Zinc

[Lone Clone]

Aquila Drills Largest Zinc Intercept to Date 87 Meters 9.8% Zinc and Identifies Additional Gold Mineralization 27.8 Meters 5.07 Grams Per Tonne Gold
Monday June 18, 1:00 am ET

http://biz.yahoo.com/ccn/070618/200706180397478001.html?.v=1

TORONTO, ONTARIO--(CCNMatthews - June 18, 2007) - AQUILA RESOURCES INC. (TSX:AQA - News; FRANKFURT:JM4A - News; "Aquila" or the "Company") today announced results of recent drilling at the Back Forty project. These results represent holes targeting expansion of high grade gold and base metals of the Main Zone Hinge and Deep Zone massive sulfides and stringer zones.

Highlights include:

Main Zone Hinge:

- 87 meters of 9.8% zinc and 2.32 grams per tonne (g/t) gold, including 36 meters 17.5% zinc in LK-165

- 54.3 meters of 3.09 g/t gold, 13.9 g/t silver, and 0.40% copper, including 27.8 meters of 5.07 g/t gold, in massive sulfides and stockwork stringer mineralization in LK-161

- 16.35 meters of 2.05 g/t gold in LK-163

Deep Zone:

- 19.96 meters of 3.01% zinc, 0.38 g/t gold, 12.2 g/t silver in LK-161

More detailed results are shown in the table below.

 
  
 --------------------------------------------------------------------------- 
                               Summary Drill Results 
 --------------------------------------------------------------------------- 
                  All 
              Intervals 
              in Meters  Width(i) g/t   g/t    %    %    % 
  Hole #     From     To           Au    Ag   Cu   Pb    Zn      Description 
 --------------------------------------------------------------------------- 
                                                                   Main Zone 
                                                                     massive 
 LK-161     97.69  152.0   54.31 3.09 13.88 0.40 0.09  0.07      sulfide and 
                                                                    stringer 
  
                                                                   Main Zone 
                                                                     massive 
 including  97.69  125.5   27.81 5.07 18.60 0.60 0.12  0.12      sulfide and 
                                                                    stringer 
  
                                                                   Main Zone 
                                                                     massive 
 including  105.0  122.5    17.5 6.57 20.61 0.68 0.13  0.14      sulfide and 
                                                                    stringer 
 --------------------------------------------------------------------------- 
                                                                   Deep Zone 
 LK-161     272.0 291.98   19.98 0.40 13.05 0.08 0.08  3.01  massive sulfide 
  
                                                                   Deep Zone 
 including  279.5  287.0     7.5 0.38  12.2 0.06 0.07  3.93  massive sulfide 
 --------------------------------------------------------------------------- 
                                                            Sulfide Stringer 
 LK-162     79.51    142   62.49 0.49   (ii) (ii) (ii)  (ii)    and QFP dike 
 including  79.51   86.0    6.49 1.90   (ii) (ii) (ii)  (ii)Sulfide Stringer 
 --------------------------------------------------------------------------- 
  
 LK-163     32.73     63   30.27 1.44   (ii) (ii) (ii)  (ii)Sulfide Stringer 
  
 including  39.85   56.2   16.35 2.05   (ii) (ii) (ii)  (ii)Sulfide Stringer 
  
 including  39.85   45.5    5.65 3.05   (ii) (ii) (ii)  (ii)Sulfide Stringer 
 --------------------------------------------------------------------------- 
 LK-165    114.65 201.65    87.0 2.32 17.37 0.30 0.03  9.80  Massive Sulfide 
  
 including 161.15 197.15      36 2.40 19.04 0.43 0.02 17.48  Massive Sulfide 
  
 including 168.65 188.15    19.5 2.23  22.0 0.58 0.02 23.54  Massive Sulfide 
 --------------------------------------------------------------------------- 
 (i)Drilled interval, true width unknown 
 (ii)Trace metal analyses pending/delayed 
 

Drill holes LK-161, 162, 163, and 165 were designed to test the lateral extent of exceptionally large, zinc rich massive sulfide and associated gold mineralization initially defined by holes LK-148, LK-150, LK-151, and 108416 within and on the northern margin of the Main Zone Hinge. LK-160 and LK-164 were aborted due to drilling conditions.

LK-165 was an infill hole drilled in a poorly defined portion of the Main Zone Hinge, and has yielded the largest massive sulfide intercept drilled to date, nearly doubling the massive sulfide thickness used in the NI 43-101 resource model for this area of the Hinge.

Significant gold mineralization was encountered in LK-161, 162 and 163, confirming the presence of yet another concentration of the precious metals at Back Forty. This zone, centered about section 435225E may be structurally controlled and related to a postulated fault that down-drops the Main Hinge zone westward. Previous intercepts in this area included 17.3 meters of 6.62 g/t Au in 108416 and 58.5 meters of 5.1 g/t Au in LK-148.

The gold in LK-163 is significant because it has identified potentially economic mineralization above Main Zone Hinge massive sulfides within 50 meters of surface.

LK-161 also intersected zinc mineralization in the Deep Zone massive sulfide, further defining the geometry and increasing the base-metal potential of this zone.

Drilling in the Main Zone Hinge area continues to define and expand thick massive sulfides and underlying stringer gold-copper mineralization as well as porphyry margin gold mineralization and possible eastward extensions of the 90 Gold Zone. This area of drilling lies between the near surface gossans and massive sulfides of the East Zone (1 million tonnes of 5.2% zinc and 4.0 g/t gold) and the near surface Pinwheel Zone (1.25 million tonnes of 1.6% copper, 2.53 g/t gold, and 66 g/t silver). The extent of mineralization in the Main Zone Hinge area will be important in determining the size and geometry of potential open pit design related to these near surface zones.

Two additional drill holes (RS-1 and RN-3) testing AEM anomalies on a separate property to the south intersected disseminated pyrrhotite mineralization in volcanic rocks and exhalative sediments of probable equivalent age to the Back Forty lithologies. No significant base or precious metals were encountered. The holes are scheduled for follow-up downhole pulse EM surveying this summer.

To date, samples from six additional drill holes have been shipped for assay and five more holes have been completed and are in core processing. Three rigs continue to operate at the Back Forty property. Targets include the down-dip expansion of the Pinwheel Zone, the deep on-strike extension of the Main Zone South Limb, and the continued delineation of gold and massive sulfide mineralization associated with the Main Zone Hinge. An up to date plan map of completed and pending holes is available on the company's website at http://www.aquilaresources.com/projects.php#map.

Sample preparation and analyses for this release were conducted by Accurassay Labs in Thunder Bay, Ontario on split drill core supplied by Aquila. Standards were inserted in the sample sequences with check assays and re-run's routinely conducted. Tom Quigley, P.Geo. and President of Aquila is the Qualified Person as described in National Instrument 43-101 for the Back Forty Project and is responsible for the content of this press release.

Certain information regarding the Company contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. The securities being offered have not and will not be registered in the United States under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws, and may not be offered or sold within the United States or to or for the account of benefit of U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to purchase securities in the United States.

Shares Outstanding: 70,109,478

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the contents of this release.


Contact:

Robin Dunbar
Aquila Resources Inc. (Toronto)
CFO
[phone]
Email: [e-mail]

Thomas O. Quigley
Aquila Resources Inc. (U.S.)
President
[phone]
Email: [e-mail]

Source: Aquila Resources Inc.