Apella Resources Inc.
TSX VENTURE : APA
FRANKFURT : NWN

Apella Resources Inc.

January 22, 2010 11:14 ET

Apella Resources Inc.: Drilling Commencing Iron-T Vanadium-Iron-Titanium Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 22, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN), and its Board of Directors are pleased to report that further drilling on the Iron-T project is set to commence the week of January 25th. The positive findings from the previous round of drilling, results of which were released December 15th, 2009, have now been thoroughly interpreted and this data has provided a basis for continued drilling. This new Phase 2 of drilling will begin with 1,000 metres of diamond drilling, as did the first phase. Apella is prepared to increase the meterage of drilling significantly in Phase 2, as it did in Phase 1, should the results in this second phase reflect the positive results of Phase 1.

Patrick D. O'Brien, ICD.D, Chairman states that; "Since our initial expectations were exceeded in the first phase of drilling, our anticipation and confidence in the Iron-T project continues to heighten. Those earlier mineralized drill intersects were suggestive of a significantly enriched Vanadium-Iron-Titanium system. We look forward to this next phase of diamond drilling at Iron-T with great anticipation."

In addition to the diamond drilling, further line cutting and ground geophysics will also be carried out to extend the zones for additional phases of drilling along the 10.2 km strike of the Iron-T project.

Highlights of the semi-massive to massive drill intersections from Phase 1 as released in Apella's December 15th, 2009 news release are outlined below for ease of reference:

  • MA-09-13 – 49.39 metres (162.04 feet) 42.93% Fe2O3, 7.54% TiO2, and 0.39% V2O5; including 5.00 metres (16.40 feet) 62.74% Fe2O3, 12.85% TiO2, and 0.52% V2O5, and 6.19 metres (20.31 feet) 54.81% Fe2O3, 10.69% TiO2, and 0.51% V2O5
  • MA-09-12 – 46.00 metres (150.92 feet) 34.35% Fe2O3, 4.31% TiO2, and 0.25% V2O5; including 30.75 metres (100.89 feet) 39.13% Fe2O3, 4.86% TiO2, and 0.26% V2O5, which includes 6.50 metres (21.33 feet) 49.16% Fe2O3, 6.63% TiO2, and 0.40% V2O5
  • MA-09-11 – 34.08 metres (111.81 feet) 35.33% Fe2O3, 5.69% TiO2, and 0.38% V2O5; including 28.10 metres (92.19 feet) 36.81% Fe2O3, 6.13% TiO2, and 0.41% V2O5
  • MA-09-11 – 36.48 metres (119.69 feet) 32.99% Fe2O3, 4.96% TiO2, and 0.33% V2O5; including 14.82 metres (48.62 feet) 39.94% Fe2O3, 6.15% TiO2, and 0.41% V2O5, and 7.6 metres (24.93 feet) 41.52% Fe2O3, 6.61% TiO2, and 0.41% V2O5 
  • MA-09-10 – 59.74 metres (196.00 feet) 40.41% Fe2O3, 6.51% TiO2, and 0.41% V2O5; including 15.89 metres (52.13 feet) 59.33% Fe2O3, 10.68% TiO2, and 0.66% V2O5
  • MA-09-10 – 41.00 metres (134.51 feet) 27.67% Fe2O3, 4.13% TiO2, and 0.29% V2O5; including 9.50 metres (31.17 feet) 36.45% Fe2O3, 5.61% TiO2, and 0.40% V2O5
  • MA-09-09 – 33.67 metres (110.47 feet) 35.55% Fe2O3, 5.48% TiO2, and 0.31% V2O5; including 9.13 metres (29.95 feet) 39.32% Fe2O3, 6.91% TiO2, and 0.41% V2O5, and 20.12 metres (66.01 feet) 39.18% Fe2O3, 5.82% TiO2, and 0.31% V2O5
  • MA-09-08 – 90.93 metres (298.33 feet) 42.70% Fe2O3, 7.24% TiO2, and 0.38% V2O5; including 32.03 metres (105.09 feet) 40.28% Fe2O3, 6.96% TiO2, and 0.40% V2O5; and 52.53 metres (172.34 feet) 47.70% Fe2O3, 8.10% TiO2, and 0.40% and V2O5
  • MA-09-07 – 93.66 metres (307.28 feet) 43.87% Fe2O3, 7.90% TiO2, and 0.41% V2O5; including 76.61 metres (251.35 feet) 49.72% Fe2O3, 9.13% TiO2,and 0.44% V2O5, which includes 51.66 metres (169.49 feet) 53.25% Fe2O3, 10.26% TiO2, and 0.51% V2O5 and which includes 38.66 metres (126.84 feet) 58.59% Fe2O3, 11.74% TiO2, 0.56% V2O5
  • MA-09-07 – 32.47 metres (106.53 feet) 24.50% Fe2O3, 3.74% TiO2, and 0.25% V2O5; including 14.82 metres (48.62 feet) 37.68% Fe2O3, 6.31% TiO2, and 0.41% V2O5
  • MA-09-06 – 13.00 metres (42.65 feet) 24.05% Fe2O3, 3.66% TiO2, and 0.24% V2O5
  • MA-09-06 – 25.35 metres (83.17 feet) 22.07% Fe2O3, 3.02% TiO2, and 0.21% V2O5
  • MA-09-05 – 12.15 metres (39.86 feet) 26.35% Fe2O3, 3.67% TiO2, and 0.25% V2O5; including 3.60 metres (11.81 feet) 41.34% Fe2O3, 6.24% TiO2, and 0.45% V2O5
  • MA-09-05 – 20.92 metres (68.64 feet) 42.48% Fe2O3, 7.70% TiO2, and 0.44% V2O5; including 5.09 metres (16.70 feet) 57.80% Fe2O3, 11.19% TiO2, and 0.63% V2O5 , and 8.28 metres (27.17 feet) 52.26% Fe2O3, 9.83% TiO2, and 0.54% V2O5
  • MA-09-05 – 20.10 metres (65.94 feet) 29.13% Fe2O3, 4.38% TiO2, and 0.33% V2O5; including 6.30 metres (20.67 feet) 35.83% Fe2O3, 5.82% TiO2, and 0.43% V2O5
  • MA-09-04 – 32.84 metres (107.74 feet) 32.53% Fe2O3, 5.01% TiO2, and 0.31% V2O5; including 10.5 metres (34.45 feet) 47.75% Fe2O3, 6.76% TiO2, and 0.44% V2O; and 4.69 metres (15.39 feet) 62.21% Fe2O3, 12.60% TiO2, and 0.74% V2O5
  • MA-09-04 – 30.0 metres (98.43 feet) 54.46% Fe2O3, 11.04% TiO2, and 0.59% V2O5; including 26.0 metres (85.30 feet) 59.68% Fe2O3, 12.33% TiO2, and 0.65% V2O5
  • MA-09-01 – 35.70 metres (117.3 feet) 26.29% Fe2O3, 3.33% TiO2, and 0.32% V2O5; including 8.07 metres (26.48 feet) 42.87% Fe2O3, 5.57% TiO2, and 0.54% V2O5, and also including 3.28 metres (10.76 feet) 45.50% Fe2O3, 7.58% TiO2, and 0.73% V2O5

