Apella Powerpoint for March 2010

The Leader in Vanadium

TSX.V: APAWWW.APELLARESOURCES.COM

Apella has positioned itself as a leader in the exploration and development of the largest Vanadium-Titanium-Iron projects in North America.

Forward Looking Statement

The information presented contains “forward-looking statements”, within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward‑looking information” under similar Canadian legislation, concerning the business, operations and financial performance and condition of the Company. Forward-looking statements and forward‑looking information include, but are not limited to, statements with respect to estimated production,

the estimation of mineral reserves and mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; permitting time lines and permitting, mining or processing issues; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; title disputes or claims; litigation liabilities; and

limitations on insurance coverage. Generally, forward-looking statements and forward‑looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or

“does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements and forward‑looking information are based on the opinions and estimates

of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward‑looking information.  Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward‑looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate, as actual results

and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward‑looking information. The Company does not undertake to update any forward-looking statements or forward‑looking

information that are incorporated by reference herein, except in accordance with applicable securities laws.

Investors are advised that National Instrument 43-101 of the Canadian Securities Administrators requires that each category of mineral reserves and mineral resources be reported separately.  Mineral resources that are not mineral reserves do not have demonstrated economic viability. 

Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated or Inferred Resources The information presented uses the terms “measured”, “indicated” and “inferred” mineral resources.  United States investors are advised that while such

terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize these terms.  “Inferred mineral resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed

that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of

measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.

Commodity Market Outlook

VANADIUMVANADIUMVanadium has been selling on the Chinese auction market in the range of $6-10 per pound in within the last year. Vanadium is used as a metal alloy to generate harder steel in military and medical equipment, among other uses. The Chinese government has also now issued a policy that encourages the use of steel strengthened by vanadium for construction in earthquake zones, which is extremely positive for Apella’s Vanadium Projects since its iron ore is naturally rich on vanadium and doesn't need to be artificially strengthened.

IRON OREIRON OREIron Ore is typically sold in concentrate of 65% or 66% purity, with wet or dry tons commanding different prices. Chinese market pricing came down more than 30% in the last year as the economy slowed down to a low of 420 Renminbi (1 Renminbi = $ 0.17 CAD) for a wet Metric Ton, or $71.40 CAD. Many long term contracts sell the Iron Ore concentrate, or Fe 65% wet, for $71 per MT.

TITANIUMTITANIUMTitanium is extensively used in different forms, from metal alloys to paint and human medical prostheses. The metal is presently selling between $1,000 to $5,000 USD per MT. Boeing 787 Dreamliner, Martin’s F22 Raptor and new artillery equipment (e.g. “The Reaper” of the US Air Force) are currently in production and use Titanium extensively.

Vanadium Applications

Apella is focusing on three main markets for Vanadium

HSLA Steel – Over fifty applications in the steel industry alone, is unmatched in ability to make steel stronger, lighter and anti-corrosive

Next generation Vanadium batteries - already in use worldwide, now entering North American marketplace

New emerging technologies such as Vanadium Blue – revolutionary window coating now in final testing for large-scale commercialization

Why Canadian Vanadium Projects?

South Africa (#1 supplier in the world at 37%) is severely affected by power outages and electricity constraints

China (#2 supplier in the world at 32%) is frequently affected by power inefficiencies and infrastructure damage

Currently only around 100,000 tonnes of Vanadium produced annually, yet 120-130,000 tonnes utilized. This is expected to compound annually by around 7-8% over the next 10 years

Based on 2006 consumption rates, China will need to source an additional 35,000 tonnes or 77 million lbs of Vanadium per year in order to match North American steel quality

Currently over 98% of all Vanadium utilized in North America is imported from foreign sources

Why Canadian Vanadium Projects?

Apella Project Highlights

All Vanadium projects located in mining friendly Quebec, Canada. Quebec offers rebate in excess of 38% on exploration dollars spent.

Mineralization is at or near surface on all projects = Open Pitable.

Ship Ready Ferro-Vanadium.

Processing of ore - environmentally friendly mechanical process requiring no chemicals.

Infrastructure

Infrastructure such as road, rail and power is in place on all of Apella’s Vanadium-Titanium-Iron

projects

Apella Project Timeline Pre-feasibility inside 18 monthsFeasibility-Additional 1 year Construction of Plant – Additional 2 years

Production Details:

Price per tonne

Waste to ore ratio must be calculated per annum based on width and depth of open pit.

