Aquila Resources Inc.
FRANKFURT : JM4A
TSX : AQA

Aquila Resources Inc.

June 16, 2008 08:00 ET

Aquila Resources Inc.: Back Forty Drill Results Expand Pinwheel and Tuff Zone

TORONTO, ONTARIO--(Marketwire - June 16, 2008) - AQUILA RESOURCES INC. (TSX:AQA)(FRANKFURT:JM4A) ("Aquila" or the "Company") released results from an additional 14 drill holes of base and precious metal mineralization at the Back Forty Project in Michigan's Upper Peninsula. The holes are part of an ongoing program of definition and expansion of a 43-101 compliant measured and indicated resource of 6.6 million tonnes of massive and stringer sulfides grading 2.3 grams/tonne (g/t) gold, 28.8 g/t silver, 5.3% zinc and 0.5% copper completed in March 2007. An updated resource incorporating results from 170 additional drill holes is expected to be completed this summer and will include significant expansion of identified sulfide mineralization as well as definition of peripheral precious metal mineralization.

The results reported below are from holes targeting the Pinwheel and Tuff Zone massive sulfide lenses, and include significant expansions of both zones. Drilling also encountered associated precious metal zones, and other massive and stringer sulfide mineralization. Expansions include a 150 meter strike extension of previously released Pinwheel intercepts, as well as a 30 meter down dip extension of the Tuff Zone. Highlights include:

Pinwheel Zone massive sulfide

- 16.2 meters of 8.67% zinc and 0.51% copper

- 7.1 meters of 4.29 g/t gold and 235.04 g/t silver

Tuff Zone massive sulfide

- 3.2 meters of 21.7% zinc and 81.5 g/t silver

- 4.1 meters of 14.04 % zinc and 49.2 g/t silver

90 Gold Zone

- 5 meters of 4.17 g/t gold and 89.9 g/t silver

PM Gold Zone

- 0.71 meters of 5.93 g/t gold and 3,072.0 g/t silver

Complete results are tabulated below:



