🕐18.04.12 - 17:27 Uhr

APELLA RESOURCES INC. NEWS - LAC DORE UPDATE



~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Lac Dore Update ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Vancouver, BC - April 18th, 2012 Apella Resources Inc.

which trades on (TSX.V: "APA"), (U.S.A.

OTCQX: "APAFF"), and (Frankfurt Symbol: "NWN") and its subsidiary Prestige Mining Corporation are pleased to announce that the exploration work initiated on its Lac Dor� Iron-Titanium and Vanadium property is progressing according to the schedule. Les Consultants Aurus Inc.

was retained to survey the historic grid.

The delineation of the old stripping and the establishment of three permanent benchmarks have proceeded on plan.

Prior to the commencement of this work, the access roads were cleared of snow to ease access.

The Apella geological and prospecting team assisted the surveyor in the field and searched for the historic diamond drill hole locations.

Each historic drill-hole identified, has now been accurately recorded with a GPS and the coordinates will be used to update the Companys Lac Dor� database.

Several of the historic drill-hole casings have been found in place; some of them were partially destroyed during a 1989 timber cutting operation. The two casings left by SNC Lavalin Inc.

during the course of their feasibility study for McKenzie Bay Resources Ltd.

in 2001 have been located intact.

They correspond to holes 2001-05 and 06.

Those particular two holes were drilled along the NE extension of main deposit. It has been reported that historic drill-hole 2001-05 returned two mineralized intersections which are as follows: 1) 1.13% V2O5, 9.54% TiO2 and 25.11% oxides over 6.70 m; 2)1.21% V2O5, 9.81% TiO2 and 35.93% oxides over 29.35 m. Note: V2O5 and TiO2, at the time of the drilling, were assayed on a concentrate obtained from a Davis Tube concentrator. Historic drill-hole 2001-06 returned several mineralized zones which have been grouped in a composite intersection.

Results were as follows: 1.26% V2O5, 7.52% TiO2 and 24.34% oxides over 148m. The above information is provided for reference purposes only.

The historic results do not conform to the requirements of National Instrument 43-101 and should be relied upon for any other purposes.

The Company cautions that a qualified person has not done sufficient work on the Lac Dore Deposit to confirm the above noted assays, or to classify any historical estimates and therefore historical pre NI 43-101 information should not be relied upon on as an indicator of actual resource or reserve estimates, and should not be construed only as conceptual in nature. To date, drill sites of historic drill-holes S-21, S-22, S-23, S-24, S-31 and S-33 have been found and precisely located.

Casings of holes S-25 and S-32 have been found and rehabilitated.

These holes were all bored in 1979 by SOQUEM.

The 1979 diamond drill records do not mention if the casings were left or removed.

There was still some snow in the field which had masked the location of the historic drill-hole collars.

In addition, the stripping made in 1997 by McKenzie Bay had made several drill holes difficult to identify. This press release has been reviewed by Dr.

Christian Derosier, P.

Geo., Consulting Geologist and Qualified Person for the Lac Dore Project under National Instrument NI 43-101. Additional information, as it is available, will be contained on the Companys website at www.apellaresources.com or the company can be contacted at 604-683-8990. ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC. "Patrick D.

OBrien" Patrick D.

OBrien, ICD.D - Chairman 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. >From Apella Resources: The Lac Dore Deposit * Advanced stage Vanadium deposit historically known as one of the largest (viable) Vanadium deposits in the world. * This enormous deposit was owned by the government of Quebec, Canada as a crown asset for over 40 years. * The Lac Dore deposit is established as a world-class polymetallic (iron, vanadium & titanium) mining project. * Apella is onsite preparing the drill targets and roads for an aggressive drill program with the objective of confirming the positive results of the SNC Lavalin Feasibility study completed in 2003.(Pre NI 43-101 * Apella also plans to further delineate new zones of significant mineralization previously untested with expansion drilling set to commence immediately after the first phase of drilling. * As well as iron ore (titanomagnetite concentrate) and ferrovanadium, Apella is targeting to be the worlds most significant new source of Vanadium and one of the worlds top feedstock titanium producers. Apella 3D Drill Tour Apella 3D Drill Tour Click here for the resource calculator Gray For more information contact: W.

Adrian Bakker Vice President of Corporate Communications Apella Resources Inc.

APA-TSX-V 1600-543 Granville St. Vancouver, BC, Canada V6C 1X8 Ph.604.683.8990 Direct.604.641.4474 Toll Free:1-800-663-8990 View our videos on YouTube Like us on Facebook Follow us on Twitter ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The Mining town of Chibougamau and the Lac Dore Vanadium Deposit Subscribe to Apellas Video Channel Apella Interview with W.

Adrian Bakker at PDAC 2012 Apella Interview with W.

Adrian Bakker at PDAC 2012 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ QUICK LINKS Our Website Stock Price Vanadium Price Vanadium Information More About Us Find us on Facebook Follow us on Twitter ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Join Our Mailing List ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ � Apella Resources Inc. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Forward email http://ui.constantcontact.com/sa/fwtf.jsp?llr=qn7hnpcab&m=1102176317872&ea=&a=1109794461660
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