Aquila Resources Inc.
FRANKFURT : JM4A
TSX : AQA

Aquila Resources Inc.

April 23, 2008 08:00 ET

Aquila Resources Inc.: Drilling Continues to Intersect Gold and Base Metals

TORONTO, ONTARIO--(Marketwire - April 23, 2008) - AQUILA RESOURCES INC. (TSX:AQA)(FRANKFURT:JM4A) ("Aquila" or the "Company") today announced more drill results from the Back Forty Project in the Upper Peninsula of Michigan. The results released today are from 12 drill holes targeting extensions of the South Limb and Hinge area of the Main Zone massive sulfide.

Highlights include high grade gold and silver intercepts - 5.2 meters of 13.74 grams per tonne (g/t) gold and 328.61 g/t silver, including 1.5 meters of 44.51 g/t gold and 1082.6 g/t silver, as well as broad zones of gold mineralization - 18.1 meters of 2.5 g/t gold and 10.1 meters of 4.04 g/t gold.

Significant base metal intercepts included 41.1 meters of .54% copper and 2.2% zinc.



Additional results are shown below:

----------------------------------------------------------------------------
All Intervals
in Meters
--------------------- Est.
True g/t g/t % % % Descrip- Zone
Hole # From To Width Au Ag Cu Pb Zn tion (ii)
----------------------------------------------------------------------------
Massive,
semi
massive
and
LK-241 313.5 341.3 18.1 2.50 17.21 0.20 0.30 2.17 stringers
Massive, NSL
semi
massive
and
Including 333.0 339.0 3.9 6.53 22.14 0.17 0.37 2.32 stringers
Massive,
semi
massive
and
and 337.5 341.3 2.5 1.63 4.05 0.07 0.08 8.73 stringers
----------------------------------------------------------------------------
Massive,
semi
massive
and
LK-251 133.0 148.5 10.1 4.04 121.33 0.08 1.59 1.14 stringers NSL
Massive,
semi
massive
and
Including 133.0 139.5 4.2 7.67 129.63 0.09 1.00 0.39 stringers
----------------------------------------------------------------------------
Quartz
feldspar PM
LK-255 53.5 58.7 5.2(i) 13.74 328.61 0.03 0.03 0.10 porphyry Gold
Quartz
feldspar
Including 55.0 56.5 1.5(i) 44.51 1082.60 0.04 0.02 0.14 porphyry
----------------------------------------------------------------------------

(i) Drilled thickness, true thickness unknown
(ii)NSL equals New South Limb, PM Gold equals Porphyry Gold Zone, Hinge
equals Hinge Zone, SL equals South Limb



----------------------------------------------------------------------------
All Intervals
in Meters
--------------------- Est.
True g/t g/t % % % Descrip- Zone
Hole # From To Width Au Ag Cu Pb Zn tion (ii)
----------------------------------------------------------------------------
Stringer Hinge
LK-257 84.0 88.5 4.5(i) 0.67 3.43 0.01 0.03 3.32 sulfides
----------------------------------------------------------------------------
Stringer Hinge
LK-259 87.5 90.0 2.0 1.00 9.13 0.14 0.07 3.91 sulfides
Semi
massive
134.7 140.5 4.7 0.40 6.33 0.02 0.09 1.69 sulfides
----------------------------------------------------------------------------
LK-263 No significant values NSL
----------------------------------------------------------------------------
Stringer
LK-266 47.5 55.0 7.5(i) 0.23 4.01 0.04 0.01 1.76 sulfides NSL
Stringer
109.0 112.0 3.0(i) 2.46 6.60 0.08 0.07 0.19 sulfides
----------------------------------------------------------------------------
Stringer NSL
LK-269 156.0 160.5 4.0 2.05 4.33 0.00 0.04 0.31 sulfides
----------------------------------------------------------------------------
LK-272 No significant values NSL
----------------------------------------------------------------------------
Stringer
LK-278 141.5 154.0 8.4 0.81 6.16 0.02 0.10 0.86 sulfides NSL
Stringer
Including 151.7 154.0 1.6 1.43 11.07 0.03 0.20 2.25 sulfides
----------------------------------------------------------------------------
Massive,
semi
massive
and
LK-281 297.0 365.5 41.1 0.90 55.61 0.54 0.42 2.20 stringers
Massive SL
Including 297.0 327.0 18.0 0.75 58.16 0.46 0.47 4.60 sulfides
Stringer
339.0 349.0 10.0(i) 1.63 79.09 0.73 0.50 0.26 sulfides
----------------------------------------------------------------------------
LK-282 No significant values SL
----------------------------------------------------------------------------

(i) Drilled thickness, true thickness unknown
(ii)NSL equals New South Limb, PM Gold equals Porphyry Gold Zone, Hinge
equals Hinge Zone, SL equals South Limb


Intercepts tabulated above include down dip extensions of South Limb mineralization, extensions of the South Limb towards the fold hinge (New South Limb), as well as westward, down plunge extensions of the Hinge area of the Main zone. Gold mineralization associated with the central porphyry - the PM Gold zone - was also encountered in LK-255. A map showing locations of the drill holes and extensions of the mineralized zones is available on the Company's website listed below.

Pending Drill Hole Results

The South Limb massive sulfide remains open down plunge and drilling is continuing to explore this direction with results from seven holes pending. An additional 16 holes are pending from expansion of the Pinwheel to the southwest and northeast, and five holes are pending from step outs of the Tuff Zone massive sulfide.

Results from an additional five holes remain to be reported from the 90 Gold Zone, and a series of five holes was also recently completed on the East Zone to fully define this important near surface gold rich gossan and massive sulfide.

Fourteen holes have also been drilled to follow up on near surface gold mineralization previously reported (Press Release January 29, 2008), which included 11.24 meters of 5.67 g/t gold, thought to be a potential new zone of precious metal mineral mineralization located between the Pinwheel massive sulfide and gossan and the 90 Gold Zone.

Additional information about the Company's Back Forty Project 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.

Shares Outstanding: 70,109,478

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

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