Apollo Gold Updates the Market on Its Black Fox Project.

DENVER -- Apollo Gold Corporation ("Apollo" or the "Company") (TSX:APG) (AMEX:AGT) is pleased to report the status of its Black Fox project located east of Timmins, Ontario.

Permitting at Black Fox

Apollo is pleased to report that applications for environmental permits to mine and mill 1,500 tonnes per day were submitted in May 2007 for its Black Fox project for a combined open pit and underground operation.

The company has submitted a Notice of Project Status, as required under Section 141.(1)(a) of the Mining Act, R.S.O., Chapter M14 for Mine Production. The Notice of Project Status indicates that the project will be changing status from an advanced exploration project to a mine development and production project. Further applications for Certificates of Approval, Public Notification, and New Certified Closure Plans, also in accordance with the Mining Act, are also underway. The permits and operating certificate that were applied for were for both mining and processing facilities for the purpose of extracting gold and converting it into dore at the Black Fox Project.

Apollo has been conducting and commissioning studies, assessments, and technical reports for its Black Fox project since 2003, with AMEC Earth & Environmental of Mississauga, Ontario, being the lead consultant pertaining to permitting studies, assessments, and reporting.

Drilling at Black Fox

Apollo is also pleased to report that a 10,000 meter surface core drilling program commenced in May 2007. The program will focus on testing the Black Fox deposit at depth and along strike and if successful would add to the overall resources of the project. Other mines in the Timmons district are known for their deposit depths and we therefore plan to drill to a depth of 800 meters, which is 400 meters below our existing resources.

Norex Drilling Ltd. of South Porcupine, Ontario has been contracted to conduct the surface drill program.

Black Fox Feasibility Study

Apollo confirms that SRK Consulting Group, a third party engineering company, continues to be on schedule to produce an underground resource/reserve statement (Canadian National Instrument 43-101) in the second quarter 2007. Apollo expects that the feasibility study, which will include the already published open pit reserves as well as the underground reserves, will be completed by SRK in the Fourth Quarter 2007. Apollo anticipates that the proposed project will be a combined open pit/underground mining operation with a 1,500 tonnes per day mill facility on site.

The Black Fox project is located on the Destor Porcupine Fault Zone (DPFZ) in the Larder Lake Mining Division of Ontario which has produced over 70 million ounces of gold since 1910 from various properties on the trend including Dome, Hollinger, McIntyre, Pamour, Hoyle Pond and Ross Mines.

Apollo Gold Corporation

Apollo is a gold mining and exploration company which operates the Montana Tunnels mine, which is a 50% joint venture with Elkhorn Tunnels, LLC, the Black Fox advanced stage development project in Ontario, Canada, and the Huizopa project, an early stage exploration project in the Sierra Madres in Chihuahua, Mexico.

Contact Information:
Investor Relations - Marlene Matsuoka
Phone: [phone] Ext. 217               Toll Free: 1-877-465-3484
E-mail: [e-mail]                Website: www.apollogold.com

FORWARD-LOOKING STATEMENTS

This press release includes forward-looking statements the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended, with respect to our financial condition, results of operations, business prospects, plans, objectives, goals, strategies, future events, capital expenditure, and exploration and development efforts. Forward-looking statements can be identified by the use of words such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "intends," "continue," or the negative of such terms, or other comparable terminology. These statements include comments regarding permits and operating certificates at Black Fox, future gold extraction at Black Fox, the planned drilling program at Black Fox, the timing of completion of underground reserve and feasibility studies at Black Fox, the nature of the mining operation at Black Fox and the existence and capacity of any mill facility at Black Fox. These forward-looking statements are subject to numerous risks, uncertainties and assumptions including unexpected changes in business and economic conditions, the results of independent Canadian NI 43-101 reports, the results of current and future exploration activities, and other factors disclosed under the heading "Risk Factors" in Apollo's Annual Report on Form 10-K for the year ended December 31, 2006 and elsewhere in documents that Apollo files from time to time with the Toronto Stock Exchange, the American Stock Exchange, the United States Securities and Exchange Commission and other regulatory authorities. There can be no assurance that future developments affecting the Company will be those anticipated by management. The forecasts contained in this press release constitute management's current estimates, as of the date of this press release, with respect to the matters covered thereby. Apollo disclaims any obligation to update forward-looking statements, whether as a result of new information, future events or otherwise.