Capella Minerals Ltd. (TSXV: CMIL) (OTCQB: CMILF) (FRA:N7D2) (the “Company” or “Capella”) is pleased to report that it has completed a 4,000-line km high-resolution drone magnetic survey over the Katajavaara-Aakenus project in northern Finland. Interpretation of the data derived from this survey is well underway, with the Company’s focus being the evaluation of potential extensions to Outokumpu Oy’s former Saattopora gold-copper mining operation and the significant historical gold-copper Bottom of Till (“BoT”) geochemical anomalies generated by AngloAmerican in the Killero area.

The Katajavaara-Aakenus project is located along the Sirkka Thrust, a well-mineralized regional structural corridor that hosts numerous recent discoveries such as Rupert Resources’ Ikkari and Aurion Resources’ Helmi projects1. Capella currently holds a 70% interest in the Katajavaara-Aakenus Joint Venture (“JV”), in accordance with the agreement signed with ASX-listed Cullen Resources Ltd (ASX: CUL)(“Cullen”) and announced by the Company on August 24, 2021. 

Eric Roth, Capella’s President and CEO, commented: “The high-resolution drone magnetic data has greatly improved our understanding of the geological controls on known gold-copper occurrences and “bottom of till” anomalies at Katajavaara-Aakenus. We look forward to completing the interpretation of these data, with a view to then rapidly prioritizing areas for conversion to full exploration licences and then moving down the path to discovery drilling. I look forward to keeping markets informed on our progress.”     Priority Targets Defined on the Katajavaara-Aakenus Project

Six priority target areas have been delineated from the high-resolution drone magnetic survey:

Capella’s expected work program for Katajavaara-Aakenus includes:  

Qualified Persons and Disclosure Statement

The technical information in this news release relating to the Katajavaara-Aakenus gold-copper project has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101, and approved by Eric Roth, the Company’s President & CEO, a Director, and a Qualified Person under NI 43-101.  Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has 30 years of experience in international minerals exploration and mining project evaluation.

On Behalf of the Board of Capella Minerals Ltd.

Eric Roth, Ph.D., FAusIMM President & CEOAbout Capella Minerals Ltd

Capella is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and copper(-zinc-cobalt) deposits. The Company’s copper(-zinc-cobalt) focus is currently on i) the advancement of the recently-acquired, resource-stage Hessjøgruva copper-zinc-cobalt project in central Norway and ii) the discovery of high-grade VMS-type deposits within 100%-owned, district-scale land positions around the past-producing Løkken and Kjøli copper mines.

The Company’s precious metals focus is on the discovery of high-grade gold deposits on the Katajavaara-Aakenus JV in Finland, its 100%-owned Southern Gold Line Project in Sweden, and its active Canadian Joint Ventures with Prospector Metals Corp (TSXV: PPP) at Savant Lake (Ontario) and Yamana Gold Inc. at Domain (Manitoba). The Company also retains a residual interest (subject to an option to purchase agreement with Austral Gold Ltd) in the Sierra Blanca gold-silver divestiture in Santa Cruz, Argentina.

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