Aguila Announces Proposed Share Consolidation

October 4, 2013 - Vancouver, British Columbia - Aguila American Gold Limited. (“Aguila”) or (the “Company”) (TSX-V: AGL) – announces that at the annual and special meeting of shareholders to be held on November 14, 2013, shareholders will be asked to approve a consolidation of all of the Company’s issued common shares on the basis of five (5) old common shares for one (1) new common share, to be effected at the discretion of the Company’s board of directors. If the 5:1 consolidation is effected, it will reduce the 43,330,302 shares of the Company currently issued and outstanding to approximately 8,666,060 shares. No fractional shares will be issued. Any fractions of a share will be rounded down to the nearest whole number of common shares. This consolidation is subject to shareholder and TSX Venture Exchange approval.

Management believes that the share consolidation is necessary to provide the Company with a share structure that will better attract capital financing and that will provide for future growth opportunities.

On behalf of the Board,

John Huguet President & CEO

Aguila American Gold Ltd.

Aguila American Gold Ltd. is an emerging gold exploration company with an experienced geological and executive management team focused on advancing and developing their flagship prospective gold project, Angostura. Angostura is located 180 kilometers southwest of city of Cuzco, in the Department of Apurimac, southwestern Peru. The project is 100% owned comprised of 8600 Ha over 11 concessions and is permitted for drilling by both the government and local community. The 2012 geophysics program of Mag and IP identified a number of promising anomalies that warrant further work. Angostura is located in a prolific mineral trend, approximately 25km from the Las Bambas Mine, a $4.5 billion mining project being developed by Xstrata Mining Pty.

For more information visit www.aguilaamerican.ca

Aguila American Gold Ltd.

Tel: (604) 685 9316 Fax: (604) 683 1585 http://www.aguilaamerican.ca

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.