AQUILA RESOURCES INC. (TSX:AQA)(FRANKFURT:JM4A) ("Aquila" or the "Company"). The
Board of Directors of Aquila is very pleased to announce that Michael D.
Winship, P.Eng, has been nominated to join the Board of Directors of Aquila
Resources Inc. effective immediately. Mr. Winship is the President and Chief
Operating Officer of HudBay Minerals Inc. ("HudBay") (TSX:HBM), a leading
integrated mining company which recently entered into a Subscription, Option,
and Joint Venture Agreement with Aquila on the Back Forty Project located in
Menominee County, Michigan. HudBay currently owns a 14.9% undiluted equity
interest in Aquila.


Mr. Winship is a highly qualified mining executive with over 30 years of mining
experience and is recognized as an inspiring leader of change and value
creation. Prior to joining HudBay Minerals as President and Chief Operating
Officer in October, 2008, he held various senior executive positions with Vale
Inco Limited in Indonesia and Canada. Prior to that, Mr. Winship worked at
Placer Dome Inc. in various senior operational roles.


"Mr. Winship is an important addition to the Board of Directors," stated Thomas
O. Quigley, the President and CEO of Aquila. "Aquila is focused on working with
HudBay Minerals towards the development, permitting and construction of the Back
Forty Project as well as developing new strategic projects both through organic
growth and acquisition. We are excited to have Mr. Winship's professional
experience in operations and mine development as well as his skills for
corporate growth."


"I look forward to joining the Aquila Resources Board," said Mr. Winship. "The
Back Forty Project is an exciting development property. Aquila has a talented
team and I expect to contribute with them to the continued growth of this
company."


On August 6th, 2009 HudBay and Aquila announced the signing of a Subscription
Option and Joint Venture Agreement on the Back Forty Project located in
Menominee County, Michigan. The Back Forty Project is an advanced exploration
stage volcanogenic massive sulfide ("VMS") deposit containing zinc, gold, copper
and silver. The January 2009 NI 43-101 compliant resource statement released by
Aquila, and available at www.sedar.com, is summarized in the table below.




Mineral Resource Statement(1) for the Back Forty Deposit, Michigan, U.S.A.,
SRK Consulting, January 12, 2009.

----------------------------------------------------------------------------
                                             Grade
----------------------------------------------------------------------------
Resource
 Category        Tonnes Gold (g/t) Zinc (%) Silver (g/t) Copper (%) Lead (%)
----------------------------------------------------------------------------
Open Pit
 Resources(2)
----------------------------------------------------------------------------
Measured      4,660,000      2.04     3.64         29.2       0.68     0.08
----------------------------------------------------------------------------
Indicated     1,260,000      4.03     5.63         47.3       0.37     0.30
----------------------------------------------------------------------------
Measured &
 Indicated    5,920,000      2.46     4.06         33.1       0.61     0.13
----------------------------------------------------------------------------
Inferred        620,000      3.68     2.46         46.5       0.15     0.44
----------------------------------------------------------------------------
Underground
 Resources(3)
----------------------------------------------------------------------------
Measured      1,060,000      1.21     9.23         26.5       0.39     0.86
----------------------------------------------------------------------------
Indicated     1,510,000      1.51     9.11         24.0       0.19     0.47
----------------------------------------------------------------------------
Measured &
 Indicated    2,580,000      1.39     9.16         25.0       0.28     0.63
----------------------------------------------------------------------------
Inferred        550,000      2.03     6.62         36.4       0.28     0.67
----------------------------------------------------------------------------
Combined
 Open Pit &
 Underground
----------------------------------------------------------------------------
Measured &
 Indicated    8,500,000      2.13     5.61         30.6       0.51     0.28
----------------------------------------------------------------------------
Inferred      1,170,000      2.90     4.42         41.7       0.21     0.55
----------------------------------------------------------------------------
(1) Mineral resources are not mineral reserves and do not have demonstrated
    economic viability. All figures have been rounded to reflect the
    relative accuracy of the estimates. The cut-off grades are based on
    metal price assumptions of US$0.79 per pound zinc, US$1.89 per pound
    copper, US$0.55 per pound lead, US$678 per troy ounce gold and US$10
    per troy ounce silver. Metallurgical recoveries were determined and
    used for each of eight metallurgical domains determined for the deposit.
(2) Cut off grades for each of eight metallurgical domains based on NSR
    values, average cut-off grade for open pit resource contained within
    an optimized pit shell US$20.
(3) Cut off grades were determined for each of eight metallurgical domains
    based on NSR values, average cut-off grade for underground resources
    outside of an optimized pit shell is US$62.



More information about Aquila and the Back Forty Project can be found on the
Company's website at www.aquilaresources.com.


This press release contains certain forward-looking statements. In certain
cases, forward-looking statements can be identified by the use of words such as
"plans", "expects" or "does not anticipate", or "believes", or variations of
such words and phrases or statements that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements. Such
factors include, among others, risks related to international operations; risks
related to joint venture operations; actual results of current exploration
activities; changes in project parameters as plans continue to be refined,
future prices of resources; possible variations in reserves, grade or recovery
rates, accidents, labour disputes and other risks of the mining industry; and
delays in obtaining governmental approvals or financing or in the completion of
development or construction activities. Although the Company has attempted to
identify important factors that could cause actual actions, events or results to
differ materially from those described in forward-looking statements, there may
be other factors that cause actions, events or results to differ from those
anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements.


Shares Outstanding: 81,770,529

Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Vortex Metals Charts.
Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Vortex Metals Charts.