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Denver, Colorado – April 26, 2008 Apollo Gold Corporation (TSX:APG) (AMEX:AGT),
today announced that it has filed a shelf registration statement on Form S-3 with the Securities
and Exchange Commission (SEC) that, if declared effective by the SEC, would allow the
Company to sell, from time to time, up to $100 million of its debt securities, common stock and
warrants (“Securities”) in one or more offerings. The Company is not required to offer or sell all
or any portion of the Securities in the future under the shelf registration statement and will do so
only if market conditions warrant. The terms of any offering under the shelf registration
statement will be established at the time of such offering. The registration statement also
includes the resale of up to 28.7 million shares of Apollo’s common stock owned by St. Andrew
Goldfields Ltd.

The Company intends to fund the construction of its Black Fox mine in Ontario, Canada and, if
completed, the proposed purchase of the Stock Mill from St. Andrew Goldfields Ltd. by utilizing
a combination of loans from banks and the net proceeds from sale of common stock under the
shelf registration statement. The use of proceeds from the sale of Securities will be described in
a prospectus supplement filed at the time of an offering.

If declared effective by the SEC, the shelf registration statement would enable Apollo Gold to
raise funds from the offering through underwriters, agents, dealers or by sales to direct
purchasers, subject to market conditions and the Company’s capital needs.

The shelf registration statement has been filed but is not yet effective. The Securities offered by
the Company under the shelf registration statement may not be sold, nor may offers to buy the
Securities be accepted prior to the time the registration statement becomes effective. This press
release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be
any sale of the Securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Any offering may be made only by means of the prospectus and a related prospectus supplement.

About Apollo Gold
Apollo is a gold mining and exploration company which operates the Montana Tunnels Mine,
which is a 50% joint venture with Elkhorn Tunnels, LLC, in Montana, the Black Fox advanced
stage development project in Ontario, Canada, and the Huizopa project, an early stage
exploration project in the Sierra Madres in Chihuahua, Mexico.

This news release contains forward-looking information under applicable securities laws,
including statements regarding the filing of the registration statement on Form S-3, the proposed
purchase of the sale of the Stock Mill property and the construction of the Black Fox mining
property. Forward looking information is subject to known and unknown risks, uncertainties and
other factors that may cause actual results to differ materially from those implied by the forward-
looking information and there can be no assurance that the purchase and sale of the Stock Mill
property will be consummated. Reference should be made to the most recent Annual
Information Forms of Apollo Gold for a discussion of the risks and uncertainties impacting on
Apollo Gold, which are available at and to Apollo Gold’s most recent Annual
Report on Form 10-K, which is available at

For further information, please contact:

Investor Relations: Marlene Matsuoka
Phone: 720-886-9656 Ext. 217
Toll free: 1-877-465-3484

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