NOVEMBER 5, 2010 - Vancouver, BC, Canada - Aguila American Resources Ltd. (the "Company") (TSXV: AGL)
announces a non-brokered private placement financing of up to 2,000,000 units at $0.20 per unit. Each unit comprises one common share and one-half of a share purchase warrant. Each full warrant will be exercisable into one additional common share for a period of two years from the date of closing of the financing at an exercise price of $0.40.
The net proceeds from the financing will be used to fund exploration work on the Company's mineral properties and for general working capital.
The financing is subject to regulatory approval by the TSX Venture Exchange.
ON BEHALF OF THE BOARD
John Huguet, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.