Drills Ready to Turn on Norwegian Copper Mines and New Finnish Gold Target

• Capella Minerals focused on advancing Scandinavian gold and copper projects, with drilling planned to start soon.
• High-grade past-producing copper assets acquired in Norway, with nearby satellite deposits offering further upside.
• New low-cost gold-copper project added in highly prospective Finland territory.
• Funding sources include a potential sale of marketable securities, and warrant exercises if share price rises.
• Drilling has been seen as a key share price catalyst - permits progressing to enable drilling to start before year-end.

Scandinavian Promise: Drilling Approaches on Copper and Gold Projects

Capella Minerals has assembled a portfolio of high-quality precious and base metal exploration assets across Scandinavia. With drilling permits progressing on historic Norwegian copper mines and the recent addition of a sizable gold-copper project in Finland's Central Lapland belt, the company offers investors considerable leverage to potential near-term exploration success.

Advancing Past Producing Copper Mines in Norway

In Norway, Capella has acquired two previously producing high-grade copper projects - Lokken and Kjøli. As CEO Eric Roth commented, "These are old mining districts...a great combination of brownfields or near mine expiration plus greenfield's exploration." The focus is on expanding known mineralization at depth as well as testing satellite deposits in clusters around the old mines.

At Shoely specifically, Roth explained that systematic exploration has defined the "eight or ten...highest priority targets" which are now advancing through permitting. The plan includes initial drilling of around 5,000 meters to test these targets, to define a potential 10+ million tonne resource in a former +2% copper-producing district. Meanwhile, Lokken offers over 20 underexplored deposit targets providing substantial upside potential.

Major Land Position Secured in Finnish Gold Hotspot

This summer, Capella executed a low-cost deal to pick up promising gold-copper ground from Australian company Cullen Resources in Finland's emerging Central Lapland discovery hotspot. Roth believes the 200 sq km property is "a fantastic piece of crust, from a geological perspective." Surrounding an old mine, it hosts multiple documented mineral showings and is strategically positioned near major discoveries like Rupert Resources' 4 million oz Ikkari deposit.

Initial exploration will comprise an airborne magnetic survey to map structures below cover, plus additional sampling to define targets. Roth sees exceptional discovery opportunities given most other world-class Precambrian gold belts have seen far more systematic exploration over the years. With drilling poised to start in Norway, plus a significant new source of discoveries added in Finland, Capella offers investors strong leverage among small-cap resource explorers.

Avoiding Dilution through Multiple Funding Avenues

Given challenging market conditions, avoiding dilution is a top priority for Capella to maximize shareholder value. With copper projects advancing rapidly to the drilling stage, Roth considers the current C$15M market valuation "very cheap for the portfolio we have." The company is pursuing non-dilutive sources of funding first, including the potential sale of marketable securities held and warrant exercise incentives if the share price increases sufficiently.

Roth stresses that "the last thing we want to do is dilute shareholders." However, he remains confident in the discovery potential and systematic exploration advantage of their Scandinavian project portfolio. With drilling approaching, investors have the opportunity to position ahead of imminent catalysts at an attractive entry valuation.

The Investment Thesis for Capella Minerals

• Trading at just C$15M valuation with drill-ready high-grade copper and gold projects
• Initial 5,000m copper drilling fully funded through non-dilutive avenues
• Additional targets offer considerable discovery upside potential
• Strategic 200 sq km land package added in emerging Finnish gold hotspot
• Avoiding dilution maximizes investment value pre-discovery

With drilling set to commence on historic Norwegian mines plus huge prospective gold-copper ground added in Finland's most exciting new exploration neighborhood, Capella offers investors tremendous leverage. Avoiding dilution ahead of these potential imminent high-impact catalysts makes current valuations very attractive.

Between advancing permitting on historic copper mines in Norway and acquiring a major foothold in Finland's blossoming gold exploration hotspot, Capella Minerals has positioned itself to deliver outsized returns for early-stage investors. The experienced team's commitment to systematic exploration while averting dilution provides confidence that shareholder value will remain a priority. With drills slated to start turning within months, the company offers substantial resource upside potential trading at just a C$15M valuation ahead of these impending catalysts.