SOURCE: Aquarian Gold Corp.

November 23, 2007 08:00 ET

Aquarian to Finalize 2008 Exploration and Development Program

TORONTO--(Marketwire - November 23, 2007) - Aquarian Gold Corp. (PINKSHEETS: AQGC) ("Aquarian") is pleased to announce that its Joint Venture Partners will arrive in Toronto, Ontario on December 5, 2007 from Indonesia to finalize all aspects of its project in the Raiu Coal Basin in Indonesia. To follow up on exploration work completed to date, the purpose of this meeting will be to set out an exploration and development program for the property, to commence in early 2008. The exploration program will be designed to further delineate the size of the coal deposit. Consulting Geologists believe there is potential for approximately 300 million metric tonnes of coal on the property. Reuters reports that thermal coal in Asia is currently being contracted for delivery on a long term basis at over US$70 per metric tonne.

The Raiu Coal Basin is known for its good quality thermal coal of the type that is in significant demand for power generation. Other countries in the region are aggressively intensifying efforts both regionally and globally to increase their coal reserves for power generation through long term contracts and joint ventures. As the Company develops its coal deposits, management anticipates that it will be in an excellent position to maximize the value of its potential reserves.

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

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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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