Apollo Gold Announces Standard Gold Mine Pours First Gold / Silver Bar

DENVER--(BUSINESS WIRE)--Dec. 29, 2004--Apollo Gold Corporation ("Apollo" or the "Company") (TSX:APG)(AMEX:AGT) is pleased to announce that the Company's Standard Gold Mine near Winnemucca, Nevada has poured its first gold/silver dore bar.

The Standard Gold Mine received the required operating permits in May 2004 and immediately started the construction and development of the open pit/heap leach gold mine approximately 4 miles south of Apollo's Florida Canyon mine in Nevada. This is the first mine that the new Apollo Gold has developed since purchasing the company in 2002.

About Apollo Gold

Apollo Gold is a gold mining company with operating mines in Nevada and Montana, the Black Fox advanced stage development project in Ontario, Canada, and the Huizopa Project an early stage exploration project in the Sierra Madre Gold Belt in Chihuahua, Mexico.

Dave Young,

720-886-9656 ext. 55

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