SOURCE: Aquarian Gold Corp.

January 10, 2008 08:00 ET

Aquarian Gold Finalizes 2008 Exploration Program

TORONTO--(Marketwire - January 10, 2008) - Aquarian Gold Corp. (PINKSHEETS: AQGC) ("Aquarian") is pleased to announce that it has finalized its exploration and development program for 2008 in the Raiu Coal Basin in Indonesia. The Company has budgeted approximately $2.0 million US for its 2008 program. Upon completion of the program the Company will have defined its coal reserves, currently estimated at potential for 300 million metric tonnes.

The demand for coal for power generation in southeast Asia is reported to be increasing at 10 to 15 % per year. As a result, the price of coal is also increasing, therefore increasing the value of coal reserves. As the company completes its exploration program and defines anticipated additional reserves, it is reasonable that the value of the Company would increase correspondingly. The demand for long term coal contracts in Indonesia is growing every day. Indonesia is the second largest producer of coal in the world.

Aquarian Gold Corp. trades in the United States on the Pink Sheets under the symbol AQGC. For further information contact Ian Lambert at (416) 840-9843 or go to www.aquariancoal.com.

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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