VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 16, 2011) - Apella Resources Inc. (TSX VENTURE:APA)(PINK SHEETS:APAFF)(OTCQX:APAFF)(FRANKFURT:NWN), which owns potentially the largest and most significant vanadium assets in North America and perhaps the largest combined resource of Vanadium in the world, has approved and appointed Tanvir A. Khandaker, to its Advisory Board.
Mr. Tanvir A. Khandaker is Principal and Group Manager of KDRMORGAN Limited Inc., a Wall Street based Buy-Side Advisory and Risk Management firm and also serves as the Chief Portfolio Strategist of KDR resources Alpha Fund, a Private Equity Fund that specializes in investing in Small Cap Global resource companies that are attractive M&A targets. As a Contrarian Value Investor and as an Independent Advisor to various funds, he has over 10 years of Wall Street Advisor experience. Prior to KDRMORGAN Limited, Inc he founded and managed Roushan Khandaker Group; a boutique Global Small Cap Equities research firm focused on the Metals and Mining Sectors.
"I am looking forward to working with Apella Resources' team, as I believe in the significant potential of Apella's Lac Dore and Iron-T projects; specifically since these Vanadium assets have the potential of becoming such a large opportunity for a junior company. In addition to the Vanadium, both the Iron and Titanium credits could significantly bolster the company's cash flow once it goes into production," commented Tan Khandaker. He further stated, "Apella's Vanadium deposits represent the first potential supply of Vanadium inside North America, of significance. This could power the U.S. economy from Battery operated transportation to steel production and infrastructure expansion. More importantly, if used as a strategic metal, Vanadium could create the paradigm shift in the green energy sector and thus play a major role in reducing our domestic carbon footprint."
"Tan Khandaker's background in the Mining Sector, as well as his experience in the public markets will be invaluable resources to Apella," stated Patrick O'Brien, Chief Executive Officer. "I'm very excited to be working with Tan. He adds necessary experience to the Company as we move our business plan forward," O'Brien concluded.
The global economic recovery in the next 24 months, featured by infrastructure growth, is going to be good for steel industry growth, BRIC's and frontier markets. If it is good for steel, it is going to be very good for Vanadium. Green Energy and new brands of lithium batteries could drive vanadium demand even further. Energy Storage is also a significant area of growth for Vanadium. Tan Khandaker stated, "I would like to continue to advise the company in its capital market positioning and financing strategy to validate and grow the project portfolio at Apella and make them a serious strategic metal player."
Mr. Tanvir A. Khandaker serves on Apella's Advisory Board effective August 15, 2011.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
Patrick D. O'Brien, ICD.D - Chairman
S.E.C. Exemption 12(g) 3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed.Neither the 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.