Aguila Negotiates More Favourable Terms for Angostura Gold Project

Aguila American Resources Ltd. (TSX VENTURE:AGL) ("Aguila") or (the "Company") -
Mr. John Huguet Reports:


The Company has entered into a purchase agreement to acquire 100% of the
Angostura Gold Project in Peru. This purchase agreement replaces a previous
option agreement on the same property. The re-negotiated purchase agreement
allows the Company to acquire a 100% interest in the project upon the payment of
US $600,000 payable in instalments over two years. A 2% NSR of gross metal sales
is payable to the vendor and is capped at $2 million. In the event that
production does not commence by May 15, 2012, advance NSR payments of $100,000
per annum are due beginning in May 2013.


The previous option agreement had called for Aguila to acquire only 60% of the
project with the same cash payment as the new purchase agreement. The Company
was required to perform a $2 million work program as well as issue shares. If
the Company advanced the project all the way to bankable feasibility, Aguila
could earn an additional 15%, for a final interest of 75%.


"We are very pleased with the re-negotiation of the terms of the Angostura
Project agreement. The prospect of owning 100% of this gold project without any
further dilution is of significant benefit to our shareholders and allows us
much more flexibility as we move forward with development," said John Huguet,
President and Chief Executive Officer of Aguila. 


The Angostura property is comprised of eight concessions which cover the main
portion of the Angostura Gold Project. The project is located in southern Peru
in the Department of Apurimac, approximately 430 kilometers southeast of Lima
and 180 kilometers southwest of the City of Cuzco.


The agreement is subject to TSXV approval.

On behalf of the Board of Directors,

John Huguet, President & CEO 

Aguila American Resources Ltd.