Aquila Resources Inc. (TSX: AQA) is focused on the exploration, evaluation and potential development of the Back Forty Project in Menominee County, Michigan, USA. This advanced-stage volcanogenic massive sulfide (VMS) deposit containing gold, zinc, copper and silver was discovered in 2001.   Aquila is pleased to announce that they have entered into a Subscription, Option and Joint Venture Agreement with HudBay Minerals Inc. HudBay brings to the project extensive development and operating expertise, as well as financial resources and marketing expertise for the metals to be produced at the Back Forty.  This transaction will allow us to maintain our timeline for development of the Project, and is a strong fit with the Aquila strategy of working to create shareholder value by participating in building and maintaining economically sound, environmentally responsible operations with a focus on safety and social responsibility.       Current Events "Budget of US$18.5 Million for Back Forty Project announced by Hudbay and Aquila" January 11, 2010   "Aquila and HudBay Drilling Intersects Exceptional Gold and Silver Grades" December 9, 2009   "Aquila Resources and HudBay Minerals Back Forty Drilling Intersects 20.2 meters . . ." November 30, 2009   Monthly Informational Meeting Thursday February 18, 2010 6:00 PM (CDT) Carney-Nadeau American Legion Post 487 222 US 41, Carney, MI   Topic:    Kinetic Testing of Mine Rock Given By:  Jon Manchester, Senior Technology Manager, FOTH   The Public Is Encouraged To Attend   Did You Know? The average American house contains slightly more than a quarter of a million pounds of minerals and metals.  There are 128 million housing units in the country. Source: www.mmi.org

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