Apella Resources Inc. has formed a wholly owned subsidiary Power Vanadium Corp. which will be positioned as a pure vanadium iron titanium entity to hold and operate Apella’s Iron T, Lac Dore and Lac Dore North interests, all located in Quebec, Canada. Power will provide Apella with a vehicle within which Apella can finance, operate, and develop its iron vanadium titanium projects without significant affect on the other gold, copper and nickel assets within Apella. The Lac Dore North iron vanadium titanium project encompasses 18 claims covering an area of approximately 741 acres over a strike length of approximately 3km, covering the NE extension of the 5.5 billion pound Lac Dore vanadium deposit.