ve still got a large number of equally compelling and prospective targets completely undrilled at this stage. "