Aquila Drills Multiple Intercepts of Gold and Base Metals Including 6 Meters of 17.9 Grams Per Tonne Gold

Market Wire, July, 2007

AQUILA RESOURCES INC. (TSX: AQA)(FRANKFRT: JM4A) ("Aquila" or the "Company") today announced additional results of ongoing drilling at the Back Forty project in the Upper Peninsula of Michigan, including massive sulfide mineralization and multiple intercepts of base and precious metal mineralization over broad intervals.

Highlights include:

- 94.2 meters of 1.89 grams per tonne (g/t) gold in LK-169

- 6 meters of 17.9 g/t gold and 116 g/t silver in the PM Gold Zone in LK-171

- 14.1 meters of 4.08% zinc in the Main Zone South Limb massive sulfide and 33.9 meters of 2.27 g/t gold and 0.3% copper in the Deep Zone massive sulfide in LK-171

- 2 meters of 7.29% zinc including 1 meter of 13.4% zinc in the Tuff Zone massive sulfide

- Numerous gold and base metal intercepts surrounding the massive sulfide zones

More detailed results are shown in the table below.

---------------------------------------------------------------------------
         All Interval
           in Meters    Est.
         -------------  True       g/t     g/t      %    %    %
Hole #    From     To  Width      Gold  Silver Copper Lead Zinc Description
---------------------------------------------------------------------------
LK-169    38.0   41.0    2.4      3.48   16.00   0.03 0.12 0.01  Tuffaceous
                                                                  Sediments
                                                                       with
                                                                  stringers

          44.5  101.6   45.6      0.60    4.12   0.01 0.11 0.14    Chlorite
                                                                  Tuff with
                                                                  stringers

         128.5  131.5    3.0(i)   3.00    4.74   0.01 0.06 0.06      Quartz
                                                                   Feldspar
                                                                 Porphyry -
                                                                    PM Zone

         134.0  228.2   94.2      1.89    8.54   0.23 0.07 0.06   Main Zone
                                                                      Hinge
                                                                massive and
                                                               semi massive
                                                                    sulfide

includes 198.0  207.5    9.5      3.19    4.13   0.20 0.06 0.08   Main Zone
                                                                      Hinge
                                                                massive and
                                                               semi massive
                                                                    sulfide
---------------------------------------------------------------------------
LK-171    60.0   75.5   10.1      2.64   45.71   0.02 0.25 0.47  Tuffaceous
                                                                  Sediments
                                                                       with
                                                                  stringers

includes  60.0   63.0    2.0      5.68  100.00   0.02 0.35 0.68  Tuffaceous
                                                                  Sediments
                                                                       with
                                                                  stringers

          83.5   85.5    1.3      3.56   26.04   0.03 0.49 2.33   Tuff Zone
                                                                    Massive
                                                                    Sulfide

          88.5   92.6    2.6      3.58   49.06   0.04 0.74 0.08    Chlorite
                                                                  Tuff with
                                                                  stringers

         149.5  153.2    2.4      6.14   21.95   0.04 0.22 0.53     Crystal
                                                                  Tuff with
                                                                  stringers

         153.2  175.0   14.1      0.56    4.34   0.05 0.08 4.08   Main Zone
                                                                 South Limb
                                                                    massive
                                                                    sulfide

         209.5  215.5    6.0(i)  17.93  115.97   0.12 1.50 0.03     PM Gold
                                                                       Zone

includes 212.7  215.5    2.7(i)  37.58  228.00   0.21 2.65 0.04     PM Gold
                                                                       Zone

         279.7  313.6   33.9(i)   2.27   12.37   0.31 0.09 0.37   Deep Zone
                                                                    massive
                                                                    sulfide

         325.5  332.0    6.5(i)   0.80   11.98   0.91 0.06 0.39   Deep Zone
                                                                   stringer
                                                                   sulfides
---------------------------------------------------------------------------
LK-172    57.5   59.0    0.8      4.78    1.00   0.01 0.03 0.06  Tuffaceous
                                                                  Sediments
                                                                       with
                                                                  stringers

          85.5  123.5   19.0      1.37   34.27   0.02 0.42 1.14  Tuffaceous
                                                                  Sediments
                                                                       with
                                                                  stringers

includes  85.5   93.0    3.8      2.38   75.19   0.02 0.28 0.10  Tuffaceous
                                                                  Sediments
                                                                       with
                                                                  stringers

         110.5  113.5    1.5      4.75  115.90   0.04 1.40 0.52  Tuffaceous
                                                                  Sediments
                                                                       with
                                                                  stringers

         113.5  117.5    2.0      1.70   43.39   0.06 1.18 7.29   Tuff Zone
                                                                    Massive
                                                                    Sulfide

includes 114.7  116.7    1.0      1.08   65.67   0.07 1.76 13.43  Tuff Zone
                                                                    Massive
                                                                    Sulfide

         153.5  176.0   11.3      0.47   19.60   0.03 0.90  2.10   Chlorite
                                                                  Tuff with
                                                                  stringers

includes 169.5  176.0    3.3      0.51   22.61   0.03 1.20  3.42   Chlorite
                                                                  Tuff with
                                                                  stringers

         198.5  201.0    1.2      0.87    0.70   0.04 0.06  6.16    Crystal
                                                                  Tuff with
                                                                  stringers

         226.6  233.5    6.9(i)   3.58   32.50   0.08 1.39  0.04    PM Gold
                                                                       Zone
---------------------------------------------------------------------------
(i)Drilled interval, true width unknown