Apollo Gold Awards Feasibility Contract for the Black Fox Project to AMEC Americas Limited.

DENVER -- Apollo Gold Corporation (TSX:APG)(AMEX:AGT)("Apollo Gold" or the "Company") is pleased to announce that AMEC Americas Limited of Vancouver, British Columbia, Canada has been awarded the feasibility contract for Apollo Gold's Black Fox project near Timmins, Ontario, Canada.

David K. Young, Vice-President of Business Development and Technical Services for Apollo Gold stated: "The continued success of the surface and underground core drilling program for the Black Fox project has generated suitable detailed information to move the Black Fox project to the next step of a full feasibility study. Geological and reserve studies will continue, as well as mine planning (open pit and underground), production scheduling, metallurgical studies and mill design, geotechnical studies for the open pit, underground, tailing impoundments and waste facilities, environmental baseline studies and permitting programs have all been started for the project. AMEC Americas has been contracted to help Apollo develop certain sections of the report and provide oversight for all of the studies to produce the feasibility document as well as provide third party review of the feasibility study. Apollo is pleased to be able to use the background and expertise of a world class company such as AMEC. The feasibility study is scheduled for completion at the end of 2nd quarter 2005."

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 regarding potential mineralization, reserves, exploration results, and future plans and objectives of Apollo Gold, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from these forward-looking statements include: the outcome of assays and additional exploration sampling and drilling efforts, delay in permits or approvals, technical or permitting problems, unanticipated drilling problems or costs, variations in ore grade, and other factors disclosed under the heading "Risk Factors" in Apollo Gold's 10-K for the year ended December 31, 2003 and elsewhere in Apollo Gold 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.