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Scotia Mine
Sunday, July 20, 2008
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Resources January 2008
RESERVES AND RESOURCES
ACADIAN MINING CORPORATION AND SUBSIDIARIES
GOLD
Scotia Goldfields Project
Cut**
Uncut
Property
Lower Cut-off
Category
Tonnes*
Grade
Ounces*
Tonnes*
Grade
Ounces*
Press Release
Beaver Dam
0.30 g/t
Inferred
10,400,000
1.51
504,000
10,370,000
2.16
720,000
Measured
670,000
1.54
35,000
670,000
1.81
39,000
PR No. 23-07
16-Jul-07
Indicated
8,410,000
1.52
411,000
8,420,000
2.03
550,000
Measured & Indicated
9,080,000
1.53
446,000
9,090,000
2.01
589,000
Forest Hill
3.50 g/t/1.20m
Inferred
383,000
11.93
147,000
383,000
12.42
153,000
Indicated
225,000
14.91
108,000
225,000
24.02
174,000
PR No. 13-05; 7-Oct-05
Tangier
3.50 g/t/1.20m
Inferred
271,000
12.08
105,000
271,000
15.09
130,000
Indicated
134,000
9.67
42,000
134,000
9.67
42,000
PR No. 17-04; 5-Oct-04
Goldenville
3.50 g/t/1.20m
Inferred
385,000
12.38
153,000
385,000
18.78
232,000
Indicated
63,000
14.72
30,000
63,000
16.62
33,000
PR No. 02-05; 2-Mar-05
Inferred
909,000
Inferred
1,235,000
TOTAL - 4 PROJECTS
Measured & Indicated
626,000
Measured & Indicated
838,000
*
Rounded
** See Technical Reports filed on SEDAR on Sept. 17, 2007, Nov. 3, 2005, Nov. 5, 2004 and March 3, 2005 for details.
ZINC/LEAD
Scotia Zinc Project
Scotia Mine
Zinc/Lead Reserves (0.75% Cutoff-Grade)*
Press Release Reference and Date
Category
Tonnes
Zn%
Pb%
Total Proven and Probable Reserves (Surface and Underground)
4,590,000
3.60%
1.70%
PR 17-07;
19-Jul-06
Inferred
1,800,000
3.10%
1.10%
*43-101 Compliant
Getty Deposit
Category
Tonnes
Zn%
Pb%
Press Release Reference and Date
Inferred Resources*
2,860,000
2.09
1.6
PR 34-07;
12-Dec-07
2.50% Zn Eq Cutoff**
*43-101 Compliant **Zn Eq=Zn%+Pb%
Smithfield Deposit
Category
Tonnes
Zn%
Pb%
Press Release Reference and Date
Resources*
500,000
3.5
2.7
PR 01-08;
16-Jan-08
(Uncategorized)
*This resource estimate is historic in nature, not compliant with NI-43-101 and as such can not be relied upon.
Royal Roads Corp.
(Acadian Mining 44.40% Direct Interest)
Daniels Pond
Category
Tonnes
Zn%
Pb%
Cu%
Ag g/t
Au g/t
Press Release Reference and Date
Indicated
Cut 1.5%
1,162,000
4.44