Quick Facts-Apella Resources Inc. - The Vanadium Leader

Quick Facts-Apella Resources Inc. - The Vanadium Leader

The decision of the Quebec court arises out of a staking rush over the prized Lac Dore claims in August, 2007. At that time Apella and another competing party sought to stake the same claims covering the Lac Dore deposit. In January, 2010, the MRNF issued a decision awarding nine claims to Apella and two claims to the competing party while refusing to award the remaining claims to either party. Apella appealed the decision of the MNRF and on February 23, 2011 the Honourable Francois Godbout, J.C.Q. awarded the sought after nine claims to Apella.

Patrick D O’Brien, ICD.D, Apella’s Chief Executive Officer commented “this is precisely the outcome we sought, nothing more, nothing less. Judge Francois Godbout, J.C.Q. made a just and appropriate decision which now allows Apella to expeditiously focus on the development of the Lac Dore. In concluding this lengthy multi-year process Apella has rightfully gained entitlement for its shareholders to the near entirety of the Lac Dore, notably, the world’s second largest vanadium deposit. Apella’s Board and Management wish to extend their sincere gratitude to all of the planners, stakers, geologists, legal advisors, and consultants; and especially our patient and devoted shareholders for standing by and supporting us through this long but achievable undertaking. Our goal has been achieved.”