FEBRUARY 11, 2011 - Vancouver, British Columbia - Aguila American Resources Ltd. (“Aguila”) or (the “Company”) - TSX-V: AGL - Mr. John Huguet is pleased to announce the appointment of Mr. Christopher R. Verrico as Chief Operating Officer and Director of the Company, Mr. Dušan Berka, P. Eng., as an Independent Director and Mr. Jim McCrea, P.Geo, as Vice President of Exploration.
Mr. Verrico brings 25 years of mine development/operations experience within B.C., Alaska and Canadian Territories managing and contracting bulk mining, ore handling and remote infrastructure construction. More recently Mr. Verrico’s focus has been scoping resource development opportunities throughout the Americas, having key participation in raising more than $100 million of venture capital for, and is a Director of, a number of Canadian junior public companies. Mr. Verrico is currently CEO of Lateegra Gold Corp., an aggressive explorer in the heart of the Timmins Gold mining camp of northern Ontario, Canada.
Mr. Berka, P. Eng., has over 35 years of international business experience spanning Europe and the Americas with extensive experience in the finance, marketing and administration of public companies, having served as a Director and Officer of various public companies traded on the TSX, TSX Venture and NASDAQ exchanges. A graduate engineer with a M.Sc. (Dipl.Ing.) degree from Slovak Technical University, Bratislava, Slovakia (1968), Mr. Burka has been a member of the Association of Professional Engineers and Geoscientists of British Columbia since 1977.
Mr. McCrea has more than 20 years experience in exploration and mining geology, and 15 years experience in mineral resource estimation. Mr. McCrea’s experience was gained through working for junior mining/exploration companies and engineering companies, SRK and Snowden. His geological expertise ranges from technical review and due diligence to resource estimation and feasibility studies. Mr. McCrea has experience in a range of commodities, but primarily gold, silver and copper, in a variety of geographic settings around the world with particular focus on Central and South America. Having performed ore body modeling and resource estimation for the successfully targeted take over company Cumberland Resources Ltd. by Agnico-Eagle Mines Ltd. and, more recently, Mr. McCrea has completed mineral resource estimations underpinning ongoing or future feasibility studies for companies such as Silver Standard Resources Inc. and Candente Resource Corp. to mention but a few.
“We are extremely pleased to have Chris, Dušan and Jim join us in the development of the Company's assets," states Mr. John Huguet, President and Chief Executive Officer of Aguila. These professionals have extensive experience in South America and knowledge of our geology at Angostura which will help bolster the team in preparation for rapid advancement of the project."
Mr. Shafiq Gulamani has resigned as a director of the Company effective immediately. Mr. Gulamani has served as a director of the Company for almost eight years and the Board wishes to thank him for his service to the Company throughout this time and wishes him well in his future endeavours.
The Company has granted incentive stock options to its directors, officers, consultants and employees, under its stock option plan, for the purchase of up to 550,000 common shares of the Company, for a period of two years, at a price of $0.40 cents per share.
On behalf of the Board of Directors,
“John Huguet”
John Huguet
President & CEO
Aguila American Resources Ltd
For further information:
Damien Lowry,
Contact Vancouver Head Office
#1189, 789 W. Pender Street Vancouver, B.C. V6C 1H2 Canada
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