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Aquila Resources Inc.

11:51 AM EST - Aquila Resources Inc. : provided an updated mineral resource estimate for the Back Forty Project in the Upper Peninsula of Michigan. Aquila holds a 49% joint venture interest in Back Forty and Hudbay Minerals Inc. holds a 51% interest and is the current operator. The updated mineral resource estimate includes data from an additional 78 drill holes. The open pit measured and indicated resource is 9.65 million tonnes with improved metal grades over the previous mineral resource estimate, which was prepared in 2010. Aquila Resources Inc. shares T.AQA are trading unchanged at $0.15.