About G Scott Paterson

Paterson was appointed to the Board of Directors that same year and added the role of Chairman of Lionsgate’s Audit Committee a decade later. Today he is largest shareholder of the independent Board members.

TORONTO, ONTARIO—(Marketwire — Dec. 9, 2010) — Apogee Minerals Ltd. (TSX VENTURE:APE) today announced that Mr. G. Scott Paterson has agreed to join the board of Apogee. Mr. Paterson is Vice Chairman of NeuLion Inc. (formerly JumpTV), having been Chairman from January 2002 until October 2008. NeuLion is a world leader in IPTV, counting the NFL, NHL, NBA and the NCAA as key clients and is a board member of several public companies. He is also Chairman of the Merry Go Round Children’s Foundation and a Governor of Ridley College. From 1998 to December 2001, Mr. Paterson was Chairman and CEO of Yorkton Securities Inc., which under his leadership became Canada’s leading technology investment bank, raising over $13 billion in equity for Canadian companies as managing and co-managing underwriter. Mr. Paterson has served as the past Chairman of the Canadian Venture Stock Exchange and as a former Vice Chairman of the TSX. In 2009, Mr. Paterson obtained the ICD.D designation by graduating from the Rotman Institute of Corporate Directors at the University of Toronto.

In conjunction with Mr. Paterson’s appointment, Mr. Helio Diniz has resigned from the Board of Directors of the Company but has agreed to continue in a consulting role with respect to Apogee’s exploration and development projects in South America.

Apogee is also please to announce the appointment of Ms. Marilia Bento to the position of Vice President, Corporate Development. Ms. Bento has over 20 years of experience in the financial industry and the Canadian Capital Markets. Previously Ms. Bento was Managing Director at Macquarie Capital Markets Canada Ltd. and held the position of the Head of Equity Capital Markets Canada. Marilia has participated financings for numerous energy, mining, technology and healthcare companies, representing over 800 financings and over $46 billion in equity. Marilia was also responsible for building a retail network group that had over $45 billion of assets under administration and comprised over 1,400 retail brokers across Canada. Prior to the acquisition of Orion Securities by Macquarie Capital Markets Canada Ltd., Ms. Bento was on the Board of Directors of Orion from June 2000 until November 2007.

Mr. Stan Bharti, Chairman of Apogee stated; “We are very pleased to have Scott Paterson and Marilia Bento joining Apogee. The Company is seeking to improve our communication and profile within the investment community to complement the strong technical team that is in place. The capital markets background of Mr. Paterson and Ms. Bento will go a long way to improving this aspect of our business. We thank Mr. Diniz for his service as member of Apogee’s Board.”

In connection with their respective appointments, Mr. Paterson will receive 2.4 million stock options and Ms. Bento will receive 600,000 stock options in relation to their appointments at an exercise price of $0.27 that vest in eight equal tranches over a two year period. Apogee will also issue 4,370,000 options to consultants and insiders of the Company. The options have an exercise price of $0.27 per option exercised and will vest immediately subject to a statutory four month hold period. The options will expire five years from the date of grant and are subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

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