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The Lac Dore Vanadium-Titanium-Iron Project Lemoine & Rinfret Townships, Quebec, Canada The 100% owned Lac Dore project is less than 30 air miles south of the mining and forest service town of Chibougamau, Quebec. The area is well serviced by air, rail and road. Together with readily available electrical energy and water, a solid mining infrastructure is in place for the development of a mine and production of Vanadium, Iron and Titanium. Approximately C$13 million has been spent on this project to date including extensive exploration and metallurgical work by the government of Quebec as a previous owner. Apella acquired a 100% interest in its Lac Dore claims after a competitive staking rush in 2007. SNC-Lavalin had completed a Feasibility Study on Lac Dore f or a third party before NI 43-101 compliance became an industry standard. The reported calculation at the time (2002- 2003) was 102 million tonnes of 0.5% V 2 O 5. The focus of SNC-Lavalin’s positive feasibility study was the central portion of Apella’s 18 claims awarded to Apella in March 2011. SNC-Lavalin concluded the deposit was economical on Vanadium alone; when Vanadium was trading at approximately a third of the price it is today. At current metal prices, the Iron and Titanium content of the deposit, previously ignored, add more value to the deposit than the highly prized Vanadium itself. Apella, like SNC-Lavalin, considers these claims to be the most favorable in the region. The deposit is hosted within a hillside which has created an optimal setting for an open pit mine. Apella intends to develop its Lac Dore assets so that it derives as many value added downstream profit points as possible and maximizes the value it creates for the economy of Quebec. Apella’s immediate objective at L ac Dore will be to verify and confirm the remarkable historic results to date and bring the resource to NI43-101 compliant standards. Apella’s second objective is to complete a bankable feasibility study on this resource. In achieving this, Apella will have a significant cost advantage, in that it will utilize the previous work in its favor. Lac Dore area mineralizatio n – Apella photo 2009 New Vanadium technologies are capable of solving America’s energy problems . However, in order to do so, the world will need massive amounts of Vanadium. Fortunately for Apella, it appears to hold two of the most significant Vanadium deposits on the planet. Apella will undoubtedly play a major role in the future of Vanadium battery technologies which have shown tremendous growth worldwide. In addition to opportunity created by the deficit of Vanadium for earthquake safe and specialty steels which commands 90% of global supply, Apella believes it has the ability to positively impact the rene wable energy sector worldwide.
