Aquila Drills 23.9 Meters 1.98% Copper and 2.86% Zinc at the Pinwheel Zone and 32.3 Meters of 10.12% Zinc at the Main Zone Hinge

Market Wire, December, 2006

AQUILA RESOURCES INC. (TSX VENTURE: AQA)(FWB: JM4A) ("Aquila" or the "Company") today announced more high grade copper, zinc, gold and silver intercepts from the Pinwheel Zone plus thick zinc rich massive sulfide intercepts from the Main Zone Hinge at the Back Forty Project in the Upper Peninsula of Michigan.

Highlights include:

Pinwheel Zone:

- 23.9 meters estimated true thickness of 1.98% copper, 2.86% zinc.

- 34.0 meters estimated true thickness of 2.2 g/t gold, 1.55% copper.

- 46.9 meters estimated true thickness of 2.1 g/t gold, 0.72% copper.

Main Zone Hinge:

- 21.7 meters (true thickness not known) of 7.36 % zinc.

- 32.3 meters of 10.12% zinc estimated true thickness.

- 43.9 meters of 7.47% zinc estimated true thickness.


More detailed results from these drill holes are shown in the tables below.

---------------------------------------------------------------------------
                        Pinwheel Drill Results
---------------------------------------------------------------------------
               All
         Intervals in
             Meters
         ------------     Est.
                         True  g/t   g/t    %    %     %
Hole #    From     To   Width   Au    Ag   Cu   Pb    Zn Description
---------------------------------------------------------------------------
LK-121P   No Significant Values
---------------------------------------------------------------------------
LK-125P   No Significant Values
---------------------------------------------------------------------------
LK-133P   10.3   36.2   23.9   0.8  31.8 1.98 0.02  2.86 Pinwheel massive
                                                          sulfide
---------------------------------------------------------------------------
includes  24.5   30.5    5.5   0.6  29.9 2.14 0.01  8.18 Pinwheel massive
                                                          sulfide
---------------------------------------------------------------------------
 and      29.0   36.2    6.6   1.6  72.9 6.23 0.02  1.10 Pinwheel massive
                                                          sulfide
---------------------------------------------------------------------------
LK-134P   No Significant Values
---------------------------------------------------------------------------
LK-136P    5.5    6.6    1.0  13.9  13.5 0.05 0.02  0.00 Pinwheel gossan
---------------------------------------------------------------------------
LK-137P   No Significant Values
---------------------------------------------------------------------------
LK-139P    5.1    6.0    0.9  22.0  79.0 0.27 0.04  0.00 Pinwheel gossan
---------------------------------------------------------------------------
           6.0   40.0   34.0   2.2  48.9 1.55 0.01  0.14 Pinwheel massive
                                                          sulfide
---------------------------------------------------------------------------
includes   6.0   13.5    7.5   2.9 134.0 3.31 0.01  0.02 Pinwheel massive
                                                          sulfide
---------------------------------------------------------------------------
LK-141P   14.1   61.0   46.9   2.1  22.5 0.72 0.02  0.25 Pinwheel massive
                                                          and stringer
                                                          sulfide
---------------------------------------------------------------------------



---------------------------------------------------------------------------
                        Main Zone Hinge Drill Results
---------------------------------------------------------------------------
               All
         Intervals in
             Meters
         ------------     Est.
                         True    g/t   g/t    %    %     %
Hole #    From     To   Width     Au    Ag   Cu   Pb    Zn Description
---------------------------------------------------------------------------
LK-126P   78.7   82.0     3.4(i) 1.1  19.3 0.40 0.06  1.55 Main zone hinge
                                                            massive sulfide
---------------------------------------------------------------------------
LK-132P  134.7  156.4    21.7(i) 0.7  27.1 0.37 0.53  7.36 Main zone hinge
                                                            massive sulfide
---------------------------------------------------------------------------
includes 146.7  152.7     6.0(i) 0.7  55.8 0.13 1.75 17.85 Main zone hinge
                                                            massive sulfide
---------------------------------------------------------------------------
LK-140P  130.4  135.4     5.0(i) 0.9  13.1 0.21 0.02  2.05 Main zone hinge
                                                            massive sulfide
---------------------------------------------------------------------------
LK-142   No Significant Values                             Main zone hinge
                                                            massive sulfide
---------------------------------------------------------------------------
LK-146    47.6   79.9    32.3    1.1   6.0 0.07 0.03 10.12 Main zone hinge
                                                            massive sulfide
---------------------------------------------------------------------------
includes  62.5   79.9    17.4    1.7   8.1 0.11 0.05 13.91 Main zone hinge
                                                            massive sulfide
---------------------------------------------------------------------------
LK-147   115.9  159.9    43.9    0.8   8.7 0.06 0.02  7.47 Main zone hinge
                                                            massive sulfide
---------------------------------------------------------------------------
               (i) drilled thickness, true width not known

 

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