Acadian Gold Corporation is a Canadian based resource company focused on developing and building gold resources on four advanced properties; Beaver Dam, Forest Hill, Tangier and Goldenville, as well as exploring 19 other gold properties all of which are located in Nova Scotia, Canada. The Company’s property holdings cover in excess of 20,000 hectares (49,400 acres). Current gold resources stand at 291,456 ounces in the measured and indicated category plus 1,006,226 ounces in the inferred category.

All of the advanced properties have multi-million ounce potential. This potential is supported by the application of a new geological concept known as the "ribbon model", to targeting diamond drill holes. This concept was recently developed and proven successful in Bendigo, Australia, a major gold camp geologically similar to the Nova Scotia goldfields.

The Company boasts a database based on 915 diamond drill holes totaling in excess of 127,800 metres (419,184 feet) and extensive underground infrastructure including two modern shafts and three ramps on four properties.

Acadian Gold is bringing a new approach to the development of gold mines in Nova Scotia by pursuing a multiple mine - central processing strategy. Current work programs designed to move these projects forward in a logical, systematic manner include scoping studies, environmental permitting to re-access the mines, and diamond drilling.

Acadian Gold controls 100% of its properties in the Nova Scotia goldfields and is focused on building shareholder value.

Acadian Gold has 46,903,521 common shares issued and outstanding and 67,521,418 fully diluted. The market capitalization as at January 20, 2005 is CAN$10.3M (US$8.4M). Market recognition of Acadian Gold’s gold resources and current stage of property developments should result in a market cap more closely aligned with its peers - i.e. in the US$40M to US$60M range. This points to significant upside potential for Acadian Gold’s shares.

Contact:

Suite 1000, Cogswell Tower
2000 Barrington Street
Halifax, NS B3J 3K1
Canada
Telephone: (local) (902) 444-7779
Telephone: (toll-free) (877) 444-7774
Fax: (902) 444-3296
Email:  mail@acadiangold.ca

Website:  www.acadiangold.ca