Apella Completes Private Placement and Grants Options to Directors and Officers

News Release

Apella Completes Private Placement and Grants Options to Directors and Officers

Vancouver, BC – April 3, 2012

Apella Resources Inc. (TSX.V Exchange: “APA”), (U.S.A. OTCQX Exchange: “APAFF”), and (Frankfurt Exchange: “NWN”) is pleased to announce that it has completed a private placement announced February 27, 2012 for 5,648,635 units at a price of $0.11 per unit for total proceeds of $621,349.85. Each unit consists of one common share and one share purchase warrant entitling the holders to purchase an additional 5,648,635 shares at a price of $0.15 per share until March 9, 2017. A finder’s fee of $15,136.00 was paid by the Company. The shares and any shares acquired upon exercise of the warrants are subject to a hold period ending on July 10, 2012.

The Company has also granted incentive stock options to purchase a total of 1,075,000 shares of the Company at a price of $0.10 per share for five years (ten years with respect to 75,000 options) to recently appointed directors and officers of the Company.

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.