Capella Resources Ltd.

Capella Resources Ltd.

May 19, 2009 09:00 ET

Capella Updates on Nevada Drill Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 19, 2009) - CAPELLA RESOURCES LTD. (TSX VENTURE:KPS)(PINK SHEETS:CPSJF) ("Capella" or the "Company") is pleased to report further to the Company's news release of April 23, 2009, that drilling at its Nevada gold-copper project in northern Chile is progressing well with three holes completed to date. Weather conditions continue to remain favourable. The Company has started the fourth and final drill hole of the season on the project which is expected to be completed in approximately one week.

The first drill hole, NV09001, was completed to a depth of 256 meters with the second hole (NV09002) reaching a depth of 305 meters. Drill hole NV09003 penetrated to a depth of 134 meters when in hole conditions degraded and caused the hole to be prematurely shut down.

The drill program is testing a combination of magnetic and induced polarization (IP) geophysical anomalies coincident with intensely altered outcrops. Analytical results for the program are expected by late June.

Major Drilling Chile S.A. of Santiago, Chile is the chief contractor on the project. Drilling in northern Chile can typically be conducted until mid-May, before winter weather sets in and drilling is suspended for the season. The drill program at the Company's Nevada gold-copper project is expected to recommence in October, 2009 (springtime in Chile).

The Company holds a 100% interest in the Nevada gold-copper project subject to a 5% net smelter return royalty. The project consists of seven exploration and exploitation claims comprising approximately 1,900 hectares. Access to the Nevada gold-copper property is by all-weather gravel and paved roads from Copiapo, approximately 160 kilometres to the west. The Nevada gold-copper project drill area lies approximately 10 kilometres south of Kinross's Maricunga gold mine (formerly the Refugio gold mine) and six kilometres north of Exeter's Caspiche gold-copper project.

Three, relatively short, drill holes were completed in the early 1990's by Minera Mount Isa Chile S.A. on the Nevada gold-copper property yielding sporadic gold mineralization. Additional information regarding the historic and current data can be found on SEDAR ( or on the Company's website at

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 over 24,750 mineral exploration claims covering an aggregate land area of over 1.04 million acres (422,800 hectares) in Atlantic Canada (Nova Scotia, New Brunswick and Newfoundland and Labrador).


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

FORWARD LOOKING STATEMENTS: This news 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.

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