Apella Resources Inc.

Apella Resources Inc.

May 22, 2009 18:42 ET

Cascadia Accepts Apella's Conditions Which End Ongoing Raglan Arbitration Actions

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 22, 2009) - Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to announce that Cascadia Resources Inc. (formerly Cascadia International Resources Inc.) has accepted the conditions under which Cascadia has agreed to discontinue its Appeals regarding the Raglan Arbitration Awards made in favour of Apella Resources Inc. (formerly Novawest Resources Inc.). Apella proposed to Cascadia that of the funds awarded in 2006 to Apella by the Arbitrator, and subsequently paid into court by Cascadia, Apella would set aside $150,000 plus interest in favour of Cascadia. In lieu, Apella retains the rights and legal ownership to all Raglan assets and equipment in Apella's possession. Apella will also discontinue any courses of action it was taking to block Cascadia's Appeals. Since the conclusion of this Agreement between the two parties, Apella has now cleared all of the principal funds paid into the court by Cascadia plus accrued interest of $29,548.64. Apella has dispersed the funds accordingly; with Apella itself banking proceeds of $286,100.69.

It is important to note that as a result of this Agreement, all of the Arbitrator's Awards in favour of Apella (previously announced), including a $10 award to Cascadia, shall stand and remain as awarded. This now concludes all matters associated with the Raglan Arbitration that Apella has, since 2005, successfully initiated and litigated against Cascadia Resources Inc.

Apella Resources Inc. is pleased that this matter is now history and that the Company can now get on with the primary business of developing its significant mineral interests in the Canadian provinces of Quebec and Ontario.

Further to the news releases disseminated by Apella resources Inc. May 22, 2009 Apella is pleased to advise that the Company has now further legal matters outstanding.

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.


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 constitute 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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