Aquila Resources Inc.
FRANKFURT : JM4A
TSX : AQA

Aquila Resources Inc.

December 05, 2007 08:30 ET

Aquila Resources Inc.: Drilling at Back Forty Continues to Yield High Grade Gold and Zinc Intercepts

TORONTO, ONTARIO--(Marketwire - Dec. 5, 2007) - AQUILA RESOURCES INC. (TSX:AQA)(FRANKFURT:JM4A)("Aquila" or the "Company") today announced additional results from infill drilling on the Hinge Zone and step out drilling on the South Limb massive sulfide zones.

Highlights include:

- 7.5 meters of 6.09 g/t gold and 82.35 g/t silver in LK-207

- 6.0 meters of 20% zinc and 3.5 meters of 9.3 g/t gold and 324 g/t silver in LK-195

- 9.0 meters of 14.13% zinc in LK-186

- 6.6 meters of 8.07% zinc and 11.5 meters 2.6 g/t gold in LK-197

- 24.0 meters of 8.31% zinc and 1.6 g/t gold in LK-190



Significant intercepts from this drilling are summarized below.

------------------------------------------------------------
All Intervals
in Meters Est. g/T g/T % % %
---------------------- True ----------------------------
Hole # From To Width Au Ag Cu Pb Zn Description
---------------------------------------------------------------------------

LK-184 256.5 261.0 4.5 1.59 40.22 0.26 0.16 2.97 Siliceous
rhyolite
crystal tuff

including 256.5 257.5 1.0 0.35 45.52 0.17 0.28 12.50 Massive
sulfide,
probably
South Limb
---------------------------------------------------------------------------

LK-186 156.0 166.7 10.7 0.28 10.61 0.10 0.12 5.99 Hinge massive
sulfide

221.0 235.5 9.0 0.66 13.04 0.26 0.18 14.13 South Limb
massive
sulfide

253.5 256.5 3.0 4.44 73.87 0.12 1.52 0.38 Siliceous
(i) rhyolite
crystal tuff

282.5 311.0 28.5 0.72 4.81 0.04 0.25 5.21 Sulfide
(i) stringer
---------------------------------------------------------------------------

LK-190 144.4 174.6 24.0 1.60 15.83 0.17 0.10 8.31 Hinge massive
sulfide
---------------------------------------------------------------------------

LK-192 173.3 174.0 0.7 0.80 13.10 0.18 0.04 15.60 Hinge zone
massive
sulfide

178.2 181.3 2.5 3.67 19.10 0.56 0.08 0.05 Hinge zone
massive
sulfide

220.0 244.0 24.0 0.40 4.16 0.33 0.01 0.02 Sulfide
(i) stringer
---------------------------------------------------------------------------

LK-193 No significant values
---------------------------------------------------------------------------

LK-195 159.5 162 2.5 9.7 89.3 0.06 0.56 0.48 Quartz
(i) feldspar
porphyry
-------------

169.9 173.43 3.53 9.3 324.7 0.11 2.84 0.33 Porphyry
(i) margin
-------------

180.22 190.23 6.0 0.80 11.8 0.16 0.05 20.02 South Limb
massive
sulfide
-------------

LK-197 143.28 151.46 6.6 1.6 20.9 0.38 0.06 8.07 Hinge zone
massive
sulfide
-------------

151.46 165.83 11.5 2.6 23.1 0.53 0.05 0.15 Hinge zone
massive
sulfide
-------------

includ-
ing 151.46 159 6.0 3.6 24.3 0.73 0.05 0.23
-------------

LK-201 148.5 151.0 2.5 7.05 91.76 0.11 1.19 0.10 Rhyolite
(i) crystal tuff

153.0 162.1 9.2 0.89 24.09 0.24 0.56 9.43 Hinge zone
massive
sulfide
-------------

LK-207 135.6 148.0 7.5 6.09 82.35 0.11 0.64 3.33 South Limb
massive
sulfide

including 135.6 141.9 3.8 9.03 149.78 0.11 1.17 5.31
---------------------------------------------------------------------------

(i) True width not estimated


Drill hole LK-207 represents a significant expansion the South Limb massive sulfide and for the first time a possible fold closure with the Hinge zone. Drilled in a gap in previous testing along the axis of the central fold, LK-207 intersected the South Limb 50 meters up-dip from previous intercepts.

LK-184 was a test of the western deep extension of the South Limb. The narrow, but rich, intercept (12.5% zinc) is considered an encouraging near miss of the South Limb since the thickness of massive sulfides at Back Forty can change greatly over short distances.

The remaining drill holes are important in-fill intercepts on the Hinge and South Limb zones drilled on sections with relatively little information compared to other sections. These holes verify the robustness of the two massive sulfide zones.

Three drills are currently targeting more South Limb expansion as well as the 90 Gold Zone where step out holes continue to encounter altered, silicified sediments characteristic of this near surface, gold mineralized zone. Ongoing drilling will focus on delineation of this and other near surface gold mineralization as well as definition of expanded massive sulfide zones with the goal of adequate definition for inclusion in an updated resource calculation.

Metallurgical testwork is progressing and preliminary mine modeling for near surface portions of the existing resource is underway, as are environmental studies in the potential development area.

An up to date plan map of completed and pending holes is available on the company's website at http://www.aquilaresources.com/projects.php#map.

Sample preparation and analyses for this release were conducted by Accurassay Labs in Thunder Bay, Ontario on split drill core supplied by Aquila. Standards were inserted in the sample sequences with check assays and re-run's routinely conducted. Tom Quigley, P.Geo., and President of Aquila is the Qualified Person as described in National Instrument 43-101 for the Back Forty Project and is responsible for the content of this press release.

Certain information regarding the Company contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. The securities being offered have not and will not be registered in the United States under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws, and may not be offered or sold within the United States or to or for the account of benefit of U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to purchase securities in the United States.

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