January 18, 2005 - Aguila American Resources Ltd. (TSX-V: AGL) announces that the 250,000 stock options announced on October 25, 2004 will not proceed. Instead, the Company has now granted 180,000 stock options, exercisable at $0.25 per share for a period of three years.

ON BEHALF OF THE BOARD

"John Huguet" 
John Huguet, Director