STEPHENSON, Mich. June 4, 2018 – Today, Back Forty Mine (“Company”) announced that following a rigorous review process, the Michigan Department of Environmental Quality (“MDEQ”) has issued the Company a wetlands, lakes, and streams permit (“Wetlands Permit”). The issued Wetlands Permit also includes conditions requested by the United States Environmental Protection Agency (EPA). The provisions strengthen protections for water quality and other natural resources.

“We commend the work of everyone involved with this process. Community members, local leaders, state and federal regulators have all left their mark on this Wetlands Permit. This is a very significant milestone and we believe this collective effort has resulted in a robust environmental permitting process that allows us to move forward and build a world class mining operation”, said Mike Welch, Chief Operating Officer of Aquila Resources.

The Wetlands Permit is the final permit required to build and operate the mine. The MDEQ previously issued the Company the Nonferrous Metallic Mineral Mining permit, the National Pollutant Discharge Elimination System (NPDES) permit, and the Air Use Permit to Install permit.

Back Forty Mine will commence pre-construction activities immediately. This phase includes; completion of the feasibility study, finalization of the Project Execution Plan that allows preparation for the construction and operational readiness of the Back Forty Mine, and continued discussions with prospective financial partners to secure necessary project capital to build the mine.

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ABOUT BACK FORTY MINE

Back Forty Mine is Aquila Resources’ 100% owned permitting stage zinc- and gold-rich mine located in Menominee County in Michigan’s Upper Peninsula.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Dan Blondeau
Manager, Communications
Phone (434) 906-0594
dblondeau@aquilaresources.com