Apollo Minerals Limited reported results of additional shallow, high-grade mineralization at the Dikaki prospect (Dikaki or TP11) within the province-scale Kroussou Zinc-Lead Project (Kroussou or Project) in Gabon. DIKAKI DRILL RESULTS: Results have been received for 18 diamond holes for 1,067m from the 2022 drilling program at Dikaki (TP11). High-grade mineralization at Dikaki is associated with conglomerate and sandstone units and continues to be zinc-dominant, with zinc comprising 73% of the total Zn+Pb content in the latest results.

Significant intercepts (Figure 1) reported in this announcement include: 19.8m @ 4.0% Zn+Pb from 51.2m and 3.7m @ 7.5% Zn+Pb from 38.3m within a broader zone of 40.0m @ 3.1% Zn+Pb from 31.1m in DKDD118; 10.1m @ 5.7% Zn+Pb from 15.3m within a broader zone of 19.9m @ 4.0% Zn+Pb from 5.4m in DKDD121; 13.5m @ 4.0% Zn+Pb from 20.0m within a broader zone of 45.8m @ 2.2% Zn+Pb from 6.6m in DKDD122; 4.5m @ 4.5% Zn+Pb from 30.9m within a broader zone of 36.8m @ 1.3% Zn+Pb from 28.9m in DKDD108; and 3.3m @ 5.4% Zn+Pb from 20.0m within a broader zone of 11.4m @ 2.4% Zn+Pb from 16.5m in DKDD111. Drilling along the developing eastern extension, Dikaki-East, (Figure 1 and 5) has intersected additional shallow, high-grade mineralization along a developing trend of over 500m (e.g. in drill holes DKDD118, 121 and 122). Drill holes DKDD121 and 122 (Figures 1 and 3) demonstrate on-section extensions of the high-grade mineralization previously encountered in DKDD094.

These holes were drilled 30m and 50m either side of DKDD094, which hosted a combined 29.6m @ 3.6% Zn+Pb from 39.4m (in two closely located zones of 10.6m @ 3.5% Zn+Pb from 25.5m and 19.0m @ 3.7% Zn+Pb from 39.4m) within a total interval of 60.2m @ 2.4% Zn+Pb from 1.9m). The Dikaki-East high-grade zone now extends for over 500m with DKDD118 (19.8m @ 4.0% Zn+Pb from 51.2m) successfully demonstrating the extension of high-grade mineralization 230m to the east of DKDD094. Broad-spaced drilling in the central portion of Dikaki has also extended the main mineralized trend to the west (e.g. DKDD108) and has identified new shallow high-grade mineralization 450m to the west of DKDD108 in drill hole DKDD111.

The mineralization observed in DKDD111 is significantly higher grade than that recorded in the nearby historical BRGM drilling and now represents an additional area of investigation at Dikaki. Assays are pending for drill holes DKDD134, 138, 139 and 140 which all feature localised intervals of strong visible sulphide mineralization. These new drill holes are on an infill section between the 200m spaced sections, which contain drill holes DKDD094, 121, 122 and 118 - all of which host high-grade mineralization.

Broad mineralised intervals in these drill holes are indicated by logged base-metal sulphides over lengths of up to 20m in true thickness. These intervals contain between 0.5%-15% logged Zn-Pb sulphide minerals (sphalerite + galena) over 1- 10m locally, typically in the range of 1-4% sulphides. Intervals of more intense mineralization include logged 2-15% Zn-Pb sulphides over 0.2-4.0m.

The initial 2022 Phase 1 drill program at Dikaki, which was designed to test for mineralization to the east and west of known intercepts on nominal 200m and 400m spaced sections; and to test the entire width of the channel, has now been completed. This program has been particularly successful in discovering high-grade mineralization in the Dikaki-East area. The current drilling focus is now on the regional drill targets at TP13 and TP9.

At TP13, 11 holes for 425m have been drilled to date and are currently being processed on site. 2022 WORK PROGRAM: The 2022 planned work program at Kroussou is ongoing and is currently focussed on: Regional drilling and targeting at TP13, TP9 and TP8; An AEM survey across the whole 80km strike length of prospective geology of the Kroussou project area, which has the potential to highlight further shallow high-grade mineralization as displayed at Dikaki and Niamabimbou; Field exploration to identify new zones of mineralization at other defined prospects/regional targets through mapping, rock sampling and soil geochemistry; Analysis of results from the passive regional seismic program; Metallurgical test work to confirm positive high-recovery, high-quality sulphide concentrate production; and High level analysis of regional infrastructure options for materials transport. Exploration activities planned for the September 2022 quarter include exploration drilling at TP13, TP9 and TP8 and field exploration (mapping, rock and soil geochemical surveys).

Currently, a two rig diamond drill program is underway at TP13 and will move to TP9. The passive seismic program has been completed and covered regions of TP13, TP9, TP8 and TP4; and is currently being analyzed. An AEM survey is ongoing and scheduled to be completed in July this year.