1st Stage – Mechanical Extraction than separation with electromagnets

Immediate generation of cash flow Ferrovanadium rich concentrate would be ship-ready

2nd stage – Chemical process will be used for dealing with separation of feldspar and silica from oxide concentrate.

Separated metals would be sold to specific and separate markets

Apella Project Location Map

260km

Iron –T Project Milestones 1979 - Société de Développement de la Baie-James initiated an exploration program. Hole L-1-82-1 was bored in 1982 and successfully identified vanadiferous mineralization over significant widths on the property. Assay results returned 0.34% V2O5, 6.74% TiO2 and 25.19% Fe (total) over 56.39 m (estimated true width 39.87m).

1997-1998, Noranda Exploration Inc. carried out exploration under the supervision of a well recognized vanadium expert, Dr. Mehmet Taner

Three grab samples collected from Trench A during the exploration program in 1997 returned values between 0.52 and 0.59% V2O5.

A ground magnetic survey conducted in 2007 indicated that previous drilling and trenching were conducted within an area characterized by strong magnetic anomalies trending WNW and ESE extending over 2 km and 150 to 225 m wide.

In August 2008 Apella conducted a channel sampling program to validate previous assays results obtained on the Trench A excavated by Noranda in 1997.

Apella’s total sampling length was 25 m and the sampling length fixed at 1.0 m. The weighted average of the three channels is 0.49% V2O5, 8.09% TiO2 and 33.20% Fe

Successful drill program completed in November 2009. The drilling program at Iron-T intersected grades as high as 75.95% Fe2O3, 16.80% TiO2 and 1.34% V2O5. Every drill hole intersected significant mineralization at depth and confirms the mineralization is open in all directions.

Iron –T Project Highlights

The 100% owned Iron-T Vanadium project consists of 134 claims containing the Bell River Vanadium Deposit V-Ti-Fe Mineralization proven over 20 km’s Magnetic survey complete 43-101 Report Completed Apella 2008 Channel sampling assay results yielded grades as high as:• 0.819% Vanadium Pentoxide• 12.9% Titanium• 45.3% Iron

2009 Drilling program intersected grades as high as:• 75.95% Fe2O3, 16.80% TiO2, and 1.34% V2O5. • 93.66 metres of 43.87% Fe2O3, 7.90% TiO2, 0.41% V2O5 and • 90.93 metres of 42.70% Fe2O3, 7.24% TiO2, and 0.38% V2O5• 35.70 metres 26.29% Fe2O3, 3.33% TiO2, and 0.32% V2O5

2010 Drill Program is Currently Underway

Iron -T Vanadium Project

Iron -T Vanadium Project Mag. Survey

Iron -T Vanadium Project Drill Location

Iron -T Vanadium Project Drill Hole Location

Lac Dore Vanadium-Titanium-Iron Projects

Vanadium Batteries for CarsSurface Mineralization At Lac Dore

Lac Dore V-Ti-Fe Project Includes Northern Extension of Lac Dore Deposit

Results of up to 1.089% V2O5, 12.30% TiO2, and 70.8% Fe

Lac Dore V-Ti-Fe Project

2009 Drilling intersected massive magnetite at depth

Lac Dore V-Ti-Fe ProjectIncludes Apella’s claims covering the majority of the Lac Dore Deposit, reported to be the largest Vanadium deposit in North America and second-largest in the world.

Deposit dips 70% south

Previous work outlined a resource of around 5.5 billion pounds, or 2.27 billion kilograms, of Vanadium Pentoxide along with Iron and Titanium.

A 2002 feasibility study recommended development of a mine and processing facilities, with capital costs estimated at $364-million, including equipment and infrastructure. (Pre-NI-43-101)

Apella is awaiting Quebec Government approval of additional Lac Dore claims.

2008/9 Channel sampling returned results of up to 1.089% V2O5, 12.30% TiO2, and 70.8% Fe

2009 Magnetic Survey completed delineating mineralization

2009 Drill Program successfully intersected mineralization at depth in six holes

Lac Dore Milestones

Milestone #1 – Stripping and Channel Sampling Program

Completed Fall 2008

Milestone #2 – Initial 10 Hole Drill Program to test NE Extension of main zone Completed Summer 2009 with disseminated to massive magnetite intersected in holes 1 through 6

Milestone #3 – Surface Magnetometer Survey – Completed in August 2009 by Geosig. Defined strong magnetic anomalies over 3700 metres

Milestone #5 - Stripping and Channel Sampling Program #2 Completed Summer 2009

Corporate Information

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