Aquila Resources Inc.
TSX VENTURE : AQA
FRANKFURT : JM4A

Aquila Resources Inc.

December 20, 2006 01:00 ET

Aquila Drills 23.9 Meters 1.98% Copper and 2.86% Zinc at the Pinwheel Zone and 32.3 Meters of 10.12% Zinc at the Main Zone Hinge

TORONTO, ONTARIO--(CCNMatthews - Dec. 20, 2006) - AQUILA RESOURCES INC. (TSX VENTURE:AQA)(FWB:JM4A) ("Aquila" or the "Company") today announced more high grade copper, zinc, gold and silver intercepts from the Pinwheel Zone plus thick zinc rich massive sulfide intercepts from the Main Zone Hinge at the Back Forty Project in the Upper Peninsula of Michigan.

Highlights include:

Pinwheel Zone:

- 23.9 meters estimated true thickness of 1.98% copper, 2.86% zinc.

- 34.0 meters estimated true thickness of 2.2 g/t gold, 1.55% copper.

- 46.9 meters estimated true thickness of 2.1 g/t gold, 0.72% copper.

Main Zone Hinge:

- 21.7 meters (true thickness not known) of 7.36 % zinc.

- 32.3 meters of 10.12% zinc estimated true thickness.

- 43.9 meters of 7.47% zinc estimated true thickness.



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

---------------------------------------------------------------------------
Pinwheel Drill Results
---------------------------------------------------------------------------
All
Intervals in
Meters
------------ Est.
True g/t g/t % % %
Hole # From To Width Au Ag Cu Pb Zn Description
---------------------------------------------------------------------------
LK-121P No Significant Values
---------------------------------------------------------------------------
LK-125P No Significant Values
---------------------------------------------------------------------------
LK-133P 10.3 36.2 23.9 0.8 31.8 1.98 0.02 2.86 Pinwheel massive
sulfide
---------------------------------------------------------------------------
includes 24.5 30.5 5.5 0.6 29.9 2.14 0.01 8.18 Pinwheel massive
sulfide
---------------------------------------------------------------------------
and 29.0 36.2 6.6 1.6 72.9 6.23 0.02 1.10 Pinwheel massive
sulfide
---------------------------------------------------------------------------
LK-134P No Significant Values
---------------------------------------------------------------------------
LK-136P 5.5 6.6 1.0 13.9 13.5 0.05 0.02 0.00 Pinwheel gossan
---------------------------------------------------------------------------
LK-137P No Significant Values
---------------------------------------------------------------------------
LK-139P 5.1 6.0 0.9 22.0 79.0 0.27 0.04 0.00 Pinwheel gossan
---------------------------------------------------------------------------
6.0 40.0 34.0 2.2 48.9 1.55 0.01 0.14 Pinwheel massive
sulfide
---------------------------------------------------------------------------
includes 6.0 13.5 7.5 2.9 134.0 3.31 0.01 0.02 Pinwheel massive
sulfide
---------------------------------------------------------------------------
LK-141P 14.1 61.0 46.9 2.1 22.5 0.72 0.02 0.25 Pinwheel massive
and stringer
sulfide
---------------------------------------------------------------------------



---------------------------------------------------------------------------
Main Zone Hinge Drill Results
---------------------------------------------------------------------------
All
Intervals in
Meters
------------ Est.
True g/t g/t % % %
Hole # From To Width Au Ag Cu Pb Zn Description
---------------------------------------------------------------------------
LK-126P 78.7 82.0 3.4(i) 1.1 19.3 0.40 0.06 1.55 Main zone hinge
massive sulfide
---------------------------------------------------------------------------
LK-132P 134.7 156.4 21.7(i) 0.7 27.1 0.37 0.53 7.36 Main zone hinge
massive sulfide
---------------------------------------------------------------------------
includes 146.7 152.7 6.0(i) 0.7 55.8 0.13 1.75 17.85 Main zone hinge
massive sulfide
---------------------------------------------------------------------------
LK-140P 130.4 135.4 5.0(i) 0.9 13.1 0.21 0.02 2.05 Main zone hinge
massive sulfide
---------------------------------------------------------------------------
LK-142 No Significant Values Main zone hinge
massive sulfide
---------------------------------------------------------------------------
LK-146 47.6 79.9 32.3 1.1 6.0 0.07 0.03 10.12 Main zone hinge
massive sulfide
---------------------------------------------------------------------------
includes 62.5 79.9 17.4 1.7 8.1 0.11 0.05 13.91 Main zone hinge
massive sulfide
---------------------------------------------------------------------------
LK-147 115.9 159.9 43.9 0.8 8.7 0.06 0.02 7.47 Main zone hinge
massive sulfide
---------------------------------------------------------------------------
(i) drilled thickness, true width not known


Drill results from the Pinwheel Zone continue to produce significant copper and zinc grades from thick intercepts of near surface massive sulfides. Holes with no significant values are the result of defining the southern and eastern edges of the Pinwheel Zone. Nearly flat lying Pinwheel massive sulfides and gossan have been defined over a 130 by 80 meter area open to the west and northwest and with results still pending to the southwest.

Results from the Main Zone Hinge are also impressive with estimated true thicknesses of 43.9 meters of 7.47% zinc and 32.3 meters of 10.12% zinc. The Main Zone Hinge represents the thickened fold hinge of the plunging Main Zone massive sulfide and is an important connection between the near surface East and Pinwheel zones.

Results from drilling completed in 2006 are being incorporated into an updated database and geologic model, which will form the basis for an updated 43-101 compliant resource estimate to be released as soon as possible in 2007.

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 and blanks 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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