Apogee Announces Management Changes and Provides Corporate Update

Apogee Silver Ltd. ("Apogee" or the "Company") (TSX VENTURE:APE) announces that
it has received and accepted the resignation of Neil Ringdahl, Chief Executive
Officer. Mr. Ringdahl is departing the Company in order to pursue new
opportunities, however, he will continue to assist Apogee to ensure an orderly
transition.


"On behalf of the Board of Directors, my colleagues at Apogee, and our
shareholders, we want to thank Neil for the contributions he has made to Apogee
over the years including the completion and delivery of the Pulacayo Project
Feasibility Study.", said G. Scott Paterson, Chairman of Apogee.


The Company has appointed Jennifer Wagner, a corporate securities lawyer and
current Corporate Secretary of the Company as Interim Chief Executive Officer
effective today. Ms. Wagner has been working as legal consultant and Corporate
Secretary to various publicly traded companies in the mining industry since
2008. Prior to 2008, Ms. Wagner practiced securities law at a large Toronto law
firm. Ms. Wagner obtained her Bachelor of Laws from the University of Windsor
and received a Bachelor of Arts from McGill University.


Ms. Wagner will utilize her knowledge of the Company to work with management to
implement a turnaround plan for Apogee in the coming months. The restructuring
plan involves the proposed share consolidation to be approved by shareholders at
the Company's upcoming annual and special general meeting on June 17th, 2014;
the settlement of certain debts relating to accounts payable; and the reduction
of current expenditures. 


About Apogee Silver Ltd

Apogee Silver Ltd. is a mineral exploration and development stage company listed
on the TSX Venture Exchange under the symbol APE. Apogee targets advanced, high
grade silver-zinc-lead projects in South America. Currently its projects are
located in the historic silver producing regions of southwest Bolivia and
northern Chile.


Apogee's most advanced project is the 100% controlled Pulacayo Paca project in
Bolivia for which a positive feasibility study has been completed. The Company
also has additional properties in Chile.


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, projections and estimates with
respect to management changes, proposed timeline regarding the Company's
restructuring activities, the potential effect of the proposed management and
corporate changes, the impact and anticipated timing of future developments with
respect to the Company's properties and proposed financing activities, the
future financial or operating performance of the Company, its subsidiaries and
its projects, the development of and the anticipated timing with respect to the
Pulacayo-Paca project, the ability to obtain financing and/or financial
partners; and the impact of concerns relating to permitting, governmental and
local community relations. 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". Estimates underlying the results of the feasibility study arise from
engineering, geological and costing work of TWP Sudamerica, Mercator Geological
Services, P&E Mining Consultants and the Company. See the technical report
relating to the feasibility study for a description of all relevant estimates,
assumptions and parameters. 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: general business, economic,
competitive, geopolitical and social uncertainties; the actual results of
current exploration activities; other risks of the mining industry and the risks
described in the annual information form of the Company. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Apogee Silver Ltd.
Jennifer Wagner
Interim Chief Executive Officer
[phone]
[e-mail]
www.apogeesilver.com