Aguila Announces Former Ventana Gold Executive as CEO

Aguila American Gold Limited. ("Aguila") or (the "Company") (TSX VENTURE:AGL)
announces that at its Annual General Meeting ("AGM") held November 7, 2012,
shareholders elected Messrs. John Huguet, Nick DeMare, John Bortnak, Dusan
Berka, Christopher Verrico and Blair Way as directors of the Company. The
shareholders also passed all other resolutions including an ordinary resolution
to ratify the existing stock option plan, pursuant to which the Company may
grant stock options up to 10% of its issued and outstanding common shares at the
time of the grant. 


At a directors meeting held after the AGM, the directors appointed Mr. John
Huguet as Chairman, Mr. Blair Way as President and Chief Executive Officer, Mr.
Nick DeMare as Chief Financial Officer and Corporate Secretary and Mr. James
McCrea as Vice-President, Exploration.


John Huguet states: "We are very pleased to have attracted Blair to this role.
His management and interpersonal skills combined with his background and
experience with mining projects in many different countries makes him well
suited for leading this company to the next level."


Blair was most recently, Vice President, Project Director, member of the
Executive Management Team, reporting to the CEO of Ventana Gold's LaBodega
project in Colombia. Ventana was purchased by Ike Batista in 2009 for $1.5
billion. Prior to the success at the Ventana Gold Corp., Blair served as
President and Project Director for Oceanagold Philippines on the Didipio Gold
Copper project. Prior to that he was Project Manager Non Ferrous Group with
Hatch Associates (Brisbane) where he provided project management support for
various mining and metal related projects in Australia, South Africa, China,
Papua New Guinea and South East Asia. Prior to that Mr Way was Project Director
- Major Projects for BHP Billiton (QNI Pty Ltd) in Townsville, Queensland. While
with BHP, Mr Way led a project management group that was responsible for
implementing A$210 million of improvement projects(brownfield) from
pre-feasibility through to commissioning throughout the refinery.


He holds a Bachelor of Science (Geology) from Acadia University in Nova Scotia,
Canada and a Masters of Business Administration from the University of
Queensland, Australia.


"I look forward to leading the company and driving the exploration activities on
the Angostura project to an NI 43101 compliant resource. This asset exhibits all
the attributes I look for in a project. I greatly anticipate working with the
AGL team, with the aim of growing the company through to mid-tier status." 


ON BEHALF OF THE BOARD,

Blair Way, President and CEO

Aguila American Gold Ltd.

Aguila American Gold Ltd. is an emerging gold exploration company with an
experienced geological and executive management team focused on advancing and
developing their flagship prospective gold project, Angostura. Angostura is
located 180 kilometres southwest of city of Cuzco, in the Department of
Apurimac, southwestern Peru. Angostura is located in a prolific mineral trend,
approximately 25 kilometres from the Las Bambas Mine, a $4.5 billion mining
project being developed by Xstrata Mining Pty.


For more information visit www.aguilaamerican.ca.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Aguila American Gold Ltd.
[phone]
[phone] (FAX)
www.aguilaamerican.ca