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

Capella Resources Ltd.

June 18, 2010 14:56 ET

Capella Cancels Options to Purchase Up to 2,230,000 Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 18, 2010) - CAPELLA RESOURCES LTD. (TSX VENTURE:KPS)(PINK SHEETS:CPSJF) ("Capella" or the "Company") announced a grant of options to purchase up to 2,280,000 common shares in the capital of the Company (the "Shares") in the Company's news release dated February 8, 2010. The Company subsequently filed a notice with the TSX Venture Exchange for a grant of options to certain directors, officers, consultants and employees of the Company pursuant to an approved share option plan for the purchase of up to 2,230,000 Shares at an exercise price of at $0.45 per Share exercisable on or before February 8, 2015. The directors of the Company have determined that it is in the best interests of the Company to cancel this grant of options for the purchase of up to 2,230,000 Shares.

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 3,839 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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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