AQUILA RESOURCES PROVIDES PERMIT APPLICATION UPDATE

- MICHIGAN REGULATORS DEEM BACK FORTY WETLANDS PERMIT APPLICATION ADMINISTRATIVELY COMPLETE AND PUBLIC NOTICE HAS BEEN ISSUED -

TORONTODec. 8, 2017 /CNW/ - Aquila Resources Inc. (TSX: AQA)("Aquila" or the "Company") is pleased to announce that the Michigan Department of Environmental Quality ("MDEQ") has deemed Aquila's wetland/steam/floodplain permit application for the Back Forty Project administratively complete and the regulatory technical review process can now move to the next stage. This is the fourth and final permit required to build and operate the Back Forty Project, a planned open-pit, zinc-gold mine in Michigan's Upper Peninsula.

Today, the MDEQ issued their public notice, along with an announcement of a January 23, 2018 public hearing as requested by Aquila. The MDEQ review process, along with the public hearing provides the community with opportunities to comment on the permit application. In addition, the MDEQ will gather input from various regulatory agencies, including from the United States Environmental Protection Agency ("EPA").

A final permit decision is expected from the MDEQ in the first half of 2018.

ABOUT AQUILA RESOURCES
Aquila Resources Inc. (TSX: AQA) is a development-stage company with strategic assets in the Great Lakes Region. The company's experienced management team is currently focused on advancing permitting activities for its 100%-owned gold- and zinc-rich Back Forty Project in Michigan.

Aquila's flagship Back Forty Project is an open pit volcanogenic massive sulfide deposit with underground potential located along the mineral-rich Penokean Volcanic Belt in Michigan's Upper Peninsula.  The Project contains approximately 1 billion pounds of zinc and 1 million ounces of gold in the M&I categories, with additional upside potential.  Currently Aquila is trying to secure the final State permit required to build and operate Back Forty while completing a Feasibility Study.

This press release contains certain forward-looking statements within the meaning of applicable Canadian securities legislation. 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" and similar expressions suggesting future outcomes or statements regarding an outlook.

Forward-looking statements relate to any matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, without limitation, statement with respect to: (i) the economic analysis contained in the PEA; (ii) the development plan of the PEA and results thereof; (iii) capital expenditure programs; (iv) the quality or quantity of the mineral resources subject to estimates by Aquila; and (v) work plans to be conducted by Aquila.

These and other forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Aquila to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. Aquila expressly disclaims any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents Aquila's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Furthermore, mineral resources that are not mineral reserves do not have demonstrated economic viability.

Shares Outstanding: 331,009,296

SOURCE Aquila Resources Inc.


BACK FORTY MINE PERMIT UPDATE

STEPHENSON, Mich. Dec. 8, 2017 – The MDEQ has deemed Aquila's wetland/stream/floodplain permit application for the Back Forty Mine administratively complete and the regulatory technical review process can now move to the next stage. The updated application provides additional information to assist the MDEQ in its evaluation of wetland impacts associated with the mine. For example, the application accounts for new land acquired by Aquila and changes to the project footprint that minimize the potential for any off-site impacts to wetlands.

As requested by Aquila, a public hearing has been granted and will take place at the Stephenson High School on January 23, 2018 from 6 PM to 10 PM. The MDEQ review process, along with the public hearing provides the community with opportunities to comment on the permit application. In addition, the MDEQ will gather input from various regulatory agencies, including from the United States Environmental Protection Agency (“EPA”).

We encourage supporters of the mine to add a comment on the MDEQ website in support of the permit application. Documents related to the permit and a comment form can be found on the MDEQ website.

The original announcement from Aquila can be read here.


AQUILA RESOURCES RESUBMITS WETLANDS PERMIT

Decision expected on fourth and final permit in early 2018

STEPHENSON, Mich. Nov. 16, 2017 – Back Forty announces that upon suppling additional information to the Michigan Department of Environmental Quality (MDEQ), Aquila Resources has re-submitted our wetlands permit application to the agency.

Once the wetlands application is deemed administratively complete, the MDEQ will begin the public hearing process. This will be done within 60 days of the final application’s completion. A list of public notices and hearings is located on the MDEQ website.

ABOUT AQUILA RESOURCES
Aquila Resources Inc. (TSX: AQA) is a development-stage company with strategic assets in the Great Lakes Region. The company’s experienced management team is currently focused on advancing permitting activities for its 100%-owned gold- and zinc-rich Back Forty Project in Michigan.

