Aquila Resources Enters Into Arrangement Agreement With Gold Resource Corporation

Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) (Aquila or the Company) is pleased to announce that it has entered into a definitive arrangement agreement (the Arrangement Agreement) with Gold Resource Corporation (GORO) (NYSE American: GORO) providing for the acquisition by GORO of all the issued and outstanding common shares of Aquila by way of a plan of arrangement under the Business Corporations Act (Ontario) (the Transaction).