Aguila Copper Announces Results of AGM, Appointment of New Director

Vancouver, British Columbia – January 27, 2022 Aguila Copper Corp. (“Aguila” or the “Company”) (TSX-V: AGL) (OTCQB: AGLAF) (WKN: A2DR6E) announces that at its annual general meeting (“AGM”) of shareholders held January 25th, 2022, the shareholders of the Company re-elected Messrs. Mark Saxon, Nick DeMare, Blair Way and Dušan Berka as directors of the Company. The shareholders also passed all other resolutions including an ordinary resolution to 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 shares at the time of the grant.

The Company is pleased to announce that following the AGM, the Board appointed Ms. Amanda Dahl as a new director of the Company. Ms. Dahl has over 20 years of experience in geoscience, project management, operational excellence, corporate and business planning, and business development. Many of these years were spent at Cameco Corporation, a global leader in uranium production, and more recently as the founder and principal of Boost Consulting, specializing in major project management and operational improvement.

Ms. Dahl’s geological roles focused on both discovery, and mergers and acquisitions in Canada, Africa, and South America. Ms. Dahl holds a BSc. in Geology from the University of Saskatchewan. She is a resident of Saskatoon, Saskatchewan, Canada.

“We are very pleased to welcome Amanda Dahl to the Board at this pivotal time in Aguila’s growth” said Mark Saxon, CEO of Aguila Copper Corp. “Amanda has an impressive track record with Cameco, moving from technical to strategy and planning roles, and has more recently built her own business to support companies in central Canada. She is a great fit as Aguila embarks on copper, zinc and nickel discovery and development in Manitoba and Saskatchewan.”

The Board also appointed Mark Saxon as President & CEO and Nick DeMare as CFO and Corporate Secretary of the Company. Messrs. DeMare, Way and Berka were appointed to the audit committee.

The Company granted stock options for the purchase of up to 150,000 common shares, exercisable at $0.25 per share for a period of three years.
 

About Aguila Copper Corp (TSX.v: AGL) (OTC: AGLAF) (WKN: A2DR6E)

Aguila Copper Corp is an emerging copper and precious metal company enhancing shareholder value through exploration and discovery.

Neither the 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. Forward-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. Forward-looking statements in this news release include statements regarding the closing of the transactions contemplated in the Option Agreement, the exercise of the option and the Exchange approval of the Option Agreement. Although the Company believes that the 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. Such risks include the ability of the Company to complete all payments, share issuances and expenditures required under the Option Agreement, the Exchange approval to the Option Agreement and uncertainties relating to exploration activities. 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.