Aguila American Gold Closes Non-Brokered Private Placement

Vancouver, British Columbia – July 5, 2016: Aguila American Gold Limited (“Aguila” or the “Company”) (TSX-V: AGL) Mr. John Huguet, President and CEO, announces that further to the Company’s press release dated June 3, 2016, as amended July 14, 2016, the Company has closed the non-brokered private placement by issuing 2,428,600 units (the “Units”), at a price of $0.07 per Unit, for gross proceeds of $170,002. Each Unit comprised one common share and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase an additional common share of the Company at a price of $0.10 per share for a period of two years from closing. A finder’s fee of 59,000 units was paid on a portion of the private placement. Net proceeds will be used for working capital. A director participated in the financing. All securities issued are subject to a hold period of four months plus one day from the date of closing.

ON BEHALF OF THE BOARD,

“John Huguet”

John Huguet President and CEO

Aguila American Gold Limited

Aguila American Gold Limited is an emerging gold exploration company with an experienced executive management team focused on advancing and developing their prospective gold project, Angostura. Angostura is located 180 kilometres southwest of city of Cuzco, in the Department of Apurimac, southwestern Peru. Angostura is located in a prolific mineral trend, approximately 25 kilometres from the Las Bambas Mine, a major mining project being developed in the area.

For more information visit www.aguilagold.com

Aguila American Gold Limited

Tel: (604) 685 9316 Fax: (604) 683 1585 http://www.aguilagold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.