Capella Resources Ltd

December 15, 2009

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TSX.V: KPS

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

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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

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Lajitas

Nevada

Caspiche

Maricunga Mine

Marte-Lobo

Volcan

La Pepa

La Coipa

Cerro Casale

Argentina

Chile

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

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Gold Resource350k oz

CurrentDrilling

Lajitas Drilling – Hole LJ-11

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

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483m

Oxide/Sulphide375m

)

261m @0.91 g/t Gold

33m @ 0.15% Copper

Nevada Gold Property - Chile

•Common Boundary with Exeter’s Caspiche Project to the south•Kinross Maricunga Mine to the north – 260K oz Au/y

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Maricunga Mine Heap Leach Facility

Managemento 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

o Gerald Aberle, BSc, Vice President Operations - Mining Engineer with 29 years of surface and underground mine operations experience – includes 22 years with Homestake

o Robert B. Ellis, MSc, BSc, Director – President of Ellis Geophysical Consulting, practicing geophysicist with 34 years experience – include 10 years consulting with Homestake

o 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

o 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

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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

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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

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Calendar of Catalysts

Jan/Feb: news on Lajitas gold program drilling resultsMar: more news on Lajitas drilling & drilling starts

on Nevada gold projectMay: news on Nevada gold program drilling results

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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

X X X X

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

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Contact

Contact: Mr. Graham JohnstoneWebsite: www.capellaresources.comAddress: Suite 1980, 1075 W. Georgia St.

Vancouver BCPhone: Tel: 778.331.2023Phone: Toll Free: 1.877.321.7474 Email: info@capellaresources.com

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TSX: KPS