Aquiline Resources Inc.

Aquiline Resources Inc. is an exploration and development company that owns the Navidad deposit, one of the world's largest undeveloped silver deposits, located in the Province of Chubut, Argentina. Aquiline’s other projects include the Calcatreu gold/silver deposit in the Province of Rio Negro, Argentina and the Pico Machay gold deposit in the Province of Huancavelica, Peru.     As of December 22, 2009 approximately 92.4% of the common shares of Aquiline Resources Inc. (TSX: AQI) were acquired by Pan American Silver Corp. (TSX: PAA, NASDAQ: PAAS) in exchange for Pan American common shares and Pan American share purchase warrants. The transaction has now become a Compulsory Acquisition per the rules of the Business Corporations Act (Ontario), as reported by Pan American in a press release dated December 22, 2009. In view of this transaction, Aquiline common shares will be de-listed from the Toronto Stock Exchange effective close of business today Wednesday, January 13, 2010.  If you still hold Aquiline common shares and would like information on how to tender into the Compulsory Acquisition please contact Kettina Cordero (Co-Ordinator of Investor Relations for Pan American) at 604-684-1175 or Computershare Investor Services Inc. (transfer agent for Pan American) at 1-800-564-6253 or 1-514-982-7555.   Aquiline’s website will remain active for a short transition period until approximately February 28, 2010, after which it will be shut down.  Further information about Pan American Silver Corp. or Aquiline’s properties can be found at: www.panamericansilver.com.   Pan American Silver’s mission is to be world’s largest and lowest cost primary silver mining company by increasing its low cost silver production and silver reserves. The Company has eight mining operations in Mexico, Perú, Argentina and Bolivia.   Aquiline Resources Inc. wishes to thank all of our shareholders and other stakeholders for their support over the years.