• Aguila American Resources
  • Aguila American Resources
  • Aguila American Resources

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RESULTS OF ANNUAL GENERAL MEETING AND GRANTING OF STOCK OPTIONS

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OCTOBER 20, 2010 - The Board of Directors of Aguila American Resources Ltd. (TSX-V: AGL) announces that at its Annual General Meeting ("AGM") held October 19, 2010, shareholders re-elected Messrs. John Huguet, Shafiq Gulamani, Nick DeMare and John Bortnak as directors of the Company. The shareholders also passed all other resolutions including an ordinary resolution to ratify the existing stock option plan, pursuant to which the Company may grant stock options up to 10% of the issued and outstanding common shares at the time of the grant.
At a directors meeting held after the AGM, the directors appointed Mr. John Huguet as President and Chief Executive Officer and Mr. Nick DeMare as Corporate Secretary and Chief Financial Officer.
Stock options have been granted to directors to purchase up to 600,000 shares at a price of $0.10 per share for three years.


ON BEHALF OF THE BOARD

"John Huguet"
John Huguet, President & CEO #1305 - 1090 WEST GEORGIA STREET VANCOUVER, B.C. V6E 3V7 Tel: (604) 685 9316 Fax (604) 683 1585 TSX Venture Symbol: AGL