Private Placement
For Immediate Release
PRIVATE PLACEMENT
Vancouver, BC – November 9th, 2010
Apella Resources Inc. (TSX.V: APA), (U.S.A. OTCQX: APAFF), and (Frankfurt: NWN) is pleased to announce that the Company has arranged a $300,000 Cdn, non-brokered private placement through the issuance of 2,000,000 units at a price of $0.15 per unit. Each unit consists of one non flow-through common share and one flow-through share purchase warrant entitling the holder to purchase one additional common share of the Company for each warrant exercised at $0.30 per share for a period of 18 months. Each warrant issued will be subject a forced exercise provision. Should the common shares of Apella trade at $0.30 or higher for ten consecutive days the force exercise provision will be triggered and the warrant holders will have thirty days within which to exercise the warrants or the warrants will automatically expire. All shares issued will be subject to a hold period for the first four months, per the policies of the TSX Venture Exchange and this private placement is subject to the approval of the TSX Venture Exchange. Proceeds from this private placement will be allocated to operating capital and proceeds from the exercise of the warrants will be allocated to exploration expenses attributable to Apella’s Canadian exploration properties.
Additional information is contained on the Company’s website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien 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.