Private Placement
News Release
PRIVATE PLACEMENT
Vancouver, BC – Wednesday May 5th 2010, 10:30 a.m. PST
Apella Resources Inc. (TSX.V Symbol – “APA”); (Frankfurt Symbol – “NWN”), announces that the Company has arranged a $150,000 Cdn, non-brokered, non flow-through Private Placement through the issuance of 750,000 units at a price of $0.20 per unit. Each unit consists of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company for each warrant exercised at $0.25 per share for a period of 18 months. All shares issued will be subject to a 4 month hold period per the policies of the TSX Venture Exchange and this private placement is subject to the approval of the TSX Venture Exchange. Proceeds will be allocated to exploration of Apella’s Iron-T Vanadium-Titanium- Iron Project at Matagami, Quebec on which drilling is to begin the afternoon of May 5th, 2010.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
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.
“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.”
Apella invites the public to visit its website at http://www.Apellaresources.com or e-mail us at [email protected] to be added to the Company’s e-mail list for press releases and updates.
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Renmark Financial Communications Inc.
Barry Mire: [email protected] Barbara Komorowski: [email protected] Tel: (514) 939-3989 or (416) 644-2020 www.renmarkfinancial.com