Private Placement and Board Appointment

Apella Resources Inc. (TSXV - "NVE"; Frankfurt - "NWN"), announces that the Company has closed its private placement announced January 26th, 2010. The company accepted proceeds totaling $1,191,700 Cdn, for which it issued 5,958,500 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. Of the 5,958,500 shares being issued in the private placement 4,308,500 are non flow-through and 1,650,000 are flow-through. Finders' fees amounting to 110,000 units and $21,756 cash were also paid on this financing. All shares issued with regard to this private placement are subject to a 4 month hold period expiring on May 29th, 2010.

In addition, the Company wishes to announce the appointment of Christopher B. Chu to the Board of Directors. Christopher Chu has been a member of the law society of British Columbia since September 1984 and had previously served as a director of Apella Resources Inc. from February 1996 to April 2002. Mr. Chu is also the Corporate Secretary of Apella Resources Inc.

ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.

"Patrick D. O'Brien"

Patrick D. O'Brien - Chairman

Novawest invites the public to visit its website at http://www.apellaresources.com or e-mail the company at This e-mail address is being protected from spambots. You need JavaScript enabled to view it to be added to the company's e-mail list for press releases and updates.

S.E.C.Exemption12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed

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