LAC DORE

Apella Resources Inc. reported the acquisition of a strategic new Canadian Vanadium-Iron-Titanium discovery situated near Timmins, Ontario, Canada.

Apella Resources announced drill results from the Lac Dore North project in northern Quebec. A total of ten NQ core size diamond drill holes totaling 993m in length were collared as an initial diamond drilling program on the Lake Dore North project. The best assay results were obtained over the area Apella had earlier stripped and these more favourable holes returned values between 0.46% V2O5 to 0.64% V2O5 over lengths varying from 0.71m to 5.28m along core length in hole LDN-09-01; 0.46% V2O5 over 0.79m in hole LDN-09-04; 0.47% V2O5 over 4.25m and 0.45% V2O5 over 0.50m in hole LDN-09-06.

Apella Resources announced the results of its recent channel sampling program completed on the 100% owned Lac Dore North Vanadium-Titanium-Iron project, near Chibougamau, Quebec, Canada. The Lac Dore North covers the northeast extension, over a strike length of more than 3.7 kilometers (2 miles), of the adjoining Lac Dore Vanadium-Titanium-Iron Deposit, the second largest Vanadium deposit in the world. A total of 43 channel samples are reported. In these current assays Vanadium (V) values ranged from 0.04% to 0.59% V, which after conversion to Vanadium Pentoxide (V2O5), returned values from 0.07% to 1.05% V2O5. The average grade of Vanadium Pentoxide over the 43 samples is 0.51% (V2O5). Titanium Oxide (Ti02) values range from 0.76% to 11.80% (Ti02); the average grade of Titanium over the 43 samples is 6.06% (Ti02). Iron (Fe) values range from 9.93% to 70.8% Fe; the average grade of Iron (Fe) over the 43 samples is 38.14% Fe.