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Aguila American GOLD Grants Stock Options

Share Capital & Compensation

1

AGUILA AMERICAN GOLD GRANTS STOCK OPTIONS

Vancouver, British Columbia – November 6th, 2020: Aguila American Gold Limited (“Aguila” or

the “Company”) (TSX-V: AGL) announces the granting of stock options to its directors, officers, employees

and advisors for the purchase of up to 1,090,000 common shares, at an exercise price of $0.32 per share, for

a period of three years.

About Aguila American Gold Ltd (TSX.v: AGL)

Aguila American Gold is an emerging gold company enhancing shareholder value through exploration and

discovery.

ON BEHALF OF THE BOARD,

“Mark Saxon”

Mark Saxon

President & CEO

For further information, please contact:

www.aguila.gold

1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7

[email protected]

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.

Cautionary Note Regarding Forward-Looking Statements

Certain information set out in this news release constitutes forward-looking information. Forward looking statements are

often, but not always, identified by the use of words such as "seek", "anticipate; "plan", "continue; "estimate; "expect",

"may, "will", "intend", "could", "might", "should", "believe" and similar expressions. For ward-looking statements are

based upon the opinions and expectations of management of the Company as at the effective date of such statements and,

in certain cases, information provided or disseminated by third parties. Although the Company believes that t he

expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information

obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been

correct. Readers are cautioned not to place undue reliance on forward-looking statements.

These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially

from results contemplated by the forward -looking statements. Accordingly, the actual events may differ materially from

those projected in the forward -looking statements. When relying on forward -looking statements to make decisions,

investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue

reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements,

except as may be required by applicable securities laws.