NEWS RELEASE Shares Outstanding: 220,787,371

AQUILA RESOURCES ANNOUNCES ELECTION RESULTS FOR ITS 2015

ANNUAL GENERAL MEETING

TORONTO, ON - June 25, 2015 - Aquila Resources Inc. (TSX: AQA) ("Aquila"), a development-stage company with assets in the Great Lakes Region including its 100%-owned gold- and zinc-rich Back Forty Project in Michigan's Upper Peninsula ("Back Forty"), announced voting results for the election of directors at its Annual General Meeting ("AGM") of Shareholders held in Toronto June 24, 2015.

A total of 87,956,103 common shares representing 39.9% of all of the Company's issued and outstanding shares were voted in connection with the AGM. Shareholders approved all items of business before the AGM, including the election of Directors as follows:

"On behalf of the Board, I would like to thank outgoing Directors Ed Guimaraes and Peter Secker for their significant contributions and support over the years," said Mr. Mark Burridge, Chairman of Aquila Resources. "We are well positioned, with a strong balance sheet, to advance development of our flagship Back Forty project as a result of their efforts."

Mr. Burridge added, "I would also like to welcome Kevin Drover and Andrew Dunn as newly-elected Directors. I look forward to their insights and experiences as we move the Company through the next stage of development."

The Board of Directors held a meeting to reappoint officers and confirm committees. The Nomination Compensation and Governance committee is now composed of Edward J. Munden, Peter M.D. Bradshaw and Stephen Fabian, all independent Directors. The Nomination, Compensation and Governance committee is initially tasked with reviewing all of the Company's governance policies and procedures.

414 10th Avenue, Suite 1, Menominee, MI USA 49858 50 Richmond St. E., Suite 300, Toronto, ON, Canada M5C 1N7

906.352.4024 F: 906.352.4027 T: 416.646-1850 F: 416.596-9840

www.aquilaresources.com

Shareholders also voted in favour of re-appointing MNP LLP as auditors of the Company.

About Aquila Resources

Aquila Resources Inc. (TSX: AQA) is a development-stage company with assets in the Great Lakes Region

including its 100%-owned gold- and zinc-rich Back Forty Project in Michigan's Upper Peninsula.

The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release. Neither the 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.

Barry Hildred, CEO Aquila Resources Inc. Tel: 416 477 6985

Email: [email protected]

Joe Racanelli

TMX Equicom

Tel: 416 815 0700 ext. 243

Email: [email protected]

This press release contains certain forward-looking statements within the meaning of applicable Canadian securities legislation. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" and similar expressions suggesting future outcomes or statements regarding an outlook.
Forward-looking statements relate to any matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, without limitation, statement with respect to: (i) the economic analysis contained in the PEA; (ii) the development plan of the PEA and results thereof; (iii) capital expenditure programs; (iv) the quality or quantity of the mineral resources subject to estimates by Aquila; and (v) work plans to be conducted by Aquila.
These and other forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Aquila to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. Aquila expressly disclaims any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents Aquila's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue

414 10th Avenue, Suite 1, Menominee, MI USA 49858 50 Richmond St. E., Suite 300, Toronto, ON, Canada M5C 1N7

906.352.4024 F: 906.352.4027 T: 416.646-1850 F: 416.596-9840

www.aquilaresources.com

reliance on forward-looking statements or information. Furthermore, mineral resources that are not mineral reserves do not have demonstrated economic viability.

414 10th Avenue, Suite 1, Menominee, MI USA 49858 50 Richmond St. E., Suite 300, Toronto, ON, Canada M5C 1N7

906.352.4024 F: 906.352.4027 T: 416.646-1850 F: 416.596-9840

www.aquilaresources.com