07.03.11 - 20:27 Uhr
 
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DRILL RIG RETURNS TO IRON-T VANADIUM-IRON-TITANIUM DEPOSIT
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Vancouver, BC - March 7, 2011

Apella Resources Inc. (TSX.V: "APA"), (U.S.A. OTCQX: "APAFF"), and (Frankfurt
Symbol: "NWN") is pleased to announce that the company approved the next phase
of diamond drilling to commence in March 2011, on its 146 claim, 3,995.97 ha Iron-T
Vanadium-Iron-Titanium Project situated near Matagami, Quebec.

This latest phase of diamond drilling will include approximately 2,300 metres,
comprised of an expected 23 holes at a length of 100m each. Apella will perform
in-fill drilling in the area it has already outlined and inferred 11.6 million
tonnes of mineralization. In addition a number of step-out holes targeted at the
western extension of the overall geophysical anomalies will be drilled. The 10
drill targets selected by the geophysicist will confirm the potential overall
dimensional size of this world-class magmatic Fe-Ti-V oxide deposit. The Iron-T
is ideally situated in the ore-rich Bell River complex where the close proximity
to rail and power will prove important.

The companys recent 212 km GPS integrated ground magnetic field survey, along
100m centres, identified an array of extensive Vanadium, Iron and Titanium drill
targets reaching to the western extension boundary area of the Iron-T. This new
survey covered about 50% of the total area of the Iron-T Vanadium-Iron-Titanium
Project. The east-central and eastern parts of the Iron-T Project, which were the
subject of Apellas 2009-2010 exploration drilling, had already been surveyed between
2007 and March 2010. To date, the ground magnetic surveys carried out covering
the entire property have shown a direct relationship with the Vanadium, Iron,
and Titanium mineralization, and most importantly, more precise locationing of
the anomalies and more accurate shapes of the anomalies. The identification of
drillable anomalies spanning the NW-SE strike of the project is very compelling.

Early on, Apellas team had identified targetable areas over a strike length of
approximately 15.5 kms. Due to the interpretation of the recent surveying, and
past data, Apella is now confident that the targetable anomalies can now be extended
to cover a strike of more than 22 kms, when including both the earlier identified
15.5 kms of the WNW to SSE strike and the new NNW to SSE derivative anomaly previously
not included.

Apellas CEO Patrick D OBrien, ICD.D comments, "Our teams efforts to date on
the Iron-T have been highly successful. Apellas updated NI 43-101 which includes
the Companys last 15 holes of drilling, trench sampling, metallurgy and the latest
tonnage estimate is currently being completed by SGS-Geostat and anticipated to
be released prior to the completion of this next phase of drilling. We are delighted
with the potential the Iron-T is exhibiting."

Apellas earlier NI-43-101-compliant report and resource calculation of 11.6 million
tonnes was presented to Apella by SGS-Geostat in August 2010. The inferred 11.6
million resource described in that report did not include:

* assay results from 15 additional drill holes
* assay results from 2 extended drill holes
* assay results from 85 channel samples taken from newly discovered zones

This newly updated NI 43-101-compliant technical report, metallurgy and resource
estimate now being completed by SGS-Geostat will include the assay results obtained
from Apellas most recent 15 holes drilled in 2010 and the 2 drill-hole extensions
carried out in 2010 on two holes from the earlier 2009-2010 drill programs. These
new holes, coupled with the drill-hole extensions will add a total of 2,222 m (7,290
feet) of drill results to the new resource calculation be completed. There are also
85 channel samples which were derived in summer 2010 from the 3 newly discovered
outcropping areas identified at the time of Apellas last diamond drilling.

The New Results For The Extensions Of Drill Holes MA-10-11 and MA-10-20 Are As Follows:

MA-10-11 - EXTENDED HOLE RESULTS

FROM (m / ft)

TO (m / ft)

LENGTH (m / ft)

Fe2O3 %

TiO2 %

V2O5 %

V2O5 Eq

150.49 / 493.73

188.44 / 618.24

37.95 / 124.51

27.85

6.69

0.42

0.76

193.32 / 634.25

293.21 / 961.98

99.89 / 327.72

33.07

7.79

0.41

0.82

MA-10-20 - EXTENDED HOLE RESULTS

FROM (m/ft)

TO (m/ft)

LENGTH (m/ft)

Fe2O3 %

TiO2 %

V2O5 %

V2O5 Eq

119.50 / 392.06

231.00 / 757.87

111.5 / 365.81

19.53

3.98

0.33

0.57

including

135.30 / 443.90

156.35 / 512.96

21.05 / 69.06

30.83

6.63

0.54

0.92

and including

208.65 / 684.55

216.91 / 711.65

8.26 / 27.10

29.07

7.18

0.60

0.96

The New Results For The Two Drill Holes MA-10-25 and MA-10-31 ARE AS Follows:

