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APOGEE MINERALS LTD 65 Queen Street West_ Suite 815 Toronto

VIEWS: 4 PAGES: 6

									                                APOGEE MINERALS LTD.
                               65 Queen Street West, Suite 815
                                 Toronto, Ontario M5H 2M5

  APOGEE CHANNEL SAMPLING AT BUENA VISTA FINDS MORE HIGH-GRADE
             GOLD-SILVER-ZINC-LEAD MINERALIZATION

TORONTO, ON September 20, 2005 Apogee Minerals Ltd. (TSX Venture Exchange: APE)
has received additional analytical results showing high-grade Gold-Silver-Zinc-Lead
mineralization from the program of underground channel sampling on previously mined drifts at
the Buena Vista property in the Potosi district of southwestern Bolivia. Apogee has channel
sampled the Rampa drift, which lies 125 metres northwest of the San Pablo Adit, where channel
sample results have been recently reported (see press release dated August 12, 2005). The Rampa
drift is 137 metres long and is between 20 and 40 metres below surface. The drift was
systematically channel sampled over its entire length including declines and crosscuts.

Significant assays have been returned from the channel sampling done from underground on the
Rampa drift (See attached figure). A total of 35 channel samples have been taken with all the
results included in Table 1 below. Some of the more significant assays include:

       4.10 metres of 5.8 g/t Gold, 10.7oz/T Silver, 26.1% Zinc and 8.6% Lead
       2.15 metres of 5.8 g/t Gold, 15.9 oz/T Silver, 8.7% Zinc and 7.3 % Lead
       2.00 metres of 6.1 g/t Gold, 26.6 oz/T Silver, 7.3% Zinc and 2.4% Lead
       1.40 metres of 5.3 g/t Gold, 13.7 oz/T Silver, 10.0% Zinc and 3.0 % Lead
       1.50 metres of 7.0 g/t Gold, 14.5 oz/T Silver, 5.2% Zinc and 2.3% Lead
       1.25 metres of 10.6 g/t Gold, 62.5 oz/T Silver, 10.0% Zinc and 6.6 % Lead

The Phase I exploration program to date has tested the vein structure for over 800 meters to a
vertical depth of 150 meters below surface. The program has included diamond drilling (6 holes
totalling 1200 metres), surface trenching (10 trenches) and underground channel sampling (4 old
workings). The structure ranges from < 1.0 to 30 metres wide and is near vertical.

Apogee Vice-President Exploration Robert Campbell stated: “The results from underground
channel sampling have begun to outline a very significant high grade gold-silver-zinc-lead zone
that remains open along strike and at depth. The vein structure is very continuous and has good
exploration potential for a significant resource. We are therefore planning an expanded Phase II
drill program to further define and quantify the mineralized zone.”

The Bolivian Altiplano and Eastern Cordillera hosts an important metallogenic event. Major
hydrothermal ore deposits of gold, silver, tin, lead, zinc, bismuth and antimony are related to
near-surface stocks and subvolcanic eruptive centers. The mineralization occurs in veins, fracture
swarms, dissemination and breccias. The deposits are telescoped with early high temperature
phases and have some affinities with the epithermal low-sulfidation type model.

The Buena Vista property is located in southwestern Bolivia, approximately 600 km south
southeast of La Paz, within the San Antonio de Lipez District, Potosi Department, near the
border with Argentina. The property is comprised of one 200 ha block.
Apogee’s Phase 1 Exploration program at the Buena Vista consists of detailed geological
mapping, sampling trenches and old underground workings and drilling six holes totalling 1,200
metres.

Mr. Robert Anderson Campbell, M.Sc., P.Geo., is the Qualified Person as defined under
National Instrument 43-101 responsible for the scientific and technical work on the exploration
program and is responsible for reviewing the technical disclosure in this press release.

All analytical work has been completed by ALS Chemex of North Vancouver, BC, Canada. A
suite of 30 elements was analyzed using aqua regia digest and ICPAES analysis (ALS Analytical
Code ME-MS41). Any samples exceeding threshold limits were re-analyzed using the most
appropriate technique: silver, zinc and lead – agua regia digestion, AAS finish (ALS Analytical
Code AA46), gold – 30g fire assay with AAS finish (ALS Analytical Code AA25). ALS
Chemex is a respected international analytical service which is accredited with NATA and
complies with standards of ISO 9001:2000 and ISO 17025:1999. They employ a variety of
international standards for quality control purposes. The company has initiated a QC program
consisting of utilizing standards, duplicate and blank samples and laboratory cross-checks.

