VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/19/12 -- Aguila American Gold Limited ("Aguila") or (the "Company") (TSX VENTURE: AGL) - Mr. John Huguet, President and CEO, is pleased to announce the appointment of Mr. D. Blair Way, MBA, BSc. Geology, to the Board of Directors.
Mr. Way is a seasoned, well-educated professional with over 20 successful years in project development and a career marked by ever increasing responsibility.
Most recently, as Vice-President Project Development, a member of the Ventana Gold Corp. (TSX: VEN) executive management team reporting to the CEO, Mr. Way successfully completed the 43-101 compliant scoping study and preliminary project works for the development of a 43-101 compliant technical feasibility report. In this capacity, he developed, planned and implemented the necessary pilot plant and exploration tunnel activities for the completion of the feasibility study. Ventana was purchased by Mr. Eike Batista in 2009 for $1.5 billion.
Immediately prior to the success at the Ventana Gold Corp. Columbian project, Mr. Way served as Oceanagold Philippine Country President and Project Director for the Didipio Gold Copper project.
John Huguet states: "To attract a director the caliber of Blair Way is a tremendous credit to the quality of the gold asset we have at Angostura and a major benefit to our shareholders. Blair has just been through a major transaction in the junior gold space and was responsible for driving the company toward development and production, thus creating further value and instigating the purchase. The appointment is both welcomed and timely for Aguila."
Stock options have been granted for the purchase of up to 270,000 shares, at a price of $0.20 per share, for a period of three years.
On behalf of the Board of Directors,
John Huguet, President, Chief Executive Officer and Director
Aguila American Gold Ltd.
Aguila American Gold Ltd. 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.
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 Ltd.
(604) 685 9316
(604) 683 1585 (FAX)