MA-10-25 DRILL HOLE - NEW RESULTS

FROM (m/ft)

TO (m/ft)

LENGTH (m/ft)

Fe2O3 %

TiO2 %

V2O5 %

V2O5 Eq

71.59 / 234.88

74.88 / 245.67

3.29 / 10.79

25.31

4.85

0.44

0.75

including

151.7 / 497.70

180.00 / 590.55

28.3 / 92.85

21.49

4.81

0.39

0.66

including

154.2 / 505.91

169.08 / 554.72

14.88 / 48.82

30.65

7.76

0.61

1.00

MA-10-31 NEW DRILL HOLE - NEW RESULTS

FROM (m/ft)

TO (m/ft)

LENGTH (m/ft)

Fe2O3 %

TiO2 %

V2O5 %

V2O5 Eq

8.52 / 27.95

29.65 /97.28

21.13 / 69.32

29.63

7.62

0.55

0.92

85.94 / 281.96

95.83 / 314.40

9.89 / 32.45

29.55

5.66

0.45

0.81

102.20 / 3335.30

119.53 / 392.16

17.33 / 56.86

19.56

4.19

0.35

0.59

123.28 / 404.46

127.05 / 416.83

3.77 / 12.37

19.52

4.15

0.33

0.57

159.10 / 521.98

162.32 / 532.55

3.22 / 10.56

17.79

4.14

0.33

0.55

The previously released results for the other thirteen drill holes that will now
also be included in the new SGS-Geostat resource calculation are presented below:

