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Apolo Gold & Energy Inc. Announces Acquisition of Additional Lithium Battery Stake

Apolo Gold & Energy Inc. Announces Acquisition of Additional Lithium Battery

HONG KONG, Feb. 19, 2014 (GLOBE NEWSWIRE) -- Apolo Gold & Energy Inc.
("Apolo") (OTCQB:APLL), a Nevada Corporation, is pleased to announce that it
has acquired an additional 29% stake in JIANGXI EVERENERGY NEW MATERIAL CO.,

Apolo has agreed to issue 11 million restricted common shares of APOLO at a
deemed price of US$0.45 per share for this transaction for a sale value of
US$17 million. The 29% interest is being acquired from a private party.

Apolo acquired its initial 24% stake on December 23, 2013 for 8 million shares
and US$1 million cash. The additional 29% brings Apolo's total stake to 53%
giving it the controlling interest in the Jiangxi Everenergy New Material
Company, Ltd.

Everenergy, located in the Li-ion Battery high-tech industry park of Yi Chun,
Jiangxi Province, China, was founded in July, 2010 with a registered capital
of 22 million RMB and the total asset value on its balance sheet is 107.9
million RMB (US$17 Million). Covering an area of 16.5 acres, the company
mainly deals with the R & D, production and sales of high quality lithium
batteries, cathode materials and relevant precursor materials.

Kelvin Chak, CEO stated, "We were able to acquire this additional 29% stake at
a very favorable price to bring our share up to 53%. We like the lithium
battery space very much and see huge growth potential as global electric car
companies such as Tesla gain market share and global governments extend
incentives for electric vehicles."

CONTACT: Kelvin Chak, President & CEO
         Apolo Gold & Energy Inc.
         9th floor, Kam Chung Commercial Bldg,
         19-21 Hennessy Road, Wanchai, Hong Kong.
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