Apella Resources Inc.: Corporate Update

Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to provide its shareholders with the following corporate update on activities of the company.

The press release is quoted as saying:

Power Vanadium Corporation – Management advises that its plans as announced in its November 17th, 2009 release for its wholly-owned subsidiary Power Vanadium Corporation have been set aside and all of its Quebec Vanadium-Iron-Titanium assets presently owned will remain, as they are, within the parent Apella.

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