HOLE

From

To

Interval

Meterage

Interval

Footage

Fe2O3 %

TiO2 %

V2O5 %

V2O5 Eq

MA-10-26

49.22 m

50.47 m

1.25 m

4.10 feet

31.20 %

5.81 %

0.39 %

0.66

MA-10-26

76.89 m

80.64 m

3.75 m

12.30 feet

26.26 %

3.55 %

0.28 %

0.50

MA-10-27

42.00 m

48.50 m

6.50 m

21.33 feet

41.57 %

7.24 %

0.60 %

0.96

MA-10-27

54.75 m

58.50 m

3.75 m

12.30 feet

28.56 %

4.46 %

0.35 %

0.59

MA-10-27

68.36 m

69.27 m

0.91 m

2.99 feet

26.96 %

3.81 %

0.30 %

0.53

MA-10-27

85.00 m

86.00 m

1.00 m

3.28 feet

29.27 %

4.63 %

0.34 %

0.59

MA-10-27

108.5 m

109.75 m

1.25 m

4.10 feet

26.82 %

3.90 %

0.34 %

0.57

MA-10-27

123.75 m

125.00 m

1.25 m

4.10 feet

28.07 %

4.17 %

0.36 %

0.60

MA-10-28

91.60 m

95.00 m

3.40 m

11.15 feet

34.93 %

5.34 %

0.46 %

0.76

MA-10-28

112.86 m

127.00 m

14.14 m

46.39 feet

31.30 %

4.98 %

0.41 %

0.68

MA-10-28

148.17 m

160.67 m

12.50 m

41.00 feet

25.34 %

3.81 %

0.36 %

0.57

MA-10-29

77.95 m

86.55 m

8.60 m

28.22 feet

25.99 %

3.71%

0.30 %

0.52

MA-10-29

93.80 m

94.80 m

1.00 m

3.28 feet

35.38 %

6.69 %

0.54 %

0.85

MA-10-29

104.46 m

105.71 m

1.25 m

4.10 feet

30.15 %

4.89 %

0.41 %

0.67

MA-10-29

131.71 m

147.14 m

15.43 m

50.62 feet

55.13 %

9.54 %

0.80 %

1.28

MA-10-30

61.25 m

78.05 m

16.80 m

55.12 feet

43.55 %

6.77 %

0.54 %

0.92

MA-10-30

83.62 m

97.40 m

13.78 m

45.21 feet

30.74 %

5.31 %

0.37 %

0.64

MA-10-30

115.65 m

131.61 m

15.96 m

52.36 feet

39.31 %

6.20 %

0.47 %

0.81

including

123.15 m

131.61 m

8.46 m

27.76 feet

43.33 %

6.98 %

0.56 %

0.93

MA-10-30

139.03 m

158.42 m

19.39 m

63.61 feet

41.18 %

6.97 %

0.53 %

0.89

MA-10-30

167.17 m

171.00 m

3.83 m

12.57 feet

24.03 %

3.11 %

0.32 %

0.52

MA-10-32

20.75 m

37.00 m

16.25 m

53.31 feet

36.93 %

5.36 %

0.32 %

0.63

MA-10-32

38.63 m

41.87 m

3.24 m

10.63 feet

46.95 %

6.02 %

0.41 %

0.81

MA-10-32

50.11 m

52.22 m

2.22 m

7.28 feet

44.52 %

5.33 %

0.45 %

0.84

MA-10-32

56.22 m

83.86 m

27.64 m

90.68 feet

37.87 %

6.26 %

0.41 %

0.74

MA-10-33

54.44 m

59.44 m

5.00 m

16.40 feet

46.33 %

5.06 %

0.32 %

0.70

MA-10-33

63.19 m

70.46 m

7.27 m

23.85 feet

37.33 %

5.44 %

0.33 %

0.65

MA-10-33

72.52 m

81.03 m

8.51 m

27.92 feet

46.91 %

7.24 %

0.55 %

0.95

MA-10-33

83.53 m

84.78 m

1.25 m

4.10 feet

26.53 %

3.85 %

0.30 %

0.53

MA-10-33

90.56 m

101.15 m

10.59 m

34.74 feet

30.94 %

4.71 %

0.33 %

0.60

MA-10-33

105.44 m

116.43 m

10.99 m

36.06 feet

28.33 %

4.11 %

0.30 %

0.55

including

90.56 m

116.43 m

25.87 m

84.55 feet

27.91 %

4.06 %

0.30 %

0.54

MA-10-35

54.02 m

56.52 m

2.50 m

8.20 feet

34.18 %

3.62 %

0.37 %

0.66

MA-10-35

60.31 m

66.46 m

6.15 m

20.18 feet

37.36 %

4.65 %

0.52 %

0.83

MA-10-36

37.03 m

41.73 m

4.70 m

15.42 feet

28.83 %

6.17 %

0.41 %

0.67

MA-10-36

75.99 m

111.0 m

35.1 m

115.16 feet

36.76 %

4.80 %

0.38 %

0.69

MA-10-37

60.75 m

61.90 m

1.15 m

3.77 feet

41.69 %

6.72 %

0.43 %

0.79

MA-10-37

69.69 m

70.94 m

2.54 m

8.33 feet

23.93 %

3.78 %

0.29 %

0.49

MA-10-37

77.19 m

99.17 m

21.98 m

72.11 feet

33.92 %

4.49 %

0.34 %

0.63

MA-10-38

7.05 m

8.13 m

1.08 m

3.54 feet

40.15 %

4.95 %

0.27 %

0.82

MA-10-38

29.60 m

30.85 m

0.36 m

1.18 feet

33.13 %

4.25 %

0.20 %

0.64

MA-10-38

62.25 m

63.25 m

1.00 m

3.28 feet

26.62 %

3.69 %

0.30 %

0.53

MA-10-39

69.55 m

72.88 m

3.33 m

10.93 feet

52.22 %

8.14 %

0.94 %

1.39

Additional Trenching Results - To be included in the new resource calculation are
as follows:

85 channel sample results outlined from the 3 new discovery zones will also be taken
into consideration in the new report and resource calculation.

In July 2010, Apella stripped, washed, mapped and channel sampled three freshly
discovered V-Fe-Ti occurrences it had identified on the Iron-T. The three stripped
areas are referred to as T-1, T-2 and T-3 and reviewed below in reverse order. All
of grades obtained as outlined below in Tables A & C from the discovery zones T-1
and T-3 exceed the conservative breakeven criteria of 0.48% V2O5 Eq as outlined
in the recent SGS-Geostat Report. Samples reported below from the T-3 discovery
zone exceeded the breakeven of 0.48% V2O5 Eq by a considerable margin ranging from
62.5% to 133%.

Discovery Zone T-3: corresponds to a mineralized outcrop discovered while carrying
out the last drilling programme. This highly mineralized outcrop is located 25 m
(82 feet) north of Apella drill hole MA-10-15. The showing clearly displays numerous
semi- massive to massive oxide layers (20-40 cm thick), and corresponds to a high
magnetic anomaly Apella refers to as the II Zone. The extensive T-3 stripping is
35 m (115 feet) long by 20 m (65.62 feet) wide. Semi-massive to massive oxide layers
have been observed and sampled. Because of the rounded nature of the outcrops, with
their steep slopes due to the presence of strong fractures, the channel sampling
has been made on short lengths. A total of four channels were sawn covering a total
length of 23.75 m (78 feet). At this location, channel samples are 1.50 m (5 feet)
long. Results obtained are as follows:

