Corporate Update from the President of Capella Resources



    VANCOUVER, BRITISH COLUMBIA, September 6 /CNW/ - CAPELLA RE

SOURCES LTD. (TSX VENTURE:CPS) ("Capella" or the "Company") has been active in Atlantic Canada since acquiring Tripple Uranium Resources Inc. ("Tripple Uranium") in June. Capella's management is also actively seeking potential acquisitions to add to the Company's portfolio of prospects in order to build its asset base and at the same time increase shareholder value. With the acquisition of Tripple Uranium came a group of geologists and field personnel that have proven to be a great asset to the Company. In addition to the acquisition of Tripple Uranium, Capella has taken further steps to build its asset base by closing a $10 million financing and conducting an extensive exploration program in Atlantic Canada (as outlined below). While the stock markets overall, and uranium stocks in particular, have experienced a decline, Capella's management believes that the current share price does not reflect the current status of the Company. In June, Capella began an extensive exploration program on its 407,000 hectares in Atlantic Canada (see the Company's news release dated August 15, 2007, posted on SEDAR at www.sedar.com). To date, Capella has drilled 10 holes on its Wentworth property in Nova Scotia, and the Company is awaiting results and expects the same by mid-September. Capella's two drill rigs that were working in Nova Scotia were sent to Labrador in August to explore the Company's Kanairktok River property, which is east-northeast of the joint venture between Universal Uranium Ltd. and Silver Spruce Resources Inc. in the Labrador Central Mineral Belt. Capella has secured two additional drill rigs for its drilling program. One drill rig is heading to Nova Scotia to complete the Company's 7,000-meter program and the other drill rig will be heading to New Brunswick. Evaluation of these properties continues, with diamond drilling planned in early September. Drilling on both the Nova Scotia and the New Brunswick properties will continue throughout the winter. At the peak of Capella's 2007 summer drill program the Company had 24 geologists with field crews working on its various properties. Capella's claims in Atlantic Canada represent approximately one million acres of land, or approximately 1,574 square miles, making Capella one of the leading land holders in Atlantic Canada. We would like to thank all of our shareholders for their support. Capella is continuously seeking out new opportunities, and with a continued commitment from the Capella management team we will strive to make Capella a success. About Capella Resources Ltd. The Company is a publicly traded, junior exploration company with over 20,000 mineral exploration claims covering an aggregate land area coverage of over 1,010,000 acres (407,800 hectares) in Atlantic Canada (Nova Scotia, New Brunswick and Newfoundland and Labrador). The Company holds a 100% interest in the Tinton Gold Project located 15 kilometres west-northwest of the famous and historic Homestake Mine in the Black Hills at Lead, South Dakota. The property consists of 1,270 hectares contained in 157 unpatented mining claims. The Company also holds a 100% interest in the Nevada and Dorado Gold and Copper properties located in the Maricunga Gold and Copper District approximately 700 kilometres northwest of Santiago, Chile. The properties are comprised of ten exploration claims and six exploitation claims totalling a cumulative 3,500 hectares in area. CAPELLA RE

SOURCES LTD. Sincerely, Rick Bachman President, Capella Resources Ltd. Not for distribution to the United States newswire services or for dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information:

For further information: Skyline Investor Relations Brian Cole, Toll
Free: 1-866-433-3356 or 604-733-3356 info@skylineir.com

Organization Profile

CAPELLA RESOURCES LTD.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890