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.