Aguila American Announces Results of Annual and Special Meeting

AGUILA AMERICAN ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING

Vancouver, British Columbia – January 24, 2019: Aguila American Gold Limited (“Aguila” or the “Company”)

(TSX-V: AGL) announces that at its annual general and special meeting (“AGSM”) of shareholders held January 24 ,

2019, the shareholders of the Company re-elected Messrs. Nick DeMare, Blair Way and Dusan Berka as directors of the

Company. The shareholders also passed all other resolutions including ordinary resolutions to : (i) ratify and approve

the existing stock option plan, pursuant to which the Company may grant stock options up to 10% of its issued and

outstanding common s hares at the time of the grant; and (ii) approve any private placement arranged by the Company,

which may result in the creation of a new “ Control Person ”, as defined under the policies of the TSX Venture

Exchange, from the acquisition by Nick DeMare of securities of the Company pursuan t to such private placement. Mr.

DeMare abstained from voting on the change of control resolution.

Following the AGSM, Mr. Nick DeMare was appointed as interim Chief Executive Officer, Chief Financial Officer and

Corporate Secretary. Messrs. Blair Way, Dusan Berka and Nick DeMare were appointed to the audit committee.

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.