Apella Resources Inc.

Apella Resources Inc.

November 10, 2010 11:37 ET

Apella Resources Inc.: 250 km Iron-T Mag Survey Complete and Topo Mapping Underway

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is pleased to announce that Abitibi Geophysics Inc. from Val d'Or, Quebec has completed the contracted 250 line km Magnetic-GPS survey on Apella's Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec.

Patrick D. O'Brien, ICD.D, Apella's CEO, stated, "This survey is expected to increase the number of drill-ready targets significantly."

The magnetic survey comprised approximately 250 km of transversal lines, base lines and tie lines over the entire western part of the property from Shallow Lake to the Bell River. This represents about 50% of the total area of the Iron-T Project. The central part of the Iron-T which was the subject of the 2009-2010 exploration drilling campaigns, as well as the eastern part, have been surveyed by Apella over the years from 2007 (17 original claims) to March 2010.

Now that this survey is complete the entire Iron-T project consisting of 146 claims totaling 3,995.57 hectares has been covered by ground magnetic survey.

Results of the new magnetic survey will be available to Apella around the beginning of December 2010 and are expected to provide an abundance of drill targets which collectively, once drilled, should confirm the size of this World-Class magmatic V-Fe-Ti oxide deposit(s) covering the Iron-T.

In the past, the Iron-T area was covered by a regional airborne magnetic and electromagnetic INPUT MK VI survey which was conducted in 1977. Regional magnetic data over the Iron-T project from that airborne survey was acquired at a nominal lines spacing of 200 metres and a nominal mean terrain clearance of 125 metres. In addition, the western half of the Iron-T Vanadium-Titanium-Iron property, now being ground surveyed by Apella was covered by a regional airborne gradiometric survey carried out in 1984. Magnetic data in that survey was acquired at a nominal lines spacing of 300 metres and a nominal mean terrain clearance of 150 metres. The two airborne magnetic surveys outlined a broad magnetic anomaly up to 4 000 nT above the background level which is continuous over some 25 km in a WNW direction.

To date, the ground magnetic surveys undertaken by Apella have shown a direct relationship with the Vanadium, Iron and Titanium mineralization discovered. They have also provided more precise locationing of the anomalies and more accurate shapes of the targets.

This latest ground magnetic was carried over lines at 100 spacings with readings every 2 seconds. The diurnal corrections are made with a synchronized Mag base station. Observation of the Total Magnetic Field (TMF) was recorded and will be treated with Geosoft software. The Vertical Gradient will be calculated from the TMF.

The survey was also planned to confirm the lengths and widths of a number of specific airborne anomalies. It covered a 3 km long NW oriented magnetic axis which starts near the southwest shore of Shallow Lake and which seems to joins the main magnetic axis. This magnetic "South Branch" is about 3 km long and has never been drill tested.

In other news, Apella has received from Viasat Geo Technologies Inc. all data permitting it to address a topographic map of the whole Iron T mining property. The data includes geo-referenced rivers, roads and lakes; as well as level curves at 1 m interval. The base of this topographic map is a mosaic of satellite images from Worldview-2 at 50 cm resolution. The base topographic map was released in jpeg format at a scale of 1: 25 000. The cartographic reference system used for local mapping and drawing is Universal Transverse Mercator projection for Canada (NAD 83), Zone 18.

This work will provide the exploration team with the tools necessary to prepare the longitudinal and transversal geological sections with an accuracy of 0.35 m in all directions. Those sections will be used for 3D modelling and for the ongoing resource calculations; as well as provide qualification with a better accuracy.

In addition, this topographic information will later be used by the mining engineers for future open-pit design and planning, the localisation to the concentrator and waste piles and all infrastructures necessary for a mining operation (power line, telecommunications, water supply, drainage, etc...).

The present satellite image taken in August 2010 clearly shows all drill sites and strippings made since 1998. The grid of cut lines made in 2009 is also well visible.

The Iron-T Vanadium-Titanium-Iron property is located in the Matagami area in the west-central part of the Province of Quebec, Canada, approximately 780 km north of Montreal. Matagami, situated in the administrative region of Northern Quebec, is the major town in the area and can provide housing, servicing, supplies, consumable and transport facilities including railway access for an efficient mining operation. The property is accessible via Matagami located approximately 780 km of Montreal, 250 km from Val d'Or and 185 km from Amos along regional highways. Matagami is accessible via Regional Highway 109 which links Amos to the Bay James Highway. The central part of the Iron-T Vanadium-Titanium-Iron property is located 10 km ESE of the town of Matagami. Access to the property itself is via all-weather gravel road N805 which links Lebel-sur-Quevillon to Matagami.

This press release has been reviewed by Dr. Christian Derosier, P. Geo., Consulting Geologist and Qualified Person for the Iron-T project under National Instrument 43-101.

Additional information is contained on the Company's website at www.apellaresources.com.


Patrick D. O'Brien, ICD.D – Director

SEC Exemption 12(g)3-2(b) File no. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed

Neither 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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