Mr. Barry Hildred reports

AQUILA RESOURCES ANNOUNCES GRANT OF 3.95 MILLION OPTIONS

Aquila Resources Inc. has granted 3.95 million options to certain directors, consultants and officers. All options are exercisable at 19 cents per share and expire in five years. Of the total options granted, 1,737,500 vest immediately and 2,212,500 will vest on each of the first, second and third anniversaries.

We seek Safe Harbor.