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Aguila American Gold Limited: Aguila American Gold Completes Initial Drill Program at the Wusa Gold Project in Oregon

(2) Vancouver, British Columbia (Newsfile Corp. - December 16, 2020) - Aguila American Gold Limited (TSXV: AGL) (WKN: A2DR6E) ( Aguila or the Company ) is pleased to announce the safe and successful completion of the Company s maiden drill program at the WUSA project in Oregon, USA. Four diamond core holes achieved planned target depths for a total of 649 meters. The drilling crew is now demobilizing from site. The WUSA drill program tested the Scorpion-Cinnabar prospect, one of four prospects identified at the WUSA Gold Project to date. Scorpion-Cinnabar is defined by a 2.2 km long and up to 400-metre-wide gold and arsenic in soil geochemical anomaly that trends south of the historic Black Butte epithermal mercury mine. An association between mercury and epithermal gold mineralization is very common, where gold may lie at depth or along strike from the mercury enriched zone.

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