Capella Announces Closing of Private Placement

VANCOUVER--(Business Wire)--
CAPELLA RESOURCES LTD. (TSX-V: KPS) ("Capella" or the "Company") is pleased to
announce that further to the Company`s news release of March 4, 2009, the
Company has now closed a private placement of 12,933,330units (the "Units") at a
price of $0.06 per Unit for a gross proceeds of $776,000 (the "Offering"). Each
Unit consists of one common share of the Company (a "Share") and one share
purchase warrant (a "Warrant") exercisable on or before March 20, 2011 at a
price of $0.15 per Share.

The Company paid a Finder`s Fee (the "Finder`s Fee") to Varo Capital Corp. (the
"Finder") in the amount of 582,000 Shares (the "Finder`s Shares") at a deemed
price of $0.08 per Share. The Finder`s Fee represents 6% of the total dollar
value of Units subscribed for by investors introduced by the Finder to the
Company.

All Shares issued under the Offering together with the Finder`s Shares and any
Shares issuable on the exercise of the Warrants have a hold period expiring July
21, 2009. The proceeds from the Offering will be used for general corporate
working capital and to fund the development of the Company`s Lajitas and Nevada
gold-copper properties located in the Maricunga Gold and Copper District and
approximately 700 kilometres northwest of Santiago, Chile.

About Capella Resources Ltd.

Capella Resources Ltd. is a publicly traded, junior exploration and mineral
development company with a strong portfolio of precious and base metal projects
in Chile, USA and Atlantic Canada. The Company has a 100% interest in the
Lajitas and Nevada gold-copper properties located in the Maricunga Gold and
Copper District and approximately 700 kilometres northwest of Santiago, Chile.
The properties comprise ten exploration claims and six exploitation claims
totalling a cumulative 3,500 hectares in area. The Company holds a 100% interest
in the Tinton Gold Project located 15 kilometres west-northwest of the famous
and historic Homestake Mine in the Black Hills at Lead, South Dakota. The Tinton
property consists of 1,270 hectares contained in 157 unpatented mining claims.

The Company also holds over 24,750 mineral exploration claims covering an
aggregate land area of over 1.04 million acres (422,800 hectares) in Atlantic
Canada (Nova Scotia, New Brunswick and Newfoundland and Labrador).

CAPELLA RESOURCES LTD.
per: "Richard Bachman"
Richard Bachman, Chief Executive Officer, President & Chief Geological Officer

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

This news 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.

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

Capella Resources Ltd.
Diane Webber, P. Geo, 902-456-4349
Toll Free: 1-877-342-7474
info@capellaresources.com

Copyright Business Wire 2009