Aguila American Gold Grants Stock Options

Vancouver, British Columbia--(Newsfile Corp. - November 6, 2020) - Aguila American Gold Limited (TSXV: AGL) ("Aguila" or the "Company") announces the granting of stock options to its directors, officers, employees and advisors for the purchase of up to 1,090,000 common shares, at an exercise price of $0.32 per share, for a period of three years.

About Aguila American Gold Ltd (TSXV: AGL)

Aguila American Gold is an emerging gold company enhancing shareholder value through exploration and discovery.

ON BEHALF OF THE BOARD,

"Mark Saxon"

Mark SaxonPresident & CEO

For further information, please contact:

www.aguila.gold1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7info@aguila.gold^[1][2]

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.

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. 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. 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67695^[3]

References

1. ^{^} www.aguila.gold (www.newsfilecorp.com)
2. ^{^} info@aguila.gold (www.newsfilecorp.com)
3. ^{^} https://www.newsfilecorp.com/release/67695 (www.newsfilecorp.com)