Private Placement

FOR IMMEDIATE RELEASE

PRIVATE PLACEMENT

Vancouver, BC – February 27, 2012

Apella Resources Inc. (TSX.V: “APA”), (U.S.A. OTCQX: “APAFF”), and (Frankfurt Symbol: “NWN”) is pleased to announce that the Company has arranged, subject to regulatory approval, a private placement of 5,513,635 units at a price of $0.11 per unit for total proceeds of $606,499.85. 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 a period of 5 years at a price of $0.15 per share. The Company has agreed to pay a finder’s fee of $15,136.00 in respect of a portion of the proceeds raised. The proceeds from the financing will be used for general working capital purposes.

Apella invites the public to visit its website at http://www.apellaresources.com or contact us by email at [email protected] 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, ICD.D – Chairman

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.