APELLA INCREASES VANADIUM INTERESTS
Apella Resources Inc. (TSX.V Symbol (APA); Frankfurt Symbol (NWN), and its Board of Directors are pleased to announce the addition of 133 claims to the Company's wholly-owned Iron-T Vanadium Project situated in Central Quebec, west of the mining centre of Matagami. 10 of the newly added claims were acquired from the original owners of the Iron-T who had previously applied for and have since received title and transferred to Apella, as part of the purchase agreement. The other 123 newly added claims were recently acquired by way of ground staking. The Iron-T Project is now comprised of a total of 150 mining claims in which Apella has a 100-per-cent interest. The claims cover parts of the renowned Bell River Complex, where previous exploration work carried out by Noranda Inc. during the 1990's delineated and confirmed the presence of vanadium, titanium and iron mineralization over a distance of about 20 km.
The Iron-T Vanadium-Titanium-Iron Project, coupled with the Company's Sideline Vanadium-Titanium-Iron Project (adjoining the well-known Lac Dore deposit) and the pending claim application covering the reported 102 million tonne/5.5 billion-pound Lac Dore deposit, clearly establishes Apella at the forefront of North American vanadium exploration and development. Apella cautions readers that the numbers and quotes pertaining to reserves are historical and pre-NI 43-101 in nature and are derived from sources outside of Apella.
Vanadium is a strategic metal, used mostly in the production of high-strength steel alloys (for tools and oil-and-gas pipelines) and specialized metal alloys for the aerospace industry. Another emerging market for Vanadium comes with the development of Vanadium-redox-flow batteries which are not only environmentally friendly, but can be charged and recharged more than 10,000 times and maintain their charge almost indefinitely. Already fully implemented in Japan, its applications range from heavy industrial use to hybrid automobiles and electronics. Russia and South Africa are currently the world's primary vanadium producers.
The Company is committed to a strategic goal of attaining production through decisive acquisition and development. To date, North America has no primary sources of Vanadium production and Apella Resources is poised to become the first.
Apella invites the public to visit its NEW website at http://www.apellaresources.com/ or e-mail us at Apella@Apellaresources.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
Patrick D. O'Brien - Chairman
S.E.C.Exemption12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN