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TWO.V ·

Aguila Announces the Sudden Passing of President and CEO John Huguet

Management Changes

VANCOUVER, BRITISH COLUMBIA – FEBRUARY 6TH 2017: Aguila American Gold Limited (“Aguila” or the “Company”) (TSX-V: AGL) Mr. Nick DeMare CFO and Corporate Secretary regrets to announce the sudden passing of Mr. John Huguet, President and CEO of the Company.

Said Mr. DeMare “The news of the sudden passing of Mr. Huguet has been a great shock to all of us. Having had the pleasure of knowing and working with John for many years, it is difficult to have to inform shareholders of this loss. John was a gentleman and worked hard to advance the development of the Company’s properties in Peru. The Board wishes to convey our sincerest and heartfelt condolences to John’s wife, children, family and friends. John will be missed by all.”

At this time Mr. DeMare has taken on position of interim CEO of the Company .

ON BEHALF OF THE BOARD,

“Nick DeMare”

Nick DeMare, CFO & Corporate Secretary

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.