February 20, 2007

News Release: Capella Resources Ltd. Enters Into an Agreement to Acquire Tripple Uranium Resources

CAPELLA RESOURCES LTD. (TSX VENTURE:CPS) (\"Capella\" or the \"Company\") is pleased to announce that the Company has entered into an agreement in principal for the acquisition of all of the issued and outstanding shares of Tripple Uranium Resources (\"Tripple Uranium\"), a mineral exploration company primarily engaged in the exploration of uranium prospects.

Tripple Uranium holds title to approximately 10,000 claims in Labrador, Newfoundland, New Brunswick and Nova Scotia. The acquisition is subject to customary conditions, including the negotiation and execution of a definitive agreement, satisfactory review of a National Instrument 43-101 report, associated regulatory approvals, review of audited financials of Tripple Uranium and verification of title to all claims. For purposes of the Company\'s due diligence, the required National Instrument 43-101 report is being completed by Denis F. Walsh (B.Sc., P. Geo., F.G.A.C.). Mr. Walsh was commissioned by National Resource Canada/Canmet to calculate uranium reserves in Canadian deposits and reported the results to the Departmental Uranium Resource Investment Committee. He also coordinated the design and production of properties available for option in Newfoundland and Labrador for the Chamber of Commerce.

The Company also announces that it has granted incentive stock options to certain Directors and Officers of the Company to purchase up to 118,000 common shares in the capital stock of the Company pursuant to a shareholder approved Stock Option Plan. The options are exercisable on or before February 1, 2012 at an exercise price equal to the market price on the date of grant.

Additionally, Mr. Donald Pepper has resigned as a Director of the Company and Mr. Ian McDonald has been appointed a Director to fill the vacancy created by Mr. Pepper\'s resignation.

Further details of the acquisition will be made available upon completion of the agreement and subject to TSX and 43-101 submissions.

For further information, please contact Skyline Investor Relations at Toll Free 1-866-433-3356 or 604-733-3356 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

CAPELLA RESOURCES LTD.

Per: R.A. \"Bruce McDonald\"

R.A. Bruce McDonald, Chairman of the Board

Not for distribution to the United States newswire services or for dissemination in the United States. www.capellaresources.com

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

\"The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.\"

SOURCE: Capella Resources Ltd.

Skyline Investor Relations Shawn Perger, 1-866-433-3356 or 604-733-3356 This email address is being protected from spambots. You need JavaScript enabled to view it.

WEBSITE EMAIL