APA

Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is pleased
to announce that it has now commenced Phase 4 of diamond drilling on the Iron-T
Vanadium-Iron-Titanium Project in Quebec, Canada. The program is a 2,300 metre
(7,545 feet), 23-hole initial portion of Apella's planned overall 20,000 metre
(65.616 feet) Phase 4 program, the balance of which will follow after review of
the current results. This program follows the 39 holes of highly successful
drilling previously carried out by Apella on the Genesis Zone on the Iron-T
Project. The Phase 4 program will involve a series of in-fill drilling as well
as a number of holes to test the 22.5 km strike of the Iron-T anomaly to the
western-most boundary. Phase 4 will build on the very positive findings and
drill results received during the Phase 1, 2 and 3 drill programs. Apella
released its very positive results from Phase 1, 2 and 3 drill campaigns on the
Genesis Zone in a series of news releases disseminated between December 15th,
2009 and August 2010.


Phase 4 drilling will include; 1) a number of in-fill drill holes on the Genesis
Zone for the purpose of increasing the potential tonnage calculations and
upgrade of the present inferred mineralization, 2) step-out drill holes to
increase Apella's knowledge of some of the isolated mag anomalies, 3) step-out
drilling along the entire strike of the project to the western-most boundary to
identify the economic extensions of the identified, significantly mineralized
body. For the majority of the planned Phase 4 drill-holes the azimuth will be
320 and at -50 degrees. The current portion of Phase 4 will bring the total
number of holes drilled by Apella on the Iron-T to approximately 52 holes. Once
Apella completes all of the holes it plans for the entire Phase 4 campaign the
total number of holes drilled on the Iron-T by Apella should be in the range of
148.


Apella notes that unanticipated such a monopolistic or oligopolistic pricing
(e.g. export quotas such as with China), geopolitics such as with South Africa
and Russia, and natural disasters such as recent devastating earthquakes in
Japan and China - all play a role in affecting physical and financial parameters
for Vanadium in the marketplace. Apella anticipates that these issues are going
to have a bullish affect on the demand-side economics for Vanadium supplies
located elsewhere, like Quebec, in the near and mid-term.


Vanadium: is a strategic metal and is used in the production of high-quality
metal alloys, like strengthened steel, because of its property as an active
grain refiner and as a strong deoxidant and can impart strength, hardness and
wear resistance to steels. The vanadium industry is relatively new and new uses
are continually being discovered for the metal. Following are the a number of
the main uses of vanadium by various industries: iron and steel, high-strength
steels, full alloy steels, tool steels, carbon steels, stainless and heat
resistant steels, cast irons, titanium alloys, superalloys and hard-facing
alloys, aerospace engines and airframe materials. The above are addition to the
new and potential applications for the Renewable and Clean Energy sectors,
battery sectors, and the electric vehicle sectors.


Iron-T Project - Bell River Complex:

The Bell River Complex which hosts the Iron-t may be compared to the Lac Dore
layered igneous complex (in part owned by Apella) in the Chibougamau district of
Quebec, some 250 kms east, and to the Bushveld layered complex of South Africa,
the world's most significant source of Vanadium at present. At the Iron-T the
Vanadium rich horizons are well defined on the ground and in aeromagnetic
surveys by their highly magnetic susceptibilities. Apella anticipates that at
the Iron-T near Matagami the potential is excellent to substantially exceed the
known mineralization of its Lac Dore deposit at Chibougamau.


Lac Dore Project - Lac Dore Complex:

"The Lake Dore Complex is a Bushveld-type Archean layered mafic intrusion
(Allard, 1976) located some 250 km due east of Matagami in the Chibougamau
mining camp. The Lake Dore Complex is the most advanced project and the largest
vanadium deposit in North America. It shows a geological setting and
vanadiferous mineralization similar to the Bell River Complex. The Lake Dore
Complex is 5 to 7 km in thickness and has been subdivided into three main units
from base to top: The Lower Serie including the Anorthosite Zone; the Layered
Serie; and the Upper Serie which includes the Granophyre and the Border Zone
(Daigneault and Allard, 1990). The mineralized zones form a 50 to 200 m thick
sequence within the Layered Serie. The sequence comprises ferrogabbro,
ferropyroxenite and magnetite and hosts the highest grades of vanadium
mineralization. Mineralized oxide horizons are also characterized by
heterogeneous and rhythmic distribution within the Layered Serie (Taner, Ercit
and Gault, 1998) and a gradual upward decrease of vanadium content and gradual
upward increase of ilmenite (Daigneault and Allard, 1990). The magnetite
horizons vary from 50 to 200 m in thickness and extend for 16 km along strike as
inferred from airborne magnetic data. The Lake Dore Vanadium deposit is
estimated to 100.0 Mt grading 0.49% V2O5 including 32.2 Mt of measured resources
at 0.65% V2O5 (Girard and Allard, 1998)."


ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.

Patrick D. O'Brien, ICD.D - Chairman

S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun &
Bradstreet Listed.


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.

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