VANCOUVER, June 11 /CNW/ - Apella Resources Inc. (TSX.V Symbol - "APA";
Frankfurt Symbol - "NWN"), and its Board of Directors are pleased to announce
that the physical inspection by the Quebec Ministry of Mines (Ministere des
Ressources naturelles et de la Faune) of the staking of certain disputed
mineral claims staked by the Company and a competitor in and around the Lac
Dore Vanadium Deposit situated near Chibougamau, Quebec has commenced. The
disputed claims were staked by Apella and a competitor, Mr. Rejean Pickard, on
August 21, 2007. Apella has already succeeded in confirming its title to 36 of
the 57 mineral claims staked by it at Lac Dore. Apella has now been advised by
the Quebec Ministry of Mines (Ministere des Ressources naturelles et de la
Faune) that 9 of the 21 claims staked on August 21st, 2007 and applied for by
Mr. Pickard over the same ground as ground staked by Apella have now been
rejected as the competitor's staking did not meet the standards set out in the
Quebec Mining Act. Apella has been advised that the physical inspection
currently underway only involves the remaining 12 claims under dispute.
The Lac Dore Vanadium Deposit was originally discovered by the Government
du Quebec in the 1960's and subsequently placed under the control of Societe
generale de financement du Quebec (SGF) and its wholly owned subsidiary
SOQUEM, Inc. in 1998. The Lac Dore deposit is reportedly the second largest
vanadium deposit in the world containing approximately 5.5 billion lbs of
Vanadium (V2O5). The disputed claims include a number of claims that cover the
Lac Dore Vanadium Deposit. 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.
The disputed claims are being physically inspected by a team of
inspectors from the Quebec Ministry of Mines who are now on site. Since the
dispute arose in the fall of 2007, Mr. Pickard has been represented by and has
given the Quebec government corporation, SOQUEM, Inc. full power and authority
by way of a Power of Attorney to act on his behalf in this dispute. Apella
welcomes the inspection as the Company looks forward to securing its rightful
ownership to all of the Lac Dore claims it has applied for, that have not
already been awarded to the Company. The assessment of the claims will be made
on a claim-by-claim basis to ensure compliance with the various requirements
set out in the Quebec Mining Act. Apella is confident that the quality of its
staking endeavours was above reproach and met the highest professional
Should Apella gain confirmation of title of the remaining Lac Dore claims
the Company will set out a series of milestones for further development,
production and sales contracts for the exploitation of the vanadium products
that could be possibly be derived from future operations.
In the mean time Apella is pleased to advise that it is proceeding with
its ongoing plans for its Iron-T Vanadium-Titanium-Iron Project situated just
outside the town of Matagami, Quebec.
Apella Resources has spent the past 14 years and millions of dollars
exploring and developing projects in Quebec. It is committed to exploration
and development in Quebec and highly values its excellent relations with all
Government bodies involved in the mining industry. The Company looks forward
to contributing even further to the prosperity of the Chibougamau and Matagami
regions as it continues to explore and develop hundreds of mineral claims it
already owns. The Company will continue to advise its stakeholders and
shareholders of the details pertaining to these very important events as
information becomes available.
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 RE
"Patrick D. O'Brien"
Patrick D. O'Brien - Chairman
S.E.C. Exemption 12(g)3-2(b) File No. 82-3822, Standard & Poors Listed,
Dun & Bradstreet Listed.
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SET FORTH IN OR IMPLIED HEREIN.
For further information:
For further information: Suite 1600, The Bower Building, 543 Granville
Street, Vancouver, British Columbia, Canada, V6C 1X8, Tel: (604) 683-8990,
Toll-Free: 1-800-663-8990, Fax: (604) 683-8903, www.apellaresources.com,