Aguila American Gold Amends Non-Brokered Private Placement

Vancouver, British Columbia – June 14, 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, the Company has amended the non-brokered private placement by increasing the amount of the financing and adding warrants. The Company will now issue up to 2,428,600 units (the “Units”), at a price of $0.07 per Unit, to raise gross proceeds of up to $170,002. Each Unit comprises one common share and one common share purchase warrant (a “Warrant”). Each Warrant will entitle 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 will be payable on a portion of the private placement and net proceeds will be used for working capital. Insiders will 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,

“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.