2011-05-31 20:40 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement for Aguila American Gold Ltd. announced April 18, 2011, and May 13, 2011:

Number of shares:  3,675,000 shares

Purchase price:  45 cents per share

Warrants:  1,837,500 share purchase warrants to purchase 1,837,500 shares

Warrant exercise price:  65 cents for a two-year period

Hidden placees:  six

Finders' fees:  $114,300 cash and 254,000 finder's warrants payable to Minegate Resource Capital Group Inc. (Michael Townsend); $18,000 cash and 40,000 finder's warrants payable to Castra Resources Management Ltd. (Jon Coleman); each finder's warrant is exercisable into one common share at 65 cents for two years