SOURCE: Aquarian Gold Corp.

November 05, 2007 14:03 ET

Aquarian Gold Corp. Launches New Website

TORONTO--(Marketwire - November 5, 2007) - Aquarian Gold Corp. (PINKSHEETS: AQGC) ("Aquarian") is pleased to announce that it has launched a new website, www.aquariancoal.com, that reflects the direction the Company is committed to. Aquarian Gold Corp. is in the process of changing its name to Aquarian Coal Corp.

The Company is moving ahead with intentions to explore a high tonnage near surface coal deposit in Indonesia. The Company's land position consists of approximately 52,000 hectares in the Riau Coal basin in Sumatra, Indonesia. Preliminary testing and evaluation indicates that the Company has substantial coal reserves with low-ash/sulphur content.

Indonesia is Southeast Asia's largest coal producer, consumer and exporter. Asian countries purchase approximately 75% of Indonesia's coal exports. Indonesian coal exports have risen by 27% during the past two years. Indonesia is currently the second largest coal producer in the world. Demand for coal reserves in Indonesia and Southeast Asia means that the Company has a built-in market for a commercial coal deposit.

About Aquarian Gold Corporation

The company's large land position (greater than ten times the size of the Island of Manhattan) is located in the Riau coal basin. The property, easily accessed via barge along the nearby river, lies less than 100 kilometres (62 miles) from the east coast of Sumatra and shipping links to South East Asia.

Historically, Sumatra has accounted for 70% of Indonesia's known coal reserves. The three main Sumatran coal basins have been significant coal producers for more than a century. Due to the high quality of Indonesian coal, it is widely used throughout Europe, Asia and the America as a blending coal to help customers meet environmental standards. According to a recent Citibank report, "Indonesia has come from nowhere to challenge Australia as the world's largest exporter of thermal coal."

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

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