Aquila’s flagship Back Forty Project is an open pit volcanogenic massive sulfide deposit with underground potential located along the mineral-rich Penokean Volcanic Belt in Michigan’s Upper Peninsula.  The Project contains approximately 1 billion pounds of zinc and 1 million ounces of gold in the M&I categories, with additional upside potential.  Currently Aquila is trying to secure the final State permit required to build and operate Back Forty while completing a Feasibility Study.

This press release contains certain forward-looking statements within the meaning of applicable Canadian securities legislation. 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” and similar expressions suggesting future outcomes or statements regarding an outlook.

Forward-looking statements relate to any matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, without limitation, statement with respect to: (i) the economic analysis contained in the PEA; (ii) the development plan of the PEA and results thereof; (iii) capital expenditure programs; (iv) the quality or quantity of the mineral resources subject to estimates by Aquila; and (v) work plans to be conducted by Aquila.

These and other forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Aquila to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. Aquila expressly disclaims any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents Aquila’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Furthermore, mineral resources that are not mineral reserves do not have demonstrated economic viability.

Shares Outstanding: 331,009,296

SOURCE Aquila Resources Inc.


AQUILA RESOURCES ANNOUNCES COMPLETION OF FINANCING TRANSACTION WITH OSISKO

TORONTONov. 10, 2017 /CNW/ - Aquila Resources Inc.  (TSX: AQA) ("Aquila" or the "Company") today announced the completion of its previously announced financing transaction with Osisko Bermuda Limited ("OBL"), a wholly owned subsidiary of Osisko Gold Royalties Ltd (TSX & NYSE: OR), pursuant to which OBL has committed US$65 million to Aquila through a US$10 million private placement and US$55 million gold stream purchase agreement.

ABOUT AQUILA RESOURCES
Aquila Resources Inc. (TSX: AQA) is a development-stage company with strategic assets in the Great Lakes Region. The company is currently focused on advancing permitting activities for its 100%-owned high grade polymetallic Back Forty Project in Michigan.

Aquila's flagship Back Forty Project is an open pit volcanogenic massive sulfide deposit with underground potential located along the mineral-rich Penokean Volcanic Belt in Michigan's Upper Peninsula.  The Project contains approximately 1 billion pounds of zinc and 1 million ounces of gold in the M&I categories, with additional upside potential.  Currently Aquila is trying to secure the final State permit required to build and operate Back Forty while completing a Feasibility Study.

This press release contains certain forward-looking statements within the meaning of applicable Canadian securities legislation. 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" and similar expressions suggesting future outcomes or statements regarding an outlook.

Forward-looking statements relate to any matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, without limitation, statement with respect to: (i) the economic analysis contained in the PEA; (ii) the development plan of the PEA and results thereof; (iii) capital expenditure programs; (iv) the quality or quantity of the mineral resources subject to estimates by Aquila; and (v) work plans to be conducted by Aquila.

These and other forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Aquila to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. Aquila expressly disclaims any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents Aquila's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Furthermore, mineral resources that are not mineral reserves do not have demonstrated economic viability.

SOURCE Aquila Resources Inc.


BACK FORTY MINE ADDRESSES MISINFORMATION

STEPHENSON, Mich. Sept. 22, 2017 – Misinformation causes needless worry and concern for those unfamiliar with today's advanced mining practices. Aquila’s Director of Social Performance and Engagement Chantae Lessard spoke with Media Trackers regarding such information and the company's regret for not talking sooner with the community. "Unfortunately I think a lot of people don’t understand mining technology today, they are looking at mines that started 50-75 years ago, and today the technology has really changed," Lessard says.

Our future is deeply depending on mining and it becomes more evident as the years continue. Electronics, medical devices, pollution control systems, electric cars and renewable energy technology all count on the raw materials like those we'll produce at Back Forty Mine.

The historical legacy of mining offers numerous examples of what not to do. Like any industry, we've learned over the years how to do things better, smarter and with less impact on the environment. Aquila Resources and Back Forty Mine are committed to meeting the environmental requirements set forth in our permits and will comply with with all applicable regulations. "We believe we can have both a strong economy and clean environment with modern mining practices, " Lessard says.

The full interview with Chantae Lessard can be found on Media Trackers website.

If you have questions or concerns, please contact us at 906-753-9602, email us, or send us a message through our website.

@jonathan-velasquez