Apollo Silver Corp. — Regulatory Filings 2021

Jan 8, 2021

Form 51–102F3 MATERIAL CHANGE REPORT

Item 1. Name and Address of Company Apollo Gold & Silver Corp. (formerly Apollo Gold Corp.)

Item 2. Date of Material Change

January 8, 2021

Item 3. News Release

A news release dated January 5, 2021 was disseminated on January 5, 2021 and filed on SEDAR on January 6, 2021.

Item 4. Summary of Material Change

Apollo Gold Corp. Announces Name Change

Item 5.1 Full Description of Material Change

Apollo Gold Corp. (the “ Company ”) announced on January 5, 2021, inter alia , as follows:

Effective as of Friday, January 8, 2021, it will implement a name change from “Apollo Gold Corp.” to “Apollo Gold & Silver Corp.” (the “ Name Change ”). The Company has received approval of the Name Change from the TSX Venture Exchange (“ TSXV ”).

Following the Name Change, the Common Shares will trade on the TSXV under the Company’s same stock symbol “APGO”. The Common Shares are scheduled to begin trading at market open on Friday, January 8, 2021, under new CUSIP number 03768P100 and new ISIN number CA03768P1009.

5.2 Disclosure for Restructuring Transactions

Not applicable.

Item 6. Reliance on subsection 7.1(2) of National Instrument 51–102

Not applicable.

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Item 7. Omitted Information

No information was omitted.

Item 8. Executive Officer

The following senior officer of the Company is knowledgeable about the material change and this Material Change Report and may be contacted:

Simon Clarke, Chief Executive Officer Telephone: 604-551-9665

Item 9. Date of Report

January 8, 2021.

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