Acadian Energy Inc.
TSX VENTURE : ACX

Acadian Energy Inc.

December 06, 2011 18:17 ET

Acadian Energy Inc. Announces Revocation of Cease Trade Orders

TORONTO, ONTARIO--(Marketwire - Dec. 6, 2011) - Acadian Energy Inc. (TSX VENTURE:ACX) (the "Corporation") announces that today the British Columbia Securities Commission and the Ontario Securities Commission (together, the "Commissions") issued full revocations of the cease trade orders issued on August 5, 2011 and August 16, 2011, respectively (collectively, the "Cease Trade Orders"). The Cease Trade Orders were issued due to the Corporation's failure to file the audited financial statements of Acadian Energy Holdings Inc., a wholly owned subsidiary of the Corporation, for the year ended December 31, 2010, unaudited interim financial statements of the Corporation for the three month period ended March 31, 2011, accompanying management's discussion and analysis ("MD&A"), and corresponding certificates, as required by Ontario securities law (the "Required Documents").

On November 8, 2011, the Corporation filed the Required Documents, and also filed interim financial statements, MD&A and corresponding certificates of interim filings for the six-month period ended June 30, 2011. Further to the Corporation's press release dated December 1, 2011, the Corporation filed amended and restated MD&A for the periods ended March 31, 2011 and June 30, 2011 to include additional disclosure required by applicable regulatory requirements. The Corporation is now up to date with its continuous disclosure requirements. The Required Documents can be reviewed on SEDAR under the Corporation's profile at www.sedar.com.

On August 4, 2011, the TSX Venture Exchange (the "Exchange") suspended the Corporation's shares from trading on the Exchange as a result of the Cease Trade Orders. The Corporation has applied to the Exchange for re-instatement of trading in the Corporation's shares. The application has been updated with the orders of revocation issued by the Commissions and is now under final review by the Exchange.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

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