Aquila Resources Inc.
FRANKFURT : JM4A
TSX : AQA

Aquila Resources Inc.

February 21, 2008 08:00 ET

Aquila Continues to Expand Copper and Zinc-Rich Pinwheel Massive Sulfides

Results Include 103.2 Meters of 0.71% Copper including 14.67 Meters of 2.34% Copper Significant Gold, Silver Results also Reported

TORONTO, ONTARIO--(Marketwire - Feb. 21, 2008) - AQUILA RESOURCES INC. (TSX:AQA)(FRANKFURT:JM4A) ("Aquila" or the "Company") today released results from eight additional drill holes targeting extensions of the Pinwheel massive sulfide at the Back Forty Project in the Upper Peninsula of Michigan. In addition to thick copper-rich massive sulfide intercepts, gossan, zinc-rich lenses, and copper rich stringers were encountered. The continuity of the Pinwheel mineralization, as well as high grade intercepts defined below, are expected to positively affect new resource calculations expected later this year.

Highlights Include:

- 103.27 meters of 0.72% copper including 14.67 meters 2.34% copper within massive and semi-massive sulfides in LK-230PE

- 3.2 meters of 6.75% zinc and 0.3% copper in massive sulfide in LK-240PE

- 19.76 meters of 0.71% copper in semi-massive and stringer sulfides encountered in LK-224PE

- 7.08 meters of 3.19 grams per tonne (g/t) gold and 0.3% copper in a package of rhyolite, massive sulfide, and gossan in LK-242PE

- 9 meters of 7.72% zinc within massive sulfides in LK-231PE

- 2.4 meters of 5.62 g/t gold and 0.45% copper within gossan in LK-233PE



More detailed results from these drill holes are shown in the table below.

----------------------------------------------------------------------------
All
Intervals
in
Meters Est.
--------------------- True g/t g/t % % %
Hole # From To Width Au Ag Cu Pb Zn Description
----------------------------------------------------------------------------
LK-224PE 50.0 51.5 1.5(i) 6.14 14.91 0.08 0.04 0.80 Felsic dike
105.0 107.5 1.9 1.29 14.60 1.12 0.12 0.07 Semi-massive
sulfides
193.8 201.0 7.0 1.50 16.18 0.12 0.17 0.28 S. limb massive
sulfide
316.0 367.3 51.3(i) 0.36 4.23 0.36 0.04 0.03 Stringer sulfides
Including 347.5 367.3 19.8(i) 0.53 6.91 0.71 0.05 0.04 Stringer sulfides
378.0 400.8 22.8(i) 0.32 2.71 0.38 0.05 0.05 Stringer sulfides
----------------------------------------------------------------------------
LK-228PE 48.6 50.0 1.4(i) 4.18 4.17 0.01 0.01 0.01 Felsic dike
55.4 57.8 2.3 1.96 22.62 0.55 0.21 0.11 Pinwheel massive
sulfide
70.9 72.7 1.4 2.13 14.99 0.68 0.14 0.10 Pinwheel massive
sulfides
----------------------------------------------------------------------------
LK-230PE 55.1 158.4 103.3(i) 0.14 11.68 0.72 0.13 0.34 Pinwheel massive
sulfides
Including 138.0 152.7 14.7(i) 0.26 30.13 2.34 0.13 0.08 Pinwheel massive
sulfide
----------------------------------------------------------------------------
LK-231PE 56.1 88.4 32.3(i) 0.06 8.33 0.18 0.11 3.00 Pinwheel massive
sulfide
Including 74.0 83.0 9(i) 0.07 9.87 0.16 0.10 7.72 Pinwheel massive
sulfide
----------------------------------------------------------------------------
LK-233PE 30.2 62.4 10.3 2.11 25.00 0.26 0.20 0.05 Pinwheel gossan
Including 48.0 55.5 2.4 5.62 39.21 0.45 0.17 0.03 Pinwheel gossan
66.6 69.0 0.8 1.80 176.22 0.29 0.08 0.01 Pinwheel gossan
70.5 77.6 7.2(i) 1.13 9.72 0.47 0.08 0.29 Stringer sulfides
----------------------------------------------------------------------------
LK-234PE 103.7 152.4 10.3 0.89 8.36 0.29 0.15 2.64 Pinwheel massive
sulfide
Including 136.5 142.5 1.3 1.12 9.79 0.26 0.13 7.44 Pinwheel massive
sulfide
And 142.5 152.4 2.1 1.07 12.78 0.74 0.15 0.54 Pinwheel massive
sulfide
----------------------------------------------------------------------------
LK-240PE 21.1 24.6 3.2 0.37 47.14 0.30 0.95 6.75 Pinwheel massive
sulfide
25.7 26.2 0.5 1.87 856.84 0.16 0.27 0.09 Pinwheel gossan
----------------------------------------------------------------------------
LK-242PE 22.0 30.0 7.1 3.19 14.49 0.30 0.14 0.01 Rhyolite, massive
sulfide, gossan
----------------------------------------------------------------------------
(i)Drilled thickness, true thickness unknown


PINWHEEL MASSIVE SULFIDE EXPANSION

These latest drill results have successfully extended the southwest trending Pinwheel massive sulfides 115 meters from the last set of Pinwheel holes released on January 8, 2008. Large copper-rich massive sulfide intercepts, such as 103 meters of 0.72% copper in LK-230PE, significantly expand previously defined Pinwheel mineralization. Along with expanding copper mineralization, intercepts such as that encountered in LK-231PE with 9 meters of 7.72% zinc and 3.2 meters of 6.75% zinc in LK-240PE should increase the overall zinc grade of the Pinwheel Zone. Five more drill holes testing further southwest extension of this zone have been completed and are expected later in February. A map showing the latest drill holes, zone expansions and general information about Aquila and the exciting Back Forty Project are available on the company's website at www.aquilaresources.com.

Continued drilling at the project is directed at defining mineralization for inclusion in a new NI 43-101 resource later in 2008, and is focusing on delineation of gold and silver mineralization not included in the last resource, as well as expansion of the existing sulfide zones.

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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