AQUILINE RESOURCES INC

Aquiline Resources Inc. has received a revised Mineral Resource Estimate for the Pico Machay Gold Project in Peru. The resource was calculated using a 0.3 g/tonne gold cut-off grade and comprises Measured plus Indicated resource of 7,700,000 tonnes at an average grade of 0.88 g/t for 220,000 oz Gold in the Mixed Zones and 2,900,000 tonnes at an average grade of 0.52 g/tonne for 50,000 oz Gold in Non-Oxidized Zones. The Inferred Resource comprises 7,700,000 tonnes at an average grade of 0.61 g/tonne for 150,000 oz Gold in the Mixed Zones and 16,200,000 tonnes at 0.57 g/tonne for 300,000 oz Gold in the Non-Oxidized Zones.