Apollo Gold Announces the Completion of Standard Mine Construction.

DENVER -- Apollo Gold Corporation (TSX: APG) (AMEX: AGT) ("Apollo Gold" or the "Company") announces the completion of the construction phase of the Standard Mine and facilities near its Florida Canyon operations in Nevada. The Standard Mine is an open pit gold operation utilizing typical heap leaching and carbon absorption mineral processing. The new mine facility consists of a 3.2-million-square-foot lined leach pad, carbon plant and various mine facilities.

Pad loading began in October 2004, with heap leaching started in November 2004 and initial gold pours are planned before the end of the year. Production will be phased up throughout 2005 with total production planned at over 40,000 ounces of gold for 2005.

Apollo Gold President and CEO R. David Russell said, "The completion of Standard Mine construction and beginning of production represents a key milestone in Apollo's plan for profitability and growth. Standard represents our commitment to the continuing operations in Nevada and should contribute to the growth of Apollo Gold."

About Apollo Gold

Apollo Gold is a gold mining company with operating mines in Nevada and Montana and an advanced stage development project, Black Fox, along the productive Destor-Porcupine Fault east of the Timmins Gold Camp in Ontario, Canada. Apollo has also recently started a new exploration project in the Sierra Madre Mountains of Mexico on a project referred to as Huizopa.

Forward-Looking Statements

This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements made by Apollo Gold are forward-looking statements that involve various risks and uncertainties. There can be no assurance that the projected production can be obtained. Important factors that could cause actual results to differ materially from these forward-looking statements include: unanticipated start-up or production delays and other factors disclosed under the heading "Risk Factors" and elsewhere in Apollo documents filed from time to time with the Toronto Stock Exchange, The American Stock Exchange, The United States Securities and Exchange Commission and other regulatory authorities.