On January 31, 2022, Aguila Copper Corp. (“Aguila Copper”) announced it completed the due diligence and progression to a binding option (the “Option Agreement”) to acquire up to a 90% interest in 28 mining claims and 1 mineral lease totalling 4,968 hectares (the “Acquisition”) that covers the Sherridon Mining District in central western Manitoba (the “Property”). Pursuant to the Option Agreement, Aguila Copper paid $15,000 to Halo Resources Ltd. and must issue 100,000 common shares in the capital of Aguila Copper within six months of the closing date of the Acquisition (the “Closing Date”). Aguila must have incurred an exploration expenditure of $100,000 by the first anniversary of the Closing Date and a $900,000 exploration expenditure by the fourth anniversary of the Closing Date to acquire an 80% interest in the Property, and an additional $1,000,000 to acquire a 90% interest in the Property.

Aguila Copper is an emerging copper and precious metal company enhancing shareholder value through exploration and discovery.

Further details regarding Aguila Copper and the Acquisition can be found on Aguila Copper’s website. Aguila Copper trades under the symbol “AGL” on the TSX Venture Exchange.