Aquila Resources Inc.: Drilling at Back Forty Continues to Yield High Grade Gold and Zinc Intercepts

Market Wire, December, 2007

AQUILA RESOURCES INC. (TSX: AQA)(FRANKFURT: JM4A)("Aquila" or the "Company") today announced additional results from infill drilling on the Hinge Zone and step out drilling on the South Limb massive sulfide zones.

Highlights include:

- 7.5 meters of 6.09 g/t gold and 82.35 g/t silver in LK-207

- 6.0 meters of 20% zinc and 3.5 meters of 9.3 g/t gold and 324 g/t silver in LK-195

- 9.0 meters of 14.13% zinc in LK-186

- 6.6 meters of 8.07% zinc and 11.5 meters 2.6 g/t gold in LK-197

- 24.0 meters of 8.31% zinc and 1.6 g/t gold in LK-190

Significant intercepts from this drilling are summarized below.

------------------------------------------------------------
         All Intervals
           in Meters      Est.  g/T    g/T    %     %      %
----------------------    True  ----------------------------
Hole #     From     To   Width   Au     Ag   Cu    Pb     Zn  Description
---------------------------------------------------------------------------

LK-184    256.5  261.0     4.5 1.59  40.22 0.26  0.16   2.97  Siliceous
                                                              rhyolite
                                                              crystal tuff

including 256.5  257.5     1.0 0.35  45.52 0.17  0.28  12.50  Massive
                                                              sulfide,
                                                              probably
                                                              South Limb
---------------------------------------------------------------------------

LK-186    156.0  166.7    10.7 0.28  10.61 0.10  0.12   5.99  Hinge massive
                                                              sulfide

          221.0  235.5     9.0 0.66  13.04 0.26  0.18  14.13  South Limb
                                                              massive
                                                              sulfide

          253.5  256.5     3.0 4.44  73.87 0.12  1.52   0.38  Siliceous
                            (i)                               rhyolite
                                                              crystal tuff

          282.5  311.0    28.5 0.72   4.81 0.04  0.25   5.21  Sulfide
                            (i)                               stringer
---------------------------------------------------------------------------

LK-190    144.4  174.6    24.0 1.60  15.83 0.17  0.10   8.31  Hinge massive
                                                              sulfide
---------------------------------------------------------------------------

LK-192    173.3  174.0     0.7 0.80  13.10 0.18  0.04  15.60  Hinge zone
                                                              massive
                                                              sulfide

          178.2  181.3     2.5 3.67  19.10 0.56  0.08   0.05  Hinge zone
                                                              massive
                                                              sulfide

          220.0  244.0    24.0 0.40   4.16 0.33  0.01   0.02  Sulfide
                            (i)                               stringer
---------------------------------------------------------------------------

LK-193    No significant values
---------------------------------------------------------------------------

LK-195    159.5    162     2.5  9.7   89.3 0.06  0.56   0.48  Quartz
                            (i)                               feldspar
                                                              porphyry
                                                              -------------

          169.9 173.43    3.53  9.3  324.7 0.11  2.84   0.33  Porphyry
                            (i)                               margin
                                                              -------------

         180.22 190.23     6.0 0.80   11.8 0.16  0.05  20.02  South Limb
                                                              massive
                                                              sulfide
                                                              -------------

LK-197   143.28 151.46     6.6  1.6   20.9 0.38  0.06   8.07  Hinge zone
                                                              massive
                                                              sulfide
                                                              -------------

         151.46 165.83    11.5  2.6   23.1 0.53  0.05   0.15  Hinge zone
                                                              massive
                                                              sulfide
                                                              -------------

includ-
 ing     151.46    159     6.0  3.6   24.3 0.73  0.05   0.23
                                                              -------------

LK-201    148.5  151.0     2.5 7.05  91.76 0.11  1.19   0.10  Rhyolite
                            (i)                               crystal tuff

          153.0  162.1     9.2 0.89  24.09 0.24  0.56   9.43  Hinge zone
                                                              massive
                                                              sulfide
                                                              -------------

LK-207    135.6  148.0     7.5 6.09  82.35 0.11  0.64   3.33  South Limb
                                                              massive
                                                              sulfide

including 135.6  141.9     3.8 9.03 149.78 0.11  1.17   5.31
---------------------------------------------------------------------------

(i) True width not estimated