~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Outlook for vanadium market healthy on price hike ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Toplogo Monday, 31 Jan 2011 It is reported that the prices for vanadium have been rising since the bottom fell out of the world markets in 2008.

The outlook for vanadium is healthy on the back of increasing steel demand and also because the use of vanadium in battery technology. The use of vanadium in batteries geared towards hybrid vehicles has tremendous growth potential, as well as its use in vanadium redox flow batteries.

These batteries were highlighted in an article on Vanadium Investing News last week.

Many mining juniors are actively pursuing new resources to capitalize on these new developments, in a market that has the potential to expand dramatically.

Vanadium mining is a tricky business.

The metal is never found in its metallic form, instead it occurs in tandem with over 150 various minerals, crude oil deposits, coal, tar sands, and also as a byproduct of uranium mining. Apella Resources Inc recently announced that one of the inventors of the redox flow battery is joining their advisory board.

Professor Skyllas Kazacos is well known worldwide as the scientific researcher and pioneer who is credited with the invention of the Vanadium Redox Battery.

With the addition of Professor Skyllas Kazacos the company is hoping to develop its Vanadium Iron Titanium assets for their use in battery technology.

Apellas two main properties are the Iron T Vanadium Project and the Lac Dore Vanadium Project, both located in the province of Quebec in Canada. (Sourced from www.ibtimes.com) For more information please contact, W.

Adrian Bakker Vice President of Corporate Communications Apella Resources Inc.

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