Acadian Energy Inc.

Acadian Energy Inc.

April 30, 2012 19:04 ET

Acadian Energy Inc. Announces Delay in Filing of Annual Financial Statements

TORONTO, ONTARIO--(Marketwire - April 30, 2012) - Acadian Energy Inc. (TSX VENTURE:ACX) -- (the "Corporation") announces that the filing of its annual financial statements for the year ended December 31, 2011 and related Management Discussion and Analysis (the "Required Filings") will be delayed. As a result of the failure to file the Required Filings on time, the Corporation will be subject to a general cease trade order issued by Ontario Securities Commission and the British Columbia Securities Commission in accordance with National Policy 12-203.

The Corporation's Chief Financial Officer and its auditors are actively working to resolve the difficulties. The Corporation expects to file its annual financial statements and related Management Discussion and Analysis for the year ended December 31, 2011 on or before May 15, 2012.

The Required Filings will not be filed before the filing deadline due to administrative delays. The Corporation is not subject to any insolvency proceeding. All material information concerning the affairs of the Corporation has been disclosed to the public through news releases and filed on SEDAR.

Additional information is also obtainable on the Corporation's 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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