Private Placement Closed

For Immediate Release

PRIVATE PLACEMENT CLOSED

Vancouver, BC – March 18, 2011

Apella Resources Inc. (TSX.V: APA), (U.S.A. OTCQX: APAFF), and (Frankfurt: NWN) announces that it has closed the private placement which it announced on March 7 and March 14, 2011. Proceeds of $741,350 were received pursuant to the placement of 3,406,750 non-flow-through units at a price of $0.20 per unit and the issuance of 240,000 flow-through units at a price of $0.25 per unit.

Each non-flow-through 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 $0.20 until March 10, 2016 for 3,281,750 warrants and until March 17, 2016 for 125,000 warrants. All shares issued with regard to this portion of the private placement are subject to a hold period which expires July 11, 2011 for 3,281,750 shares and on July 18, 2011 for 125,000 shares..

Each flow-through unit consists of one 90% flow-through common share and one non-flow-through share purchase warrant entitling the holder to purchase one additional common share of the Company for each warrant exercised at $0.40 until September 10, 2012. All shares issued with regard to this portion of the private placement are subject to a hold period which expires July 11, 2011.

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.