Acadian Mining Corporation holds a large portfolio of gold properties totalling approximately 34,000 hectares in the Nova Scotia goldfields in Canada.  The Company is presently concentrating on developing its 5 advanced gold properties including Beaver Dam, Forest Hill, Tangier, and Goldenville, all of which are 100% owned by Acadian, (with the exception of Forest Hill and Beaver Dam which are subject to small overriding royalties), and 50% owned Fifteen Mile Stream. Each of these 5 properties hosts gold resources described in technical reports prepared by independent consultants in compliance with National Instrument 43-101 and are available on www.sedar.com. Current gold resources stand at 626,000 ounces (cut) in the measured and indicated categories and 1,011,000 ounces (cut) in the inferred category. (See Table below)

 

		Cut*				Uncut*
Property**	Lower Cut-off	Category	Tonnes	Grade	Ounces	Tonnes	Grade	Ounces
Beaver Dam	0.3 g/t	Measured & Indicated	9,080,000	1.53	446,000	9,090,000	2.01	589,000
		Inferred	10,400,000	1.51	504,000	10,370,000	2.16	720,000
Fifteen Mile Stream (50% ADA)	0.7 g/t	Inferred	3,800,000	1.66	202,000	3,800,000	1.66	202,000
		Indicated	225,000	14.91	108,000	225,000	24.02	174,000
Forest Hill	3.5 g/t 1.2m	Inferred	383,000	11.93	147,000	383,000	12.42	153,000
		Indicated	134,000	9.67	42,000	134,000	9.67	42,000
Tangier	3.5 g/t 1.2m	Inferred	271,000	12.08	105,000	271,000	15.09	130,000
		Indicated	63,000	14.72	30,000	63,000	16.62	33,000
Goldenville	3.5 g/t 1.2m	Inferred	385,000	12.38	153,000	385,000	18.78	232,000
TOTAL – 5 PROPERTIES			Measured & Indicated		626,000	Measured & Indicated		838,000
			Inferred		1,111,000	Inferred		1,437,000

 * Numbers are rounded.
** See Technical Reports filed on SEDAR on Jul. 4, 2008; Sept.17, 2007; Nov. 3, 2007; Mar. 3, 2005; Nov. 5, 2004.

The bulk of the Corporation’s gold activities in 2008 was directed at surface exploration associated with its quartz vein style deposits, exclusive of its five advanced properties, in order to enhance the Company's central milling strategy.

Acadian Mining Corporation believes the central processing strategy is a key to successfully developing the gold properties in the Nova Scotia goldfields resulting in reduced capital and operating costs associated with building and operating one processing facility versus multiple plants.

The Company is particularly focused on identifying and exploring properties with potential for bulk tonnage – open pittable gold deposits. This focus is reflected in two optioned properties, Lake Catcha and Oldham. An initial drill program at Lake Catcha intersected 44 metres grading 0.46 g/t gold and 53 metres grading 0.61 g/t gold.

The company is particularly happy that current gold price and favourable price fundamentals going forward are strong incentives for accelerating the development of the Corporation’s advanced gold properties – i.e. Beaver Dam, Fifteen Mile Stream, Goldenville, Forest Hill and Tangier.