Apella Minerals Extends Expiry Date of Warrants

News Release

Apella Minerals Extends Expiry Date of Warrants

Vancouver, BC – Thursday, May 3, 2012

Apella Resources Inc. (TSX.V: “APA”); (U.S.A. OTCQX Exchange: “APAFF”): (Frankfurt Symbol: “NWN”) and its Board of Directors advise that the Company intends to extend the expiry date of 3,157,500 share purchase warrants originally issued on December 6, 2010 and which are currently set to expire on June 6, 2012. The proposed new expiry date is December 6, 2015. The exercise price of these warrants will remain unchanged at $0.20 for the non-flow-through warrants and $0.30 for the flow-through warrants. All other terms of the warrants remain unchanged. The extension of the warrant term is subject to the policies and acceptance of the TSX Venture Exchange.

In addition, the Company intends to extend the expiry date of 1,165,000 share purchase warrants originally issued on January 18, 2011 and which are currently set to expire on July 18, 2012. The proposed new expiry date is January 18, 2016. The exercise price of these warrants will remain unchanged at $0.20. All other terms of the warrant remain unchanged. The extension of the warrant term is subject to the policies and acceptance of the TSX Venture Exchange.

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.”