February 7, 2007 - The Board of Directors of Aguila American Resources Ltd. (TSX-V: AGL) is pleased to announce that on February 6, 2007, the Company issued 2,330,000 units, at $0.30 per unit, pursuant to the closing of its private placement announced on January 23, 2007. The units comprised 2,330,000 common shares and 1,165,000 share purchase warrants exercisable at a price of $0.40 per share until August 6, 2007. The securities issued have a hold period expiring June 7, 2007.
On behalf of Aguila American Resources Ltd.,
"John Huguet" John Huguet President & CEO
About Aguila American:
Aguila American Resources Ltd. (TSX.V-AGL) is a junior mineral exploration company engaged in the acquisition and exploration for precious and base metals on unproven mineral interests located in Peru. The Company is currently focusing its financial resources on its Angostura Property in Peru where the Company is undertaking geological investigations and preparing a drill program to test the Angostura Property.
For further information visit our website at www.aguilaamerican.ca
This news release may contain forward-looking statements regarding upcoming work programs and events. Actual results may differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release
