Pursuant to the agreement, Capella will issue 1 share of Capella for each 1.5 outstanding common shares of Tripple Uranium outstanding on the closing date of the transaction. The foregoing transaction is subject to all requisite regulatory approvals and approval of the shareholders of Capella and Tripple Uranium as may be required. Closing is expected to occur on or before May 30, 2007.

Tripple Uranium Resources currently holds approximately 19,000 mineral claims located in Labrador, Newfoundland, Nova Scotia and New Brunswick. These claims represent approximately 1.1 million acres of land or approximately 1720 square miles.

R.A. Bruce McDonald, Chairman of the Board of Capella stated, "These claims and the transaction with Tripple represent a significant step forward in the development of the Company and the package of exploration projects that it currently has. The management of Tripple Uranium and their experience in Eastern Canada will be an asset to the ongoing operations of the Company." -- www.cnxmarketlink.com