Apollo Gold Corporation ("Apollo" or the "Company") (TSX:APG)(AMEX:AGT) announced today net income of $0.5 million, or $0.00 per share, for the three months ended September 30, 2008, as compared to net income of $2.1 million, or $0.01 per share, for the three months ended September 30, 2007.

Apollo Gold Corporation ("Apollo" or the "Company") (TSX:APG) (AMEX:AGT) is pleased to announce additional encouraging results from core drilling of the Gold Zone at its Black Fox Project near Timmins, Ontario, Canada.