TABLE A:

STRIPPING

SAMPLE

LENGTH

METRES

LENGTH

FEET

Fe2O3 %

TiO2 %

V2O5 %

V2O5 Eq %

T-3A

11.75

38.55

41.64 %

7.73 %

0.42 %

0.78 %

T-3B

4.50

14.76

53.51 %

8.85 %

0.65 %

1.12 %

T-3C

3.00

9.00

46.47 %

9.24 %

0.51 %

0.92 %

T-3D

4.50

14.76

51.81 %

10.32 %

0.54 %

1.00 %

Discovery Zone T-2: stripping corresponds to mineralization discovered by prospecting
during the last drilling campaign. At the time, a grab sample was taken in a massive
oxide layer and assayed (see Apellas Press Release of Thursday June 17, 2010).
It returned 46.48% Fe2O3, 8.14% TiO2 and 0.64% V2O5. The T2 stripping is 60 m (196.85
feet) by 15 m (50 feet) wide. A total of 32 channel samples, each 1.25 m (4.10 feet)
long, were taken, covering a length of 40 m (131 feet). Results are as follows:

TABLE B:

STRIPPING CHANNEL

LENGTH

METRES

LENGTH

FEET

Fe2O3 %

TiO2 %

V2O5 %

V2O5 Eq %

T-2A

3.75

12.30

27.07 %

3.80 %

0.20 %

0.43 %

T-2B

36.55

120.0

25.22 %

3.66 %

0.20 %

0.41 %

Even though the initial channel sample results obtained show that the T-2 stripping
crosses a low grade zone with thin massive oxide layers these results justify a
verification of the grade at depth by one or two drill holes.

Discovery Zone T-1: is the widest and most extensively stripped area of the three
discovery zones. The stripping on T-1 identified outcropping over an area about
100 m (328 feet) long by 30 m (98.40 feet) wide. It crosses a strong magnetic anomaly.
Observed mineralization corresponds from disseminated through to narrow massive
oxide layers. Six channels have been sawn and a total of 40 channel samples were
taken for analysis. Each channel sample is 1.25 m long (4.10 feet). Total sampled
length is 60 m (197 feet). Results are as follows:

TABLE C:

STRIPPING

CHANNEL

LENGTH

METRES

LENGTH FEET

Fe2O3 %

TiO2 %

V2O5 %

V2O5 Eq %

T-1A

5.00

16.40

32.48 %

5.43 %

0.30 %

0.59 %

T-1B

2.50

8.20

28.21 %

4.53 %

0.24 %

0.49 %

T-1C

11.50

37.73

33.36 %

5.08 %

0.34 %

0.63 %

T-1D

20.00

65.52

31.73 %

5.28 %

0.26 %

0.53 %

T-1E

7.50

24.61

29.85 %

4.67 %

0.24 %

0.50 %

T-1F

3.75

12.30

30.70 %

5.07 %

0.26 %

0.52 %

The Iron-T Vanadium-Titanium-Iron Project is ideally located in the Matagami area
in the west-central part of the Province of Quebec, Canada, approximately 780 km
north of Montreal. Matagami, situated in the administrative region of Northern
Quebec, is the major town in the area and can provides housing, servicing, supplies,
consumable and transport facilities including railway access for an efficient mining
operation. The property is accessible via Matagami located approximately 780 km
of Montreal, 250 km from Val dOr and 185 km from Amos along regional highways.
Matagami is accessible via Regional Highway 109 which links Amos to the Bay James
Highway. The central part of the Iron-T Vanadium-Titanium-Iron property is located
10 km ESE of the town of Matagami. Access to the property itself is via all-weather
gravel road N805 which links Lebel-sur-Quévillon to Matagami.

This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting
Geologist and Qualified Person for the Iron-T project under National Instrument
43-101.

Additional information is contained on the Companys website at
[

ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.

"Patrick D. OBrien"

Patrick D. OBrien, ICD.D - Director

SEC Exemption 12(g) 3-2(b) File no. 82-3822, Standard & Poors Listed, Dun & Bradstreet
Listed

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
APELLA RESOURCES INC. will be at the TORONTO PDAC MINING CONFERENCE Until March
9, 2011
at Booth # 3115 and will be presenting in the Rare Earth Room at the PDAC at 11:15AM
on March 9, 2011
This will be a great opportunity to talk with our Leading Geologist, Dr. Christian
Derosier, PGeo
and
W. Adrian Bakker
VP of Corporate Communications
Apella Resources Inc.
==================================================
Contact W. Adrian Bakker
Direct Phone: 604.641.4474
Toll Free: 1.800.663.8990 or
Email: [mailto:]
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