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Aquila Resources Provides Back Forty Project Permit Application Update

TORONTO, Dec. 8, 2017 /CNW/ - Aquila Resources Inc. (TSX: AQA) ("Aquila" or the "Company") is pleased to announce that the Michigan Department of Environmental Quality ("MDEQ") has deemed Aquila's wetland/steam/floodplain permit application for the Back Forty Project administratively complete and the regulatory technical review process can now move to the next stage. This is the fourth and final permit required to build and operate the Back Forty Project, a planned open-pit, zinc-gold mine in Michigan's Upper Peninsula.

Today, the MDEQ issued their public notice, along with an announcement of a January 23, 2018 public hearing as requested by Aquila. The MDEQ review process, along with the public hearing provides the community with opportunities to comment on the permit application. In addition, the MDEQ will gather input from various regulatory agencies, including from the United States Environmental Protection Agency ("EPA").

A final permit decision is expected from the MDEQ in the first half of 2018.

ABOUT AQUILA RESOURCES

Aquila Resources Inc. (TSX: AQA) is a development-stage company with strategic assets in the Great Lakes Region. The company's experienced management team is currently focused on advancing permitting activities for its 100%-owned gold- and zinc-rich Back Forty Project in Michigan.

Aquila's flagship Back Forty Project is an open pit volcanogenic massive sulfide deposit with underground potential located along the mineral-rich Penokean Volcanic Belt in Michigan's Upper Peninsula. The Project contains approximately 1 billion pounds of zinc and 1 million ounces of gold in the M&I categories, with additional upside potential. Currently Aquila is trying to secure the final State permit required to build and operate Back Forty while completing a Feasibility Study.

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