The induced polarization survey completed in July of 2012 shows the section containing the above results as on the edge of a small chargeability high (5) and in the contact of a resistivity high. The chargeability highs are interpreted as oxide to sulphide mineralization and the resistivity highs are interpreted as limestones. There are 4 other paired chargeability and resistivity anomalies north and east of the zone drilled. These 4 anomalies are all larger and with higher chargeability's then the area drilled. An example of these anomalies is shown on the 3700 level section of the geophysics program below. The brown ring #5 is the area of the drill program as permitted prior to the completion of geophysics. The next round of drilling will be targeting the larger anomalies 1 - 4.
To view the map accompanying this press release, click on the following link: http://media3.marketwire.com/docs/a423m.jpg
-- Drill hole intervals reported herein are not true widths, which cannot be determined due to uncertain geometry of mineralization at this time.-- Drill hole intervals are weight-averaged based on the sample width. No internal cut-off grades were used in the reported intervals.
Angostura is highly prospective, rapid growth gold exploration asset containing eight titled concessions consisting of 8,644 ha. The target mineralization has been interpreted as gold bearing oxide replacement bodies in brecciated limestone. This fault has a 4.8 km known strike length trending ENE along the limestone/sediment contact and with various known occurrences of oxide gold mineralization and iron carbonate alteration. Two contiguous zones of mineralization have been mapped in the fault contact between Ferrobamba Limestone and younger sediments over a strike length of 425 meters.
Mr. James A. McCrea., P. Geo., VP Exploration, a Qualified Person as defined by NI 43-101, has reviewed this news release and approves all scientific and technical disclosure.
ON BEHALF OF THE BOARD
Blair Way, Chief Executive Officer
Aguila American Gold Limited
Aguila American Gold Limited 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 mining project being developed by Xstrata Mining Pty.
For more information visit www.aguilaamerican.ca
Statements in this press release regarding the Company which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties may prove to be inaccurate for any reason whatsoever. Actual results in each case could differ materially from those currently anticipated in such statements. Except as required by law the Company does not intend to update any changes to such statements.
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.
Aguila American Gold Limited
(604) 685 9316
(604) 683 1585 (FAX)