Highlights:

Initial drill program will take three months – scout drilling to define best area of focus
Four target areas selected based on geological, geochemical and geophysical data
Drilling designed to evaluate positive results from soil samples, trenching and ground geophysics
Três Estradas permitting process in final stages with government site visits and public hearings

TORONTO, Canada, October 10, 2018 – Aguia Resources Limited (ASX: AGR, TSXV:AGRL) (“Aguia” or the “Company”) is pleased to confirm that a 3,000 metre diamond drilling program at the Big Ranch copper prospect in Southern Brazil is now underway.

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