Acadian Energy Inc.

Acadian Energy Inc.

December 19, 2011 17:00 ET

Acadian Energy Engages Former Total Executive as Petroleum Engineer/Geology Consultant for New Albany Shale Oil Projects - New Options Awarded

TORONTO, ONTARIO--(Marketwire - Dec. 19, 2011) - Acadian Energy Inc. (TSX VENTURE:ACX) -- (the "Corporation") today announced that it has engaged Mr. Tom Dimelow, a 43 year veteran of the Oil and Gas Industry as a consultant. He will provide assistance as a Petroleum Engineer/Petroleum Geologist to Acadian as it progresses with exploration and development of its oil and gas resource project in the Illinois Basin.

Mr. Dimelow began his career with Amoco Production Company, now BP, as a geologist and manager involved in exploration and development programs throughout North America. He also held executive positions with TOTAL SA, Consolidated Natural Gas, Samson Resources, Coseka Resources and CDX Gas. He possesses considerable experience in unconventional oil and gas resource projects and will be able to assist the Corporation with its existing resource projects in the New Albany Shale.

Tom Dimelow graduated from the Colorado School of Mines with a Professional Engineering Degree, Engineering Geology and an MS in Petroleum Geology. He is a published author of technical and white papers on exploration and financial strategies and is currently based in Denver, Colorado.

"I am pleased to be able to offer my services to Acadian to augment its already strong leadership team in order to fully exploit the potential oil and gas located in the New Albany Shale area", said Mr. Dimelow. "New technologies are going to permit oil and natural gas production from these unconventional reservoirs within this historic well known conventional oil and gas area."

John McDevitt, CEO of Acadian added "I have known of Tom's talents for many years and am pleased to have him assist us with our Greenfield Shale Oil Simulation project conducted by Fekete and Associates of Calgary."

With Exchange approval, Mr. Dimelow will be granted 51,000 common share purchase options with an exercise price of $1.00 and a term of 5 years. Of those options, 16,000 will vest immediately and the remaining at a rate of 5,000 per month at the end of each month beginning December 30, 2011.

Also with Exchange approval, the Corporation is issuing 200,000 common share purchase options to a director, with an exercise price of $1.00 and a term of 5 years. Of those options, 100,000 will vest immediately and the remaining in 12 months time.

Additional information is also obtainable on the Corporation's newly designed web site

About Acadian:

Acadian is a junior exploration and production company which is focused on the exploration and development of New Albany shale oil and natural gas in the Illinois Basin. The Corporation continues exploration development of the oil potential of the New Albany Shale. Acadian trades on the TSX Venture Exchange under the symbol ACX.

This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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