Aquiline Resources Inc.
TSX : AQI

Aquiline Resources Inc.

July 07, 2008 11:45 ET

Aquiline Resources Inc.: Chubut Government in Favour of Re-Introduction of Responsible Mining

TORONTO, ONTARIO--(Marketwire - July 7, 2008) - Aquiline Resources Inc. (TSX:AQI) ("Aquiline" or "the Company") is pleased to provide its shareholders and other interested parties, excerpted transcripts of a speech given on June 25 at the Canadian Embassy in Buenos Aires, by Mr. Mario Das Neves, Governor of Chubut Province, Argentina.

Mr. Das Neves, along with Provincial Minister Norberto Yauhar, and the Secretary of Hyrdrocarbons & Mining, Mr. Luis Tarrio, spoke recently at a gathering organized by the Canadian Argentine Chamber of Commerce. The Provincial Government stated it was supportive of the re-introduction of mining in Chubut, particularly in the Meseta Central area of the Province (where the Navidad Project is located), but at the same time is proceeding with due caution, to be sure there is responsible management of environmental and social issues, which have been defined as fundamental objectives of this administration.

Transcripts of the relevant parts of the presentation, in both Spanish and English, are available on Aquiline's website at www.aquiline.com.

The Chubut Government has reviewed and approved the contents of this release and transcripts.

ABOUT AQUILINE

Aquiline Resources Inc. is an exploration and development company advancing one of the world's largest undeveloped silver deposits (Navidad), as well as a gold/silver deposit (Calcatreu), both in Argentina, and a gold deposit in Peru (Pico Machay).

FORWARD-LOOKING STATEMENTS

This press release includes certain "forward-looking statements". All statements, expressed or implied, regarding future development of the Navidad property, are forward-looking statements that involve various risks and uncertainties, as disclosed under the heading "Risk Factors" and elsewhere in Aquiline documents filed from time to time with applicable regulatory authorities. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

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