DISCLAIMER – CAUTIONARY NOTE TO U.S. INVESTORS

The United States Securities and Exchange Commission limits disclosure for U. S. Reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this web site, such as “reserves,” “resources,” “geological resources,” “proven,” “probable,” “measured,” “indicated,” or “inferred,” which may not be consistent with the reserve definitions established by the SEC, U.S. investors are urged to consider closely the disclosure in our Form 10-K. You can review and obtain copies of these filings from the SEC’s website at http://www.sec.gov./edgar.shtml.

DISCLAIMER – PRIVATE SECURITIES LITIGATION ACT OF 1995

Safe Harbor: The statements contained in this document are both historical and forward-looking in nature. The forward-looking statements involve risks and uncertainties including those relating to exploration, the establishment of reserves, the recovery of any reserves, future gold production and production costs, and future permitting dates for additional sources or ore. Please refer to a discussion of these and other risk factors in Apollo Gold’s Form 10-K and other SEC filings. The forecasts contained in this document constitute management’s current estimates, as of the date of this document, with respect to the matters covered thereby. We expect that these estimates will change as new information is received and the actual results will vary from these estimates, possibly by material amounts. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event. Investors and others should not assume that any forecasts in this document represent management’s estimate as of any date other than the date of this document.

Information: The information contained in this document has been obtained by Apollo Gold from its own records and from other sources deemed reliable however no representation or warranty is made as to its accuracy or completeness.

Currency: All monetary amounts refer to United States dollars unless otherwise indicated.

OTHER LEGAL INFORMATION:

The materials on this site may not be copied, reproduced, distributed, republished, downloaded, displayed, posted or transmitted in any form by means, including electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Apollo Gold, unless you download one copy to a single computer for your personal non-commercial use.

The information on this site is provided “as is” without any warranties of any kind either express or implied. Due to the nature of the internet, Apollo Gold cannot guarantee the accuracy of the information contained in this website or its suitability for any purpose. The content of this website may contain technical or other inaccuracies, or omissions, and or typographical errors for which Apollo Gold assumes no responsibility. The content of the website may be updated or changed without notice.

Hypertext links on this website are independent links to other websites which are included for your convenience and Apollo Gold has no control over the other websites. Additionally, Apollo Gold neither endorses nor accepts responsibility for the content of those sites.