Aquila Resources Inc. has entered into an exclusivity agreement with Orion Mine Finance on a multi-level financing transaction that will include a private placement and a silver stream for total funding of $20.75 million. The Proposed Transaction is subject to satisfactory completion of due diligence by Orion, the execution of mutually acceptable definitive agreements and receipt of Toronto Stock Exchange approvals. Proceeds from the Proposed Transaction will be used to fund the next stage of development at Back Forty, including the completion of permitting activities and a feasibility study, and the re-purchase of existing royalties on the Back Forty Project.