Apella Resources Inc.

Apella Resources Inc.

April 29, 2010 15:28 ET

Apella Resources Inc.: Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 29, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to provide its shareholders with the following corporate update on activities of the company.

Shareholder's Rights Plan Approval – Apella has now received acceptance of its Shareholder's Rights Plan from the TSX Venture Exchange and the plan is now officially in place.

Stock Option Plan Approval – Apella's Stock Option Plan as submitted and ratified at the Company's recent Annual General and Special Meeting by the shareholders has now been accepted by the TSX Venture Exchange.

Iron-T Project NI 43-101 Report and Resource Calculations – Upon review of the results to date Dr. Christian Derosier, P.Geo, Consulting Geologist, and Qualified Person for the Iron-T Vanadium-Iron-Titanium Project has advised management that rather than submit a calculation for an Inferred Resource as first intended, he now intends to engage a well respected independent mining engineering firm to prepare a preliminary Indicated and Measured Resource Calculation based on the drilling results to date. As well, the firm engaged for the resource calculations would also be commissioned to prepare the new NI 43-101 Report for the Iron-T Project. Dr. Derosier's proposal is welcomed by management and has received management's full endorsement. This will certainly move the project to a new level. The independence of such a report will elevate the quality and credibility of the Iron-T data-set as well as the overall significance of the project itself.

Lac Dore Project – The Company, the Attorney General for the Province of Quebec and the Courts of Quebec have agreed upon specific court dates to be set aside to hear Apella's Appeal of the Lac Dore decision handed down by the Ministere des Ressources naturelles et de la Faune du Quebec (herein referred to as the "Quebec Ministry") wherein Apella was awarded 9 of the 21 Lac Dore claims staked by it, but refused on 9 others. The arguments will be heard November 29th and 30th and December 1st and 2nd of 2010. Apella is of the opinion that not only did it stake the 9 claims it has been awarded in the Quebec Ministry's decision appropriately, but it also staked the additional 9 claims it wants awarded to it in accordance with the long established spirit as set out under section 17 of the Quebec Mining Act. Apella commented on the filing of its appeal in its April 8th, 2010 Corporate Update news release.

Since the Company's news release of April 8, 2010, Rejean Picard, the original competing staker for the Lac Dore claims and SOQUEM Inc. ("SOQUEM"), a wholly owned subsidiary of la Société générale de financement du Québec, a Crown Corporation of the Province of Quebec, on whose behalf the claims were being staked, have filed a Declaration of Intervention in the Quebec Court asking that they be joined as a party in the appeal of the decision of the Quebec Ministry. Apella believes that the Declaration by Picard and SOQUEM is without merit and will oppose any involvement of Picard and SOQUEM in the appeal.

The Company will continue to focus its Vanadium-Iron-Titanium exploration at this in pursuit of developing the Iron-T Project to the Bankable Feasibility stage.


Patrick D. O'Brien – Chairman

S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.

Apella invites the public to visit its website at http://www.Apellaresources.com or e-mail us at apella@apellaresources.com to be added to the Company's e-mail list for press releases and updates.

"Neither the 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."

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