Private Placement

For Immediate Release

PRIVATE PLACEMENT

Vancouver, BC – February 15, 2011

Apella Resources Inc. (TSX.V: APA), (U.S.A. OTCQX: APAFF), and (Frankfurt: NWN) is pleased to announce that the Company has arranged a $500,000 Cdn, non-brokered private placement through the issuance of 2,000,000 units at a price of $0.25 per unit. Each unit consists of one flow-through common share and onehalf of one non flow-through share purchase warrant entitling the holder to purchase one additional common share of the Company for each full warrant exercised at $0.35 per share for a period of 18 months. Each warrant issued will be subject a forced exercise provision. Should the common shares of Apella trade at $0.45 or higher for twenty consecutive days the forced exercise provision will be triggered and the warrant holders will have thirty days within which to exercise the warrants or the warrants will automatically expire. All shares issued will be subject to a hold period for the first four months, per the policies of the TSX Venture Exchange and this private placement is subject to the approval of the TSX Venture Exchange. The Company has agreed to pay a finder’s fee equal to 8% of the total proceeds raised. Proceeds from this private placement will be used to further explore Apella’s vanadium properties in Quebec, Canada.

Additional information is contained on the Company’s website at www.apellaresources.com.

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

“Patrick D. O’Brien”

Patrick D. O’Brien, ICD.D – Director

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.