Australian iron ore exploration company Apollo Minerals Limited announce its result for the Q3 ending September 30th 2010

Highlights:
1. Strategic investor China Armco Metals Inc invests AUD 4.3 million to acquire a 19% interest in Apollo
2. Funding provided to advance Apollo’s iron ore exploration and other project opportunities
3. All approvals received for Stage 2 drilling program at Mount Oscar with drilling expected to commence in early November 2010 and results expected Q4 2010

4. Review of South Australian iron ore project at Commonwealth Hill commenced

5. Chinese investors back exploration work and project development strategy

6. Apollo currently assessing future exploration and project opportunities