SOURCE: Aquarian Gold Corp.

November 30, 2006 11:48 ET

Aquarian Gold Corp. Plans Name Change, Appoints Consultant, Plans Drill Program for Indonesian Coal Properties

TORONTO -- (MARKET WIRE) -- November 30, 2006 -- The Board of Directors of Aquarian Gold Corp. (PINKSHEETS: AQGC) ("Aquarian") are pleased to announce their plans for a name change to Aquarian Coal Corporation to reflect the change in the business of the company to coal exploration and development in Asia.

The company has appointed PT. GMT Indonesia, and its Principal Consultant Brett D. Gunter, BSc, a graduate of the University of Technology, Sydney, as consultants for exploration of the Indonesian coal properties. Brett Gunter has many years of experience as a geologist in Indonesia, including relevant coal experience, and has recently been involved in the finalizing and optimization of the areas covered by the company's licenses.

The Company and its consultants have begun the process of planning for an immediate drilling programme on the properties starting in December, and an updating of the geological report on the properties in accordance with the standards utilized in the Canadian market under NI 43-101 or equivalent international standard.

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