Aguila Announces Private Placement Financing

AGUILA AMERICAN RESOURCES LTD.

#1305 - 1090 WEST GEORGIA STREET VANCOUVER, B.C. V6E 3V7 Tel: (604) 685 9316 Fax (604) 683 1585 TSX Venture Symbol: AGL

NEWS RELEASE NOVEMBER 5, 2010

AGUILA ANNOUNCES PRIVATE PLACEMENT FINANCING

Vancouver, BC, Canada - Aguila American Resources Ltd. (the "Company") (TSXV: AGL) announces a non-brokered private placement financing of up to 2,000,000 units at $0.20 per unit. Each unit comprises one common share and one-half of a share purchase warrant. Each full warrant will be exercisable into one additional common share for a period of two years from the date of closing of the financing at an exercise price of $0.40.

The net proceeds from the financing will be used to fund exploration work on the Company’s mineral properties and for general working capital.

The financing is subject to regulatory approval by the TSX Venture Exchange.

ON BEHALF OF THE BOARD

"John Huguet"

John Huguet, President & CEO

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.