APEX MINERALS NL

Apex Minerals NL announce that following its annual resource re-estimation, the Wiluna Mineral Resource has increased by 83,000 ounces of gold as at 30th June 2009. The revised Mineral Resource totals 8.03 million tonnes at 6.6g/t for 1.6 million ounces of gold. This represents an 8% increase in grade and a 5% increase in contained gold compared with the previous Mineral Resource estimate undertaken in October 2008, using the same estimation criteria. Importantly, the Indicated Resource has effectively remained unchanged at 763,000 ounces, and the average grade has increased by 6% to 6.9g/t gold. This is despite mining depletion of 90,000 ounces (600,000 tonnes at 4.7g/t) since October 2008, being 198,000 tonnes at 5.7g/t for 36,000 ounces gold mined from Calais and 402,000 tonnes at 4.1g/t for 54,000 ounces gold mined from East Pit.