Aquila Resources Inc announced that an updated National Instrument 43-101 mineral resource estimate is underway at the Back Forty Project in the Upper Peninsula of Michigan. The target completion date for the updated resource estimate is by year end of 2010.

The new resource will reflect over 11,000 meters of additional drilling completed during 2009 and 2010 including substantial gold only mineralization which was not included in the previous mineral resource, calculated in January of 2009. The majority of the holes targeted additional mineralization within a conceptual pit shell which, based on the 2009 Resource Estimate, contained 5.9 million tonnes of 2.46 grams per tonne gold, 33.1 gram per tonne silver, 4.06% zinc and 0.61% copper. The in pit resource is expected to increase with the updated resource estimate. The Back Forty Deposit remains open at depth and other near deposit targets remain untested.

A work plan and budget for exploration and further drilling at the project to be funded under the HudBay and Aquila Subscription, Option and JV Agreement will be forthcoming as will the results of the final 37 holes drilled in the recently completed program.

Mr Thomas O Quigley president & CEO of Aquila said that "Drilling has encountered significant amounts of gold, silver and zinc in our recent program and we look forward to the results of the new mineral resource at the Back Forty Project. We believe the deposit currently ranks in the top 10% of VMS deposits in the world in terms of precious metal content and the recent high grade near-surface gold results could increase this profile significantly."