Mr. Eric Roth of Capella reports

CAPELLA EXITS GOLD EXPLORATION AT SOUTHERN GOLD LINE, SWEDEN

Capella Minerals Ltd. has informed EMX Royalty Corp. of its intention to return seven gold exploration claims that constitute approximately 90 per cent (466 square kilometres) of the original Southern Gold Line property package in northern Sweden. However, Capella will retain a 100-per-cent interest in an eighth licence (Faboliden Sodra 103) covering an area of 44 square km and which is currently being explored for high-grade copper targets.

Eric Roth, Capella's president and chief executive officer, commented: "Capella's decision to cease gold exploration activities in the Southern Gold Line area is directly attributable to two factors. Firstly, the company will focus its Scandinavian exploration efforts on its portfolio of high-grade copper and battery metal projects in Norway and Finland (including the Lokken and Kjoli projects, which were also acquired from EMX). Secondly, Dragon Mining Ltd. (HK [Hong Kong]: 1712) recently announced that its environmental permit application for the commencement of full-scale gold mining at the adjacent Faboliden project has been rejected by the Swedish court. Considering the Faboliden decision, a prudent course of action for Capella would be to not continue investing in a project that does not currently have a clear path for obtaining permits for potential future development.

"Capella will, however, continue to retain exposure to gold exploration success through its two Canadian joint ventures -- Savant and Domain, which are operated by Prospector Metals Corp. (TSX-V [TSX Venture Exchange]: PPP) and Yamana Gold Inc. (TSX [Toronto Stock Exchange]: YRI), respectively -- as well as the Katajavaara-Aakenus project in Finland. I look forward to keeping the market informed on progress at all projects."

Qualified person and disclosure statement

The technical information in this news release relating to the Southern Gold Line project has been prepared in accordance with Canadian regulatory requirements set out in National Instrument (NI) 43-101, and approved by Mr. Roth, the company's president and chief executive officer, a director, and a qualified person under NI 43-101. Mr. Roth holds a PhD 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.

About 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 copper and battery metals projects. With respect to base and battery metals, the company's current focus is on (i) advancing its recently acquired Hessjogruva project and the adjacent Kongensgruve and Kjoli projects in the northern Roros copper mining district of central Norway, as well as (ii) the discovery of further high-grade VMS (volcanogenic massive sulphide) type deposits in a district-scale land position around the past-producing Lokken (Lokken Verk district) copper mine. The recent Perho reservation application in Finland covers part of the Erajarvi pegmatite field and is also expected to provide the company with exposure to new lithium, cesium and tantalum (LCT pegmatite) discoveries.

The company's precious metals focus is on the discovery of high-grade gold deposits on the Katajavaara-Aakenus JV (joint venture) in Finland and its active Canadian joint ventures with Prospector Metals Corp. at Savant (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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