Slide 1:“World Class Vanadium Development” Spring 2009 TSX.V: APA FRANKFURT: NWN.F WWW.APELLARESOURCES.COM


Company Profile :Company Profile Tier 1 issuer on the TSX Venture Exchange (APA) and listed on the Frankfurt Exchange (NWN.F) Vanadium Development Projects in the Canadian Province of Quebec, the world’s premier location for mineral exploration. Ongoing development of 100% owned Vanadium, Titanium, Iron projects. Diversified property portfolio also includes numerous Gold-Copper and Uranium projects in the Chibougamau region. Management and geological team with a wealth of experience in all aspects of exploration, development and financing.


Management :Management Patrick D. O’Brien – President & CEO Christian Derosier - Vice President Exploration Brian F. Adams – Director Jerry W. Dibble – Director Donald J. Foran – Operations Manager


Geological Advisory Board :Geological Advisory Board Dr. Christian Derosier – VP of Exploration Dr. Mehmet Taner – Geologist and mineralogist Dennis Bordin – Professional mining engineer Stewart Carmichael – Ontario Prospector of the year in 2006 Gerald G. Gereghty – Geophysical Survey consultant James MacLeod – Mining Exploration Technologist Over 200 years of combined geological experience


Vanadium Applications :Vanadium Applications Vanadium is a strategic metal used predominantly for high strength steel alloys and new uses are continually being found. Steel - imparts strength, hardness and corrosion resistance. Titanium Alloys - jet engines, airframes, rockets, golf clubs and nuclear application. Chemicals, catalysts for sulphuric acid, plastic, dyes, pigments, dietary and glass.


Vanadium Applications :Vanadium Applications New battery applications are making electric cars possible. Vanadium Lithium Ion is double the capacity, half the size with much lower recharge time compared to proposed batteries for 2010-2012 electric automobile launches. World energy demand is increasing exponentially and the environment is a large concern. High capacity Vanadium Redox batteries have seen massive appeal in Eastern Asia. They are a superior replacement to lead-acid batteries and are used extensively for backup power and helping generators cope with large surges in demand. They can be charged and recharged indefinitely and are environmentally friendly.


Vanadium Demand :Vanadium Demand “Domestic demand for structural steel should come under pressure in coming months, Prices of Vanadium, used to strengthen steel, are expected to remain stable” Evraz Group SA's Highveld Steel & Vanadium Ltd., August 25th 2008 Primary producing countries are South Africa, Russia, China and Australia. World production is currently approx. 100,000 tons a year while demand is approx. 120,000 tons. Since 2003, world demand for Vanadium and the price of the metal had increased steadily until late 2008. Production of steel alloys and Vanadium demand are forecast to rise primarily from China, India and the USA. Apella could represent the first major North American supply.


Vanadium Demand :Vanadium Demand Apella Resources is poised to become the first primary source for Vanadium production in North America. Measurement in Tonnes


Apella Project Location Map :Apella Project Location Map 260km


Vanadium Project Highlights :Vanadium Project Highlights All Vanadium projects located in mining friendly Quebec, Canada. Quebec offers rebate in excess of 40% on exploration dollars spent. Projects are accessible for work all year round Mineralization starts near surface and is open pitable Nearly all infrastructure already in place: 161k power lines, network of highways and logging roads providing access to every corner of the projects, major towns close by, rail lines for transport of ore already in place and work force readily available. Processing of ore would be an environmentally friendly mechanical process, requiring no chemicals. Very likely, ore produced would be ship ready as a vanadium enriched iron additive for steel production No competitive new source of Vanadium slated to come online. These are the only major North American Vanadium Projects


Iron -T Vanadium Project :Iron -T Vanadium Project Previous exploration by Noranda Inc. confirmed the presence of Vanadium, Titanium and Iron mineralization over a distance of more than 20 kilometres. 43-101 values and Apella’s confirmed grades from Fall 2008 Channel sampling are comparable to Vanadium deposits currently being mined. * 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


Iron -T Vanadium Project :Iron -T Vanadium Project The 100% owned Iron-T Vanadium project contains the Bell River Vanadium Deposit as well as 100 additional strategic claims. Apella 2008 Channel sampling assay results yielded grades as high as: 0.819% Vanadium Pentoxide 12.9% Titanium 45.3% Iron


Iron -T Vanadium Project :Iron -T Vanadium Project


Lac Dore Vanadium Deposit :Lac Dore Vanadium Deposit Initially discovered in 1954 by Dominion Gulf. Not until 1966 was vanadium content discovered by Gilles O. Allard 70 km southeast of Chibougamau. Quebec highway, road and rail accessible and situated close (35km) to 161kV transmission lines.


Lac Dore Vanadium Deposit :Lac Dore Vanadium Deposit Main claims staked by Apella Resources Inc. in August 2007. (awaiting final Quebec Government approval) Reported to be the largest proven Vanadium-Titanium-Iron Deposit in North America and 2nd largest in the world.* *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


Lac Dore Vanadium Deposit :Lac Dore Vanadium Deposit


Lac Dore North Vanadium Project :Lac Dore North Vanadium Project


Lac Dore North Vanadium Project :Lac Dore North Vanadium Project Acquisition of the Lac Dore North claims began late Spring 2007 and encompass 24 claims. (approx. 940 acres) Mechanical clearing of overburden has yielded significant mineralization. Claims situated within the perceived extensions of the Lac Dore deposit.


Lac Dore North Vanadium Project :Lac Dore North Vanadium Project Surface stripping Lac Dore North October 2008 Surface stripping Lac Dore North October 2008


Lac Dore North Vanadium Project :Lac Dore North Vanadium Project


Lac Dore North Vanadium Project :Lac Dore North Vanadium Project Winter 2008 exploration Program completed with 60 channel samples cut from magnetite outcrops and bedrock spanning 500 metres. The 2008 channel sampling confirmed economic grades of as high as: 1.089% Vanadium Pentoxide 12.3% Titanium 56.5% Iron Apella anticipates the ability to duplicate the Lac Dore Deposit on these claims. * Apella cautions readers that the numbers and quotes pertaining to results are historical and pre-NI 43-101 in nature and are derived from sources outside of Apella


Stratigraphic Comparison :Stratigraphic Comparison Comparison of depth, chemistry and mineral ratio of three renowned Vanadium deposits. No Similar Merensky or UG2 layer discovered, yet


Location of Bell River and Lac Dore :Location of Bell River and Lac Dore


Bell River and Lac Dore Comparison :Bell River and Lac Dore Comparison LAC DORE BELL RIVER (Iron T) BELL RIVER (Iron T) LAC DORE


2009 Field Program :2009 Field Program Vanadium Projects Iron T Phase one complete and yielded encouraging results. Drilling anticipated to commence in 2009. Lac Dore Currently awaiting government approval of claims. Lac Dore North Phase one complete and yielded encouraging results. Perceived to be the NE extension to Lac Dore Deposit. It has the potential to duplicate and perhaps exceed the Lac Dore Deposit in size and grade. Geophysics and drilling expected to commence 2009.


Fact Sheet :Fact Sheet Share price (June 1, 2009): $0.095 Shares issued (basic): 93,274,350 52 week high / low: $0.19 – $0.04 Market Cap: C$ 9.82 million Debt: NIL


Corporate Information :Corporate Information APA - TSX-Venture Exchange NWN.F - Frankfurt Exchange The Bower Building Suite 1600 – 543 Granville Street Vancouver, BC, Canada V6C 1X8 www.apellaresources.com Toll Free Phone: 1-800-663-8990 Vancouver, BC Phone Number: 604-683-8990 Email: info@apellaresources.com