Aquila Resources Announces Election of Directors

Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) (“Aquila” or the “Company”) announces that the six nominees listed in the management information circular for its 2021 annual meeting of shareholders (the “Meeting”) held earlier today were elected as directors of Aquila. 129,198,908 shares were represented at the Meeting, representing 38.1% of Aquila’s issued and outstanding common shares. The detailed results of the vote for the election of directors are set out below:

Nominee

Votes For

% Votes For

Votes Withheld

% Votes
Withheld

Barry Hildred

96,050,617

99.507%

476,248

0.493%

Edward J. Munden

53,038,526

54.947%

43,488,339

45.053%

Andrew W. Dunn

96,148,385

99.608%

378,480

0.392%

Paul Johnson

96,158,585

99.618%

368,280

0.382%

Ian Pritchard

96,143,385

99.603%

383,480

0.397%

Pamela Saxton

96,173,385

99.634%

353,480

0.366%

Final voting results on all matters voted on at the Meeting will be filed on SEDAR at www.sedar.com.

ABOUT AQUILA
Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) is a development‐stage company focused on high grade polymetallic projects in the Upper Midwest, USA. Aquila’s experienced management team is currently advancing pre-construction activities for its flagship 100%‐owned gold and zinc‐rich Back Forty Project in Michigan.

The Back Forty Project is a volcanogenic massive sulfide deposit with open pit and underground potential located along the mineral‐rich Penokean Volcanic Belt in Michigan’s Upper Peninsula. Back Forty contains approximately 1.1 million ounces of gold and 1.2 billion pounds of zinc in the Measured & Indicated Mineral Resource classifications, with additional exploration upside. An optimized Feasibility Study for the Project is underway.