Item
4.01
Changes in Registrant’s Certifying Accountant
(a)
Previous independent accountants
1.
Effective January 21, 2014, the Board of Directors of Apolo Gold & Energy Inc., (the “Company”) accepted the resignation
of the Company’s auditor, I. Vellmer Inc. Chartered Accountant.
a.
The Company engaged I. Vellmer Inc. Chartered Accountant (”Vellmer”) on September 22, 2008. During the period September
22, 2008 to January 21, 2014, there were no disagreements with Vellmer on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which, if not resolved to Vellmer’s satisfaction, would have caused
the auditor to make reference to the subject matter of the disagreement in connection with his report.
b.
During the period from September 22, 2008 to January 21, 2014, there have been no reportable events (as defined in
Regulation S-K Item 304(a)(1)(v)).
c.
During the period from September 22, 2008 to January 21, 2014, Vellmer did not advise the Company that the internal controls necessary
for the Company to develop reliable financial statements did not exist.
d.
During the period from September 22, 2008 to January 21, 2014, Vellmer did not advise the Company that any information had come
to their attention which had led them to no longer be able to rely on management's representation, or that had made Vellmer unwilling
to be associated with the financial statements prepared by management.
e.
The reports by I. Vellmer Inc. on the Company’s financial statements that were issued during the period from September 22,
2008 to January 21, 2014 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to
uncertainty, audit scope, or accounting principles, except that I. Vellmer Inc.’s reports on the Company’s financial
statements issued during the period from September 22, 2008 to January 21, 2014 contained an explanatory paragraph, which noted
that there was substantial doubt about the Company’s ability to continue as a going concern.
f.
During the period from September 22, 2008 to January 21, 2014, Vellmer did not advise the Company that the scope of any audit
needed to be expanded significantly or that more investigation was necessary.
g.
During the period from September 22, 2008 to January 21, 2014. Vellmer did not advise the Company that there was any information
which the accountant concluded would materially impact the fairness and reliability of either (i) a previously issued audit report
or the underlying financial statements, or (ii) the financial statements issued or to be issued covering the fiscal period(s)
subsequent to the date of the most recent financial statements covered by an audit report (including information that, unless
resolved to the accountant's satisfaction, would prevent it from rendering an unqualified audit report on those financial statements.
h.
The Company provided I. Vellmer with a copy of this disclosure set forth under this Item 4.01 and requested I. Vellmer to furnish
a letter addressed to the Securities & Exchange Commission stating whether or not it agrees with the above statements.
(b)
New independent accountants
Effective
January 21, 2014 the Company engaged Weld Asia Associates, Chartered Accountants as its new independent accountants. Prior to
January 21, 2014: (i) no consultations occurred between the Company and Weld Asia during the period commencing January
21, 2014, regarding either (i) the application of accounting principles to a specific completed or contemplated transaction, the
type of audit opinion that might be rendered regarding the Company’s financial statements, or other information provided
that was an important factor considered by the Company in reaching a decision as to an accounting, auditing, or financial reporting
issue, or (ii) any matter that was either the subject of disagreement as defined in Item 304(a) (1)(iv) of Regulation S-K and
the related instructions or a reportable event requiring disclosure pursuant to Item 304(a)(1)(iv) of Regulation S-K.