Capella Resources Ltd TSX.V: KPS December 15, 2009

Premier Gold Properties - Chile Lajitas and Nevada Gold-Copper Projects 100% owned by Capella Combined 3500 hectare landholding Located on the world-renown Maricunga Gold-Copper Belt – host to 70 million ounces of gold Capella claim positions strategically located next to Kinross & Exeter Completed geophysical surveys, RC & Core Drilling Potential for Large, high potential, priority targets established Currently Drilling at Lajitas & plans for drilling at Nevada

Maricunga Gold-Copper District - Chile Porphyry gold stockwork systems Belt hosts 10 major deposits Combined gold resources in the belt – more than 70 million ounces Au Capella 100% owns Lajitas & Nevada Projects La Coipa Marte-Lobo Chile La Pepa Lajitas Volcan Maricunga Mine Argentina Nevada Caspiche Cerro Casale

Lajitas Gold Project Chile Capella RC & Core Drilling, 2006 & 2008 -261 metres @ 0.91 g/t Au -192 metres @ 0.72 g/t Au - 116 metres @0.88 g/t Au - 92 metres @ 0.95 g/t Au - 72 metres @ 0.70 g/t Au - 78 metres @ 0.60 g/t Au Two of seven holes drilled ended in mineralization Gold Resource 350k oz Current Drilling

Lajitas Drilling – Hole LJ-11 483m Oxide/Sulphide 375m ) 261m @0.91 g/t Gold 33m @ 0.15% Copper Drill Hole LJ 11 intersected 261m @0.91 g/t gold, the best gold intersection to date & first significant copper mineralization noted on the project

Nevada Gold Property - Chile Common Boundary with Exeter’s Caspiche Project to the south Kinross Maricunga Mine to the north – 260K oz Au/y Maricunga Mine Heap Leach Facility

Management Richard Bachman, BSc, CPG, President & CEO, Director – Geologist and Geological Engineer with 29 years international and domestic mining and mineral exploration experience – includes 22 years with Homestake Gerald Aberle, BSc, Vice President Operations - Mining Engineer with 29 years of surface and underground mine operations experience – includes 22 years with Homestake Robert B. Ellis, MSc, BSc, Director – President of Ellis Geophysical Consulting, practicing geophysicist with 34 years experience – include 10 years consulting with Homestake Dr. Michael P. Terry, PhD, MSc, BSc, Director – Associate Professor of Geology and Geological Engineering at South Dakota School of Mines & Technology with 20 years geological research and mineral exploration experience – includes 5 years with Homestake Rony A. Zimerman, LLB, BA, Director – Canadian and Chilean lawyer focused on international and domestic commercial transactions, mergers, acquisitions, financings and corporate and commercial law with 15 years experience

Share Structure & Financials Shares Outstanding: 43,309,420 Shares Fully Diluted: 67,907,821 Options/Warrants: 24,598,401 Current Price: .445 52 Week High/Low: 1.70/.03 3 mo daily volume: 90,000 Cash on Hand: $3 million Monthly Burn Rate: $75k While drilling: $400 k 2008 Revenue: Nil Projected 2009 Revenue: Nil Management Ownership: 7 %

1-Year Stock Chart

Calendar of Catalysts Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec X Jan/Feb: news on Lajitas gold program drilling results Mar: more news on Lajitas drilling & drilling starts on Nevada gold project May: news on Nevada gold program drilling results

Why Invest Now? Premier Gold Properties in World Class District Experienced Management Currently Drilling & News about to come out High Gold Price increasing investor interest Value – Relatively Low Market Cap Pipeline of Great Properties

Contact Contact: Mr. Graham Johnstone TSX: KPS Website: www.capellaresources.com Address: Suite 1980, 1075 W. Georgia St. Vancouver BC Phone: Tel: 778.331.2023 Phone: Toll Free: 1.877.321.7474 Email: info@capellaresources.com TSX: KPS