Capella Resources Announces Royalty Reduction Agreements
Published : March 16, 2011
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 16, 2011) - CAPELLA RESOURCES LTD. (News - Market indicators)(PINK SHEETS:CPSJF) ("Capella" or the "Company") is pleased to announce that it has entered into agreements with International Mineral Resources ("IMR") and Roberto Alarcon Bittner ("Bittner") with respect to the buy-down of royalties on both the Lajitas and Nevada properties. The parties have terminated the agreement dated August 29, 2008, as announced on September 26, 2008, with respect to the option to reduce the royalty on the Lajitas property.

Lajitas Property

The Company, IMR and Bittner have entered into an agreement dated March 1, 2011 pursuant to which the royalty on the Lajitas property (the "Lajitas Royalty") will be permanently reduced from 5% to 2% by the Company paying to IMR and Bittner $300,000 cash, in equal amounts. Pursuant to the agreement, the Company has also been granted an option to reduce the Lajitas Royalty by an additional 1% by paying $2,000,000, such option to be exercised at any time.

Nevada Property

The above parties have entered into a second agreement dated March 1, 2011 pursuant to which the royalty on the Nevada property (the "Nevada Royalty") will be permanently reduced from 5% to 3% by the Company paying to IMR and Bittner $200,000 cash, in equal amounts. Pursuant to the agreement, the Company has also been granted an option to reduce the Nevada Royalty by up to 2%, in increments of 1%, by paying $1,000,000 per 1% reduction, up to a maximum of $2,000,000, such option to be exercised at any time.

The agreements are considered to be "related party transactions" as such term is defined by the policies of the TSX Venture Exchange (the "Exchange") as IMR is legally and beneficially owned by Richard L. Bachman, an officer and director of the Company.

Both agreements are subject to the approval of the Exchange.

CAPELLA RESOURCES LTD.

Richard Bachman, Chief Executive Officer, President & Chief Geological Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Capella Resources Ltd.
Mike McCleave
902.468.8280 Toll Free: 1.877.342.7474
902.468.8448 (FAX)
info@capellaresources.com
www.capellaresources.com

Capella Resources Ltd.

PRODUCER
CODE : KPS.V
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Capella Res. is a silver and gold exploration company based in Canada.

Capella Res. holds various exploration projects in Chile.

Its main asset in production is MARICUNGA in Chile and its main exploration properties are TINTON, NEVADA and LAJITAS in Chile and HARVEY in Canada.

Capella Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.5 millions as of today (US$ 2.5 millions, € 1.9 millions).

Its stock quote reached its lowest recent point on September 12, 2003 at CA$ 0.01, and its highest recent level on September 08, 2006 at CA$ 9.90.

Capella Res. has 81 975 000 shares outstanding.

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Project news of Capella Resources Ltd.
6/22/2010(Nevada)Reports on Trench Sampling
5/11/2010(Lajitas)Updates Drill Results
1/29/2010(Lajitas)Intersects 318 Meters of Gold at .68 g/t on its Lajitas Proj...
Corporate news of Capella Resources Ltd.
7/20/2011Announces Memorandum of Understanding
6/22/2011Identifies New Copper-Gold Porphyry Targets on its Peru Prop...
6/9/2011(Lajitas)Discovers Two New Mineralization Zones at Lajitas
6/1/2011Announces Airborne Geophysical Survey at El Rojo and Habaner...
3/16/2011Announces Royalty Reduction Agreements
2/24/2011AM Gold and Capella Announce Termination of Letter of Intent
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