Aquila Resources Inc.
FRANKFURT : JM4A
TSX : AQA

Aquila Resources Inc.

January 08, 2008 08:00 ET

Aquila Resources Inc.: Gold and Zinc Values Highlight Pinwheel Zone

TORONTO, ONTARIO--(Marketwire - Jan. 8, 2008) - AQUILA RESOURCES INC. (TSX:AQA)(FRANKFURT:JM4A) ("Aquila" or the "Company") today announced drill results from seven holes targeting expansion of the Pinwheel Zone massive sulfide at the Back Forty Project in Michigan's Upper Peninsula.

Step out drilling testing the down dip and southwest strike extension of the Pinwheel massive sulfide encountered multiple zones of zinc and copper bearing massive sulfides, as well as associated gold and copper bearing stringer sulfide mineralization. One hole was extended to depth, encountering deeper sulfide mineralization related to extensions of the Main Zone South Limb massive sulfide.

Highlights included 18 meters of 12.2% zinc including 5.3 meters of 25% zinc in massive sulfide, as well as significant gold mineralization including 2.2 meters of 15.1 grams/tonne (g/t) gold, 41.1 meters of 1.4 g/t gold and 3.2 meters of 12.1 g/t gold. Significant silver values were also encountered in all holes.

Results for another 15 holes testing an additional 300 meters of strike extension of the Pinwheel Zone along the Menominee River are pending and expected later in January.



Drill results are shown in the table below:

---------------------------------------------------------------------------
All
Intervals in
Meters Est.
------------ True g/T g/T % % % Descri-
Hole # From To Width Au Ag Cu Pb Zn ption
---------------------------------------------------------------------------
LK-194PE 32.1 57.5 18.0 0.68 49.81 0.38 1.32 12.20 Pinwheel
massive
sulfide
including 50.0 57.5 5.3 0.34 27.18 0.37 0.47 24.98 Pinwheel
massive
sulfide
---------------------------------------------------------------------------
LK-196PE 29.8 57.8 28.0 1.05 15.26 0.41 0.70 3.83 Pinwheel
massive
sulfide
including 29.8 35.5 5.8 0.60 33.81 0.36 3.14 14.04 Pinwheel
massive
sulfide
69.5 71.5 2.0(i) 3.84 24.11 0.26 0.13 0.55 Stringer
sulfides
---------------------------------------------------------------------------
LK-205PE 31.1 36.0 4.9(i) 0.25 20.28 0.27 0.81 10.42 Pinwheel
massive
sulfide
51.7 57.0 5.4(i) 2.38 31.04 1.14 0.14 1.23 Massive,
semi
massive
sulfide
71.0 74.0 3.0(i) 4.14 5.02 0.04 0.02 0.87 Stringer
sulfides
106.9 109.1 2.2(i) 15.12 96.85 0.09 0.28 0.32 Stringer
sulfides
110.6 138.0 22.0 1.13 16.15 0.43 0.17 0.29 Lower
Pinwheel
massive
sulfide
---------------------------------------------------------------------------
LK-206PE 51.0 53.8 2.8 1.72 31.95 0.67 0.12 0.06 Pinwheel
massive
sulfide
210.2 222.5 12.3(i) 1.59 15.52 0.17 0.21 0.36 Lower
Pinwheel
massive
sulfide
273.5 279.0 5.5(i) 6.32 248.51 0.29 1.24 0.48 Stringer
sulfides
306.0 313.7 7.7(i) 2.68 39.39 0.14 0.65 10.00 New South
Limb
massive
sulfide
---------------------------------------------------------------------------
LK-213PE 46.0 56.2 10.2 0.92 6.73 0.20 0.12 0.27 Pinwheel
massive
sulfide
441.5 444.5 3.0(i) 3.85 8.10 0.02 0.32 0.41 Stringer
sulfides
---------------------------------------------------------------------------
LK-216PE 57.5 79.1 12.5 1.14 9.66 0.13 0.14 0.42 Pinwheel
massive
sulfide
101.7 105.5 3.8(i) 1.53 12.66 0.41 0.07 0.34 Semi
massive
and
stringer
sulfides
---------------------------------------------------------------------------
LK-218PE 65.7 78.9 9.9 5.81 42.45 0.16 0.10 0.48 Massive
And
stringer
sulfides
including 68.2 72.5 3.2 12.09 67.54 0.11 0.12 0.35 Massive
and
stringer
sulfides
78.9 134.7 41.8 1.14 20.50 0.63 0.11 0.96 Pinwheel
massive
sulfide
including 78.9 83.4 3.3 1.00 13.38 0.32 0.11 8.04 Pinwheel
massive
sulfide
---------------------------------------------------------------------------
(i)Drilled thickness, true thickness unknown


These drill results are from two fans of holes oriented nearly east west, designed to intercept the westerly dipping Pinwheel and related stratigraphy at 20 to 30 meter spacing between holes, with individual fans spaced 30 meters apart, representing approximately 90 meters of expansion of the Pinwheel Zone along strike and greater than 125 meters down dip.

The extension of Pinwheel hole LK-206PE to depth encountered massive sulfide mineralization at 306 meters - an apparent up dip extension of the Main Zone South Limb. Five follow up holes have been drilled to date with results pending, to further define this area of potential South Limb expansion. Significant gold values (2.68 g/t) as well as zinc (10%) are associated with this developing horizon. A map showing the latest drill holes, zone expansions and general information about Aquila and the Back Forty Project are available on the company's website at www.aquilaresources.com.

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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