SOURCE: Aquarian Gold Corp.

January 17, 2007 08:30 ET

Aquarian Gold Corp. Makes Option Payment for Indonesian Coal Properties

TORONTO -- (MARKET WIRE) -- January 17, 2007 -- Aquarian Gold Corp. (PINKSHEETS: AQGC) ("Aquarian") is pleased to announce it has made the option payment of $350,000 due under the Option Agreement announced on September 13, 2006 over Indonesian coal properties in the Riau coal basin of Sumatra covering 54,000 hectares.

The Company expects to exercise the option imminently.

The company's intention upon exercising the option is to move immediately to a drill program in order to prove up a high-tonnage near-surface resource of coal.

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