SOURCE: Aquarian Gold Corp.

March 26, 2007 08:30 ET

Aquarian Gold Appoints Former Pacific International Securities Partner Scott A. Rose to the Board of Directors

TORONTO -- (MARKET WIRE) -- March 26, 2007 -- Aquarian Gold Corp. (PINKSHEETS: AQGC) ("Aquarian") announces today that Scott A. Rose has joined the board of directors. Mr. Rose brings more than 25 years experience working with public companies in both fund raising and management capacities. Prior to that, he worked for Bank of Nova Scotia, and subsequently and was a partner with Canadian-based investment firm, Pacific International Securities. He is currently a director of Goliath Resources, Inc. Aquarian Gold Corp., which is undergoing a name change to Aquarian Coal Corp., is preparing to develop its recently acquired coal properties in the Riau coal basin of Indonesia. In recent times, Indonesia has come to challenge Australia as the world's largest exporter of thermal coal, according to a recent report by Citibank. Aquarian's properties consist of 52,000 hectares (approximate 200 square miles), which are greater than 10 times the size of the Island of Manhattan.

Andrew Bell, Chairman, states, "We welcome Scott Rose to our board and are excited to know that his administrative and communication skills will help us to meet the ongoing requirements of a reporting issuer and in delivering an effective message to the investment community."

About Aquarian Gold Corporation

The company's large land position is located in the Riau coal basin, one of three coal rich areas within Sumatra that together account for seventy percent of Indonesia's annual coal production. They contain established coal mineralization. The licenses neighbor two significant finds, and are largely unexplored. Indonesia has become the world's largest thermal coal exporter, and among the characteristics of this coal are that it contains low pollutants such as ash and sulfur and so is used to mix with higher calorific value coals as far away as the U.S. and Europe. Chinese demand is increasing as China is not building new oil-fired plants and is adding each year generating capacity equal to the total power output of the U.K. The license is located in the east of Sumatra with good shipping links with South East Asia.

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.

Contact Information

  • For More Information Contact:

    Mr. Ian D. Lambert
    Tel. 416 840 9843

    Mr. Andrew Bell
    Tel: +44 207 402 4580

    Investor Relations Contact:
    Redwood Consultants, LLC