Aguila American Announces Non-Brokered Private Placement

Vancouver, British Columbia – March 27, 2019: Aguila American Gold Limited (“Aguila” or the “Company”) (TSX-V: AGL) announces that the Company has arranged a non-brokered private placement financing of up to 200,000 units, at a price of $0.12 per share, with each unit comprising one common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional common share at a price of $0.16 for one year. The proceeds will be used for general working capital. Insiders may participate in the financing. All securities issued will be subject to a four month hold period from the date of closing. The financing is subject to the approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD,

“Nick DeMare”

Nick DeMare Interim CEO and CFO

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.