Please refer to Apella's website at www.apellaresources.com to see the more detailed chart outlining all significant intersects and grades for the previous 13 holes of drilling from Phase 1, as prepared by Mr. Roger Moar, P.Geo, Consulting Geologist. The data is detailed for reference purposes and includes some 418 of the individual assays and a full chart of the true width drill intersects, hole by hole. Of the 418 individual assays selected to be displayed on the website there are Fe2O3 assays ranging up to 75.95% Fe2O3, 37% of which grade higher than 50% Fe2O3 and 67% grade above 40% Fe2O3. The TiO2 assays to be included ranged as high as 16.80% TiO2 with 22% of the assays above 10% TiO2 and 85% of the samples grading in excess of 5% TiO2. The V2O5 assays to be displayed range up to 1.34% V2O5, of which 35% assayed 0.50% V2O5 or higher and 87% of these samples assayed at 0.30% V2O5 or above. There will also be a series of photos of the core and the site for viewing.

The Bell River Complex which hosts the Iron-T may be compared to the Lac Dore layered igneous complex (in part owned by Apella) in the Chibougamau district of Quebec, some 250 kms east, and to the Bushveld layered complex of South Africa, the world's most significant source of Vanadium. At the Iron-T the Vanadium rich horizons are well defined on the ground and aeromagnetic surveys by their highly magnetic susceptibilities.

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.

ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC. "Patrick D. O'Brien"  Patrick D. O'Brien – Chairman

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

This news release shall not constituite an offer to sell or the solicitation of an offer to buy securities in any jurisdiction. "safe harbor" statement under the Private Securities Litigation Reform Act of 1995: this news release contains forward looking statements that are not historical facts and are subject to risks and uncertainties which could cause actual results to differ materially from those set forth in or implied herein.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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