Apogee Minerals Ltd. is a Canadian exploration and development company listed on the TSX
Venture Exchange under the symbol APE. The company has several advanced Silver-Zinc
exploration properties in the historic Potosi Department of southwestern Bolivia and recently
received regulatory approval for the acquisition of the Silver-Zinc-Lead producing La Solucion
mine in northwestern Bolivia.

Statements in this release that are not historical facts are “forward-looking statements” within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that
any such statements are not guarantees of future performance and that actual developments or
results may vary materially from those in these “forward-looking statements”.

This press release is available on the company’s official on-line investor relations site for
investor commentary, feedback and questions. Investors are asked to visit
http://www.agoracom.com/ir/apogee . Alternatively, investors are asked to email all questions
and correspondence to APE@agoracom.com where they can also request addition to the Apogee
Minerals investor email list to receive all future press releases and updates directly.

For further information contact:
John Carlesso
President and C.E.O.
(416) 861-5881
               Table 1: Underground Channel Sample Results
                               Rampa Drift

             Width
Sample #    (metres)    Au (g/t)    Ag (g/t)   Ag (oz/T)   Pb %      Zn %
    7824         1.25        10.6       2140        62.5       6.6      10.0

     7822       0.40        14.6       2230         65.1       5.5      16.9
     7823       1.60         4.0        584         17.0       1.6       4.9
Average         2.00         6.1        913         26.6       2.4       7.3

     7821       0.85          2.5       140          4.1       0.5       0.8

     7820       1.50          1.7        85          2.5       0.4       0.6

     7819       2.30          1.7       154          4.5       1.0       0.6

     7323       6.00          0.1        7.9         0.2      0.01       0.6

     7818       1.40        0.05         1.6        0.05      0.01       0.6

     7816       1.25        0.05         1.5        0.04      0.01       0.1
     7817       1.00         0.1         3.1         0.1      0.03       0.1
Average         2.25         0.1         2.2        0.06      0.02       0.1

     7814       0.40        10.2         725        21.2      15.2      13.8
     7815       0.85         0.5        12.6         0.4       0.3       0.3
Average         1.25         3.6       240.6         7.0       5.1       4.6

     7322       4.80          2.4       71.3         2.1       1.0       1.6

     7825       1.80          0.6       56.3         1.6       1.7       1.8

     7826       2.20          5.6       350         10.2       8.1      24.5
     7827       1.90          6.0       388         11.3       9.2      27.9
Average         4.10          5.8      367.6        10.7       8.6      26.1

     7828       1.15        37.2        188          5.5       1.3       1.4

     7829       1.15          5.6       181          5.3       1.8       2.4

     7830       0.95          0.8       33.8         1.0       0.3       0.5

     7831       0.35        16.8       1635         47.7      12.1      19.2
     7832       1.05         1.0        80.6         2.4      0.03       0.5
Average         1.40         5.3       469.2        13.7       3.0       5.2

     7833       0.25          3.3        401        11.7       9.0      17.7
     7834       0.90          0.1        4.1         0.1       0.1       0.1
Average         1.15          0.8       90.4         2.6       2.0       3.9

     7835       1.50          7.0       498         14.5       2.3       3.0
     7836   0.35    16.6   2350    68.6   13.0   23.7
     7837   1.80     3.7    192     5.6    6.2    5.7
Average     2.15     5.8   543.3   15.9    7.3    8.7

     7838   1.05     2.1    121     3.5    2.3    2.2
     7839   1.80     5.7    455    13.3    8.0   19.5
Average     2.85     4.1    350    10.2    4.3   13.5

     7321   5.00   <0.05     6.9    0.2   0.05    0.3

     7320   5.00   <0.05     2.4    0.1   0.01   0.01

     7319   5.00   <0.05     0.7   0.02   0.01   0.03

     7318   5.00   <0.05     4.4    0.1   0.01   0.02

     7317   5.00   <0.05    20.3    0.6   0.05    0.1

     7316   5.00   <0.05    14.3    0.4   0.04    0.1

     7315   5.00   <0.05     7.0    0.2   0.01   0.02

								
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