Capella Resources Ltd.
TSX VENTURE : KPS
PINK SHEETS : CPSJF

Capella Resources Ltd.

October 13, 2009 14:04 ET

Capella Announces Drilling Update at Lajitas

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 13, 2009) - CAPELLA RESOURCES LTD. (TSX VENTURE:KPS)(PINK SHEETS:CPSJF) ("Capella" or the "Company") is pleased to announce plans to recommence drilling activities at its 100% owned Lajitas Gold Project in northern Chile where the Company on April 1, 2009 reported it drilled a zone of continuous gold mineralization of 104.7 meters grading 1.59 g/t gold contained within a larger zone of 261 meters grading 0.91 grams per tonne (g/t) gold (see April 1, 2009 news release).

Capella is planning a 7,000 to 10,000 meter drill program for its Chilean properties during the 2009-2010 exploration season. A drill rig has been secured with program startup on Lajitas scheduled for early November 2009, subject to the receipt of adequate funding from the Company's recently announced brokered financing (see October 5, 2009 news release).

Drilling will target new gold zones discovered during the 2008-2009 season and reported by the Company on September 17, 2009. Four new gold zones were discovered with surface sampling of road cuts, the best of which lies 400 metres east of the original Santa Fe gold zone (original 1997 Lajitas discovery) and represents a significant gold anomaly 350 meters in length (north to south) defined by gold values ranging from 0.1 to 0.35 g/t Au. Additionally, the newly discovered Eastern Gold Zone lies on the eastern edge of 1.2 kilometre diameter, circular magnetic high that also contains the Santa Fe Gold Zone. The original Minera Santa Fe discovery drilling in 1997 was based on outcrop samples with gold values ranging from 0.2 to 0.6 g/t Au.

The other newly identified gold zones lie between 800 to 1200 metres southeast of the Santa Fe Gold Zone within another circular magnetic feature and are define by gold values ranging from 0.1 to 0.3 g/t Au. These zones are defined by less extensive outcrop exposures due to the direction in which the road was constructed. Typically, roads are designed to access proposed drill sites and to a lesser extent to prospect for new mineralization. These roads will be extended to more fully define the new gold mineralization during the 2009-2010 field season.

Brian Cole, P. Geo., has reviewed the technical disclosure contained in this news release and is a Qualified Person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The reader is directed to the Company's website www.capellaresources.com where a presentation on the Lajitas Project provides additional information regarding this release.

About Capella Resources Ltd.

Capella Resources Ltd. is a publicly traded, junior exploration and mineral development company with a strong portfolio of precious and base metal projects in Chile, USA and Atlantic Canada. The Company has a 100% interest in the Lajitas and Nevada gold-copper properties located in the Maricunga Gold and Copper District and approximately 700 kilometres northwest of Santiago, Chile. The properties comprise ten exploration claims and six exploitation claims totalling a cumulative 3,500 hectares in area. The Company holds a 100% interest in the Tinton Gold Project located 15 kilometres west-northwest of the famous and historic Homestake Mine in the Black Hills at Lead, South Dakota. The Tinton property consists of 1,270 hectares contained in 157 unpatented mining claims.

The Company also holds 3839 mineral exploration claims covering an aggregate land area of over 71,558 hectares in Atlantic Canada (Nova Scotia, New Brunswick and Newfoundland and Labrador).

CAPELLA RESOURCES LTD.

Richard Bachman, Chief Executive Officer, President & Chief Geological Officer

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results of exploration activities and development of mineral properties, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing, currency fluctuations, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.

Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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.

Contact Information