Apella Resources Inc and its Board of Directors announced that the company has completed its third phase of drilling on its Iron T Vanadium Iron Titanium project near Matagami of Quebec.

15 holes were drilled on the east and west extensions of the known deposit and on several high magnetic anomalies running parallel to the main zone. Core from these drill holes confirms the presence of highly significant disseminated, semi massive and massive vanadiferous mineralization and will contribute to increasing the size of the mineral resource. In addition, 2 holes from the Company's second drilling program were extended to determine the depth of mineralization. The drilling program totaled 2349 meters. Core is being split and sent for assay to ALS Chemex laboratory in Val d'Or, Quebec in accordance with Apella's Quality Control and Quality Assurance program.

During the drilling program SGS Geostat visited the project for the preparation of the initial resource calculation based on the data received to date from the first Phases II of diamond drilling.

The Company has received results from the first 2 drill holes and highlights from these holes include intersections of:

1. 20.85 meters of 0.55% Vanadium Pentoxide, 45.69% Iron Oxide and 6.85% Titanium Dioxide;
2. 8.06 meters of 0.60% Vanadium Pentoxide, 41.56% Iron Oxide and 7.18% Titanium Dioxide;
3. 14.88 meters of 0.61% Vanadium Pentoxide, 43.82% Iron Oxide and 7.76% Titanium Dioxide