UPDATE ON BIG RANCH DRILLING AND TRÊS ESTRADAS PERMITTING

Highlights:

  • Diamond drilling well underway at Big Ranch with 3 holes drilled and a 4th commencing this week
  • Ground geophysics completed at Canhada copper target
  • Community outreach continues in Rio Grande do Sul in anticipation of upcoming public hearings for Três Estradas

Aguia Resources Limited (ASX: AGR, TSXV:AGRL) (“Aguia” or the “Company”) is pleased to report that the 3,000 metre diamond drilling program at the Big Ranch copper prospect in Southern Brazil is advancing to plan with 3 holes now drilled and a 4th to commence this week. First assays are anticipated before the end of the year. As previously announced, the Company has discovered a new zone of copper mineralisation on 23 tenements across 34,000 hectares on ground staked within the Rio Grande Copper Belt, in the State of Rio Grande do Sul, Brazil.