Aguila American Resources Ltd.

Published : March 05th, 2012

(AGL:TSX-V) Signs Community Agreement and acquires Drill Permit

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Keywords :   Diamond | Gold | Market | Peru | Report | Water |

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05 - March - 2012

Aguila American Gold - AGL:TSX.V

Aguila American Signs Community Agreement and acquires Drill Permit

Vancouver, British Columbia - Aguila American Gold Limited. (�Aguila�) or (the �Company�) � (TSX-V: AGL) is pleased to announce it has reached a formal and legal agreement with the community of Mollepina on it�s wholly owned Angostura gold project. This Agreement formally allows Aguila to proceed with the advancement of its 100% owned, Angostura gold project. It grants the Company complete authorization for exploration activities to include; soil studies, Diamond drilling and geophysics,  citing responsible use of water and resources as well as providing complete access to the land, utilsing specialized man portable equipment to reduce surface impact while permitting construction of basic infrastructure, camps and offices as required The initial term of the Agreement is for two (2) years where the Company has agreed to maximize local employment and assist in certain enhancements such as basic infrastructure improvements for the development, recreation, health and security of the Community.

In addition the Company has agreed to help in the formalization process of the Community�s artisan miners located on the Delicia concession and it has also granted and area of 10 ha for their exclusive use and operations. The Company has agreed to assist the artisan miners in all legal proceedings and proper training, nevertheless, the artisan miners will be completely responsible for the proper development of their assigned area, freeing the Company from any possible liability resulting from their activities. This Agreement has granted the Company a royalty equivalent to 1% of total sales and the right to purchase the artisan miners� production at market value.

The agreement fosters further consultation to better educate and more fully involve the Community in the processes of exploring  for and  developing of a viable  resource, while fully supporting necessary socio-economic and environmental studies in order to better achieve the full cooperation needed for the coordination of ongoing project planning.

The Company is extremely pleased to have achieved this long sought after milestone.  This achievement  Is a testament to the quality of relationships obtained within the Community.  In addition, the company�s success has been instrustmental in fostering recent national interest refoms coupled with the introduction of strict Government Legislation which has stemmed the practice of laundering gold laden ores.

This agreement represents the final requirements necessary for submittal of an 8255 m drill plan with the receipt of a drill permit anticipated for early May.  Planned in two phases an initial 3015 m phase one drill program is designed to delineate a near surface resource with the second phase advancing the potential resource down dip and along strike.

On behalf of the Board of Directors, �John Huguet�
John Huguet
President & CEO
Aguila American Resources Ltd.


About Aguila

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 kilometers southwest of city of Cuzco, in the Department of Apurimac, southwestern Peru. Angostura is located in a prolific mineral trend, approximately 25km from the Las Bambas Mine, a $4.5 billion mineral production project being developed by Xstrata Mining Pty.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information visit www.aguilaamerican.ca


Aguila American Gold
Tel: (604) 685 9316
Fax (604) 683 1585
www.aguilaamerican.ca

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Aguila American Resources Ltd.

EXPLORATION STAGE
CODE : AGL.V
ISIN : CA0086312026
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Aguila American Res. is an exploration silver and gold company based in Canada.

Its main exploration property is ANGOSTURA PERU in Peru.

Aguila American Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 10.1 millions as of today (US$ 7.9 millions, € 6.5 millions).

Its stock quote reached its highest recent level on March 11, 2011 at CA$ 2.80, and its lowest recent point on May 15, 2017 at CA$ 0.03.

Aguila American Res. has 20 599 749 shares outstanding.

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Financings of Aguila American Resources Ltd.
5/19/2011Announces Closing of $5,379,750 Financing Via Short Form Off...
Nominations of Aguila American Resources Ltd.
9/19/2012Appoints Additional Director
Project news of Aguila American Resources Ltd.
2/18/2011(Angostura Peru)Aguila samples 16 g/t at 3 million ounce Gold target in Peru
2/18/2011(Angostura Peru)Completes Work Program on Peru Gold Project
11/30/2006(Angostura Peru)2006 Technical report
Corporate news of Aguila American Resources Ltd.
7/6/2016Aguila American Gold closes non-brokered Private Placement
6/16/2016Aguila American Gold Amends Non-Brokered Private Placement
6/13/2016Aguila American Gold Announces Non-Brokered Private Placemen...
5/3/2016Aguila American Gold Frankfurt Listing
4/27/2016Aguila American Gold Grants Stock Options
3/31/2016Aguila American Gold Announces Closing Of Non-Brokered Priva...
3/31/2016Aguila American Gold Provides Update On Angostura Property, ...
11/2/2015Aguila American Announces Approval of Environmental Impact A...
8/18/2014Aguila Provides Corporate Update
4/24/2013Gold Limited: Angostura Gold Project Drill Program Results
11/8/2012Announces Former Ventana Gold Executive as CEO
10/25/2012Gold Limited: Drilling Commences at Angostura Gold Project
3/5/2012(AGL:TSX-V) Signs Community Agreement and acquires Drill Per...
8/31/2011Gold Ltd. Featured in Gold Report Newsletter
7/22/2011 Growing Global Confidence in the Evolving Poli-Economic Cli...
5/9/2011Signs Community Agreement Proceeds with Drill Permitting
3/3/2011Negotiates More Favourable Terms for Angostura Gold Project
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