Aquila Resources Inc.
TSX VENTURE : AQA
FRANKFURT : JM4A

Aquila Resources Inc.

December 29, 2006 16:00 ET

Aquila Announces Change to Board of Directors

TORONTO, ONTARIO--(CCNMatthews - Dec. 29, 2006) - AQUILA RESOURCES INC. (TSX VENTURE:AQA)(FRANKFURT:JM4A) ("Aquila" or the "Company") announces that Ken Lapierre has resigned from the board of directors of Aquila Resources Inc. Mr. Lapierre was a member of the board since Aquila became a public company as a result of a reverse takeover of JML Resources in May of 2006, and has elected to resign to focus on other interests. "Ken was an important early stage contributor to Aquila's board and his input will be missed. We wish him the best of luck in his future endeavours" stated Tom Quigley, Aquila's President and CEO.

About Aquila

Aquila is a mineral exploration company controlling approximately 10,000 acres of mineral and surface rights at the Back Forty Project located in Menominee County, Michigan. Control of mineral interests is 100% by way of mining leases, options to purchase, and ownership of surface and mineral estates subject to underlying royalty interests and applicable minority interests. Exploration at the project has identified massive sulphide and gold mineralization in a highly altered sequence of felsic volcanics, pyroclastic rocks and intrusive porphyries. An evaluation of the project, including a summary or previous work, is contained in a technical report dated August 17, 2005 by DeMatties and Munroe, Geological Consultants. The report is filed at www.sedar.com.

ON BEHALF OF THE BOARD

Thomas O. Quigley, President and CEO

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.

This News Release is not for dissemination in the United States or to any United States News Services. The common shares of Aquila have not and will not be registered under the United States Securities Act of 1933, as amended, (the "US Securities Act") or any state's securities laws and may not be offered or sold in the United States or to any US person except in certain transaction exempt from the registration requirements of the US Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to purchase securities in the United States.

Shares Outstanding: 68,952,144

The TSX Venture Exchange has not reviewed and does not accept responsibility for the contents of this release.

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