Sydney - Aguia Resources Limited ABN 94 128 256 888 (ASX: AGR) ('Aguia' or the 'Company') confirms strong assay results from the first phase, 2,000 metre diamond drilling program at the Andrade copper project in the Rio Grande Coper Belt, Brazil.

Highlights from initial core assay results confirm the high-grade copper zone within the existing Andrade Mineral Resource area include: Hole AND-22-008 returned 19m at 1.95% Copper and 5.64 g/t Silver from 53m, including 6m at 2.84% Copper from 65m.

Hole AND-22-006 returned 14m at 0.78% Copper and 6.14 g/t Silver from 46m, including 8m at 1.00% Copper from 52m.

Hole AND-22-007 returned 11m at 0.40% Cu and 6.14g/t Ag from 41m.

Aguia looks forward to providing further market updates as the drill program progresses and assay results are returned to the lab.

As previously announced, the initial 2,000 metres of drilling forms the first phase of the infill drilling program planned across four phases.

Contact:

Tel: +61 (0) 419 960 560

Web: www.aguiaresources.com.au

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