Aquila Resources Inc.

Aquila Resources Inc.

February 29, 2008 08:00 ET

Aquila Appoints New Director

TORONTO, ONTARIO--(Marketwire - Feb. 29, 2008) - AQUILA RESOURCES INC. (TSX:AQA)(FRANKFURT:JM4A) ("Aquila" or the "Company") today announced that Michael L. Surratt has been appointed to the Board of Directors of the Company. Currently, Mr. Surratt is the President and CEO of Mercator Minerals Inc., a copper and molybdenum producer in United States.

Prior to joining Mercator, Mr. Surratt was President and CEO of Aurex Resources and V.P. Operations and Director of Miramar Mining Corporation. Mr. Surratt has an extensive operating background serving as V.P. Operations, open pit mine manager, underground superintendent, as well as numerous other operating positions. Mr. Surratt holds a B.Sc. Geology, and is a member of the Prospectors and Developers Association of Canada.

"We welcome Mike Surratt to the Board of Aquila," said Thomas O. Quigley, President and CEO. "Mike brings a successful track record as a mine developer
and operator to the Aquila Board."

"I believe that the Back Forty Project is emerging as one of the top undeveloped VMS projects in North America and look forward to contributing to the development of Aquila," said Mr. Surratt.

Incentive Options

The Company has granted a total of 700,000 incentive stock options to a director and a management consultant to the Company, with an exercise price of $0.90 per common share, for a period of five years, with 350,000 of the incentive options subject to an 18 month timed escrow release, subject to regulatory approval.

About Aquila

Aquila Resources Inc. is actively advancing the Back Forty Project located in Menominee County, Michigan. The Back Forty Project is focused on a volcanogenic massive sulfide deposit containing significant quantities of zinc, copper, gold and silver with a measured and indicated resource of 6.6 million tonnes and an inferred resource of an additional 1.75 million tonnes. Since this resource was calculated in April of 2007, an additional 107 holes totalling more than 20,000 meters have been drilled, and these results will be incorporated into an updated 43-101 compliant resource.

Additional information about Aquila and the Back Forty Project are available on the company's website at

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.

Shares Outstanding: 70,109,478

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

Contact Information