----------------------------------------------------------------------------
All Intervals
in Meters Est.
-------------------- True g/t g/t % % % Descrip- Zone
Hole # From To Width Au Ag Cu Pb Zn tion (ii)
----------------------------------------------------------------------------
Pinwheel
massive
LK-235PE 72.8 89.1 8.16 0.40 10.95 0.51 0.15 8.67 sulfides PW
Semi-
massive
89.1 95.0 2.96 2.13 23.56 0.78 0.33 0.34 sulfide PW
----------------------------------------------------------------------------
LK-236PE No significant values
----------------------------------------------------------------------------
LK-238PE No significant values
----------------------------------------------------------------------------
Rhyolite
crystal Un-
LK-245PE 57.8 59 1.5 2.13 3.83 0.00 0.01 0.24 tuff known
----------------------------------------------------------------------------
Pinwheel
massive
LK-246PE 36.4 43.5 4.66 0.44 13.81 0.05 0.27 3.70 sulfide PW
Rhyolite
crystal Un-
45.3 46.5 1.20(i) 4.89 45.07 0.08 0.41 0.24 tuff known
----------------------------------------------------------------------------
Rhyolite
crystal Un-
LK-293 45.5 48.5 3.00(i) 2.54 43.96 0.48 0.63 0.27 tuff known
Sulfide
String-
76.0 101.5 25.50(i) 0.23 1.93 0.10 0.24 1.41 ers PW
Rhyolite
crystal Un-
139.9 154.5 14.60(i) 0.28 11.49 0.05 0.66 1.37 tuff known
Rhyolite
crystal Un-
199.0 200.5 1.50(i) 2.56 42.47 0.14 0.41 0.64 tuff known
----------------------------------------------------------------------------
Rhyolite
crystal
and ash Un-
LK-300 26.0 33.3 7.34(i) 3.25 23.70 0.04 0.06 0.02 tuffs known
Rhyolite
Includ- crystal Un-
ing 26.0 28.4 2.37(i) 5.54 33.09 0.04 0.04 0.00 tuff known
Massive/
semi-
massive
59.2 65.3 6.13 1.51 15.58 0.20 0.20 4.75 sulfide PW
Sulfide
String-
142.5 154.5 12.00(i) 0.28 3.59 0.05 0.16 1.62 ers PW
Sulfide
String-
159.5 166.6 7.10(i) 4.29 235.04 0.22 1.45 0.71 ers PW
Includ- Fault Un-
ing 165.6 166.6 0.99(i) 20.31 1158.14 0.60 6.25 2.15 Zone known
----------------------------------------------------------------------------
Massive/
semi-
massive
LK-306 52.4 56.7 3.59 0.79 7.86 0.14 0.09 1.01 sulfide PW
----------------------------------------------------------------------------
Tuffa-
ceous
Sedi-
LK-258 83.5 86.5 2.52 1.73 11.53 0.00 0.07 0.17 ments 90
Tuff
Zone
massive
93.0 94.6 1.27 1.51 130.66 0.13 4.08 9.65 sulfide Tuff
----------------------------------------------------------------------------
Tuffa-
ceous
Sedi-
LK-265 70.5 73.5 2.64 1.15 14.56 0.01 0.09 0.25 ments 90
Tuff
Zone
massive
74.8 76.2 1.19 0.35 147.44 0.03 3.84 30.80 sulfide Tuff
Hinge
Zone
massive
176.0 179.0 3.00 0.49 21.52 0.22 0.16 8.56 sulfide Hinge
----------------------------------------------------------------------------
Quartz-
Feldspar
LK-284 137.0 138.2 0.97 1.58 133.04 0.01 0.44 0.05 Porphyry PM
Tuffa-
ceous
Sedi-
139.0 144.0 4.66 4.17 89.90 0.02 0.25 0.35 ments 90
Tuff
Zone
massive
160.2 163.5 3.06 0.70 81.51 0.03 4.64 21.71 sulfide Tuff
Tuffa-
ceous
Sedi-
163.5 165.5 1.92 1.29 30.61 0.06 0.55 1.24 ments 90
----------------------------------------------------------------------------
Quartz-
Feldspar
LK-285 122.5 123.3 0.71 5.93 3072.00 0.01 5.11 0.07 Porphyry PM
Tuff
Zone
massive
146.2 150.4 3.86 0.41 49.42 0.04 0.98 14.04 sulfide Tuff
Tuffa-
ceous
Sedi-
152.5 153.0 0.47 2.54 460.98 0.17 3.94 0.41 ments 90
Chlorite
altered
rhyolite
163.4 164.0 0.62 2.99 113.32 0.02 1.13 0.07 tuff 90?
----------------------------------------------------------------------------
Rhyolite
crystal Un-
LK-286 94.5 96.0 1.50(i) 1.85 15.56 0.45 0.03 0.03 tuff known
----------------------------------------------------------------------------
Tuff
Zone
massive
LK-288 91.2 93.2 1.22 5.83 116.71 0.23 3.96 10.66 sulfide Tuff
Chlorite
altered
rhyolite
100.0 103.0 1.86 7.32 328.27 0.18 4.11 0.06 tuff 90?
----------------------------------------------------------------------------
(i)Drilled thickness, true thickness unknown
(ii)PM equals Porphyry Margin Gold Zone, 90 equals 90 Gold Zone, Hinge
equals Hinge Zone massive sulfide, Tuff equals Tuff Zone massive sulfide PW
equals Pinwheel massive sulfide


Assays are pending from additional drill holes targeting strike extension of the Pinwheel Zone, the East Zone, and near surface definition of the PM Gold Zone. Current drilling with two rigs at the project consists of delineation of the Deep Zone massive sulfide as well as down plunge extensions of the South Limb massive sulfide. Preparations are also underway to test geophysical targets.

Further information about Aquila and the Back Forty Project including a map showing the location of the holes in this press release as well as the principle mineralized zones is available on the Company's website at www.aquilaresources.com.

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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