VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 4, 2010) - Apella Resources Inc. (TSX VENTURE:APA)(OTCQX:APAFF)(FRANKFURT:NWN) is pleased to announce that the company is receipt of an Independent Research Report prepared and distributed by Fundamental Research Corp.; one of North America's most respected analytical firms. Apella is pleased to see such favourable coverage by Fundamental. Apella notes that Fundamental's report has given Apella Resources Inc. a "Buy" rating and a target price of $0.65 per share which is a 400% premium to the close on Apella's market on November 3, 2010.
Investors who wish to receive a copy of the Fundamental Research Report may obtain one by calling Adrian Bakker at Apella Resources Inc. offices at 604-683-8990 or e-mailing to Patrick D. O'Brien, CEO at Novawest@novawest.com; otherwise they can look for the report at www.researchfrc.com.
In other news, Apella's management notes that in a Goldbrook Ventures Inc. news release dated today November 4th, 2010 Mr. Brian Grants provides an updated resource calculation for numerous of Goldbrook's Raglan exploration deposits. Of significance to Apella and its stakeholders is; 1) that the Mystery deposit is the largest of the Goldbrook deposits noted and 2) Apella Resources Inc. retains the Net Smelter Royalty ("NSR") on that particular assemblage of Raglan assets as result of the previous sale of Apella's Raglan assets to Goldbrook.
Additional information is contained on the Company's website at www.apellaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D - Director
SEC Exemption 12(g)3-2(b) File no. 82-3822, Standard & Poors Listed, Dun & Bradstreet ListedNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.