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[avandalay05]

Nosleep - ADA
Zinc fundamentals look good as well... I am holding for the long haul. In their May 7 announcment of the commencement of the Scotia mine they indicated mid July for operating at planned capacity....I think that is Monday baby for a full PR regarding meeting production targets!

What a week!
Art




Shares Outstanding: 134,452,825 May 7, 2007
ACADIAN GOLD CORPORATION ANNOUNCES OPERATIONS COMMENCED
AT SCOTIA ZINC-LEAD MINE
Acadian Gold Corporation (ADA-TSX-V) (“Acadian Gold”) announced today that the Scotia
Mine (zinc-lead) at Gays River, Nova Scotia, Canada has commenced operations. The mill is in
the commissioning phase during which the mechanical components of the mill, related primarily
to the crushing, grinding and flotation circuits, will be tested and proven to ensure that the flow of
ore and treatment of materials is optimized.
It is anticipated that the commissioning phase will be completed by late June to mid-July 2007 at
which point the mill should be operating at the planned capacity of approximately 2,000 tonnes
per day. During commissioning, daily throughput is expected to be in the range of 1,000 to 1,500
tonnes per day.
Progress is being made in the negotiation of concentrate sales agreements, the details of which
will be announced when agreements are concluded. The market for zinc and lead concentrate is
very strong as reflected in the current zinc and lead prices of approximately US$1.74 per pound
and US$0.93 per pound, respectively. Marketing of Scotia Mine product will be further
facilitated by the superior quality of the concentrates. The zinc grade is 60% with less than 1%
iron and the lead grade is 75%.
If production targets are met in 2007 as expected, the Scotia Mine should produce approximately
23.4 million pounds of recoverable zinc metal and approximately 7.8 million pounds of
recoverable lead metal. Targeted production for 2008 is approximately 44.6 million pounds of
recoverable zinc metal and 19.1 million pounds of recoverable lead metal. The cash cost of
production is projected to be approximately US$0.52 per pound zinc-equivalent in 2007 and
approximately US$0.34 per pound zinc-equivalent in 2008.
Photographs of the Scotia Mine operation can be viewed on the Acadian Gold’s website at
www.acadiangold.ca
Managements Opinion
Will Felderhof, President and CEO stated, “The commencement of operations at Scotia Mine is a
milestone event for Acadian Gold. We are pleased to be in a position to take full advantage of the
current high prices of zinc and lead. We anticipate Scotia Mine to be the engine to drive the
growth of Acadian Gold going forward. This is an exciting time for both our shareholders and
the employees at Scotia Mine.”
About Acadian Gold
Acadian Gold is a Halifax, Nova Scotia, Canada based resource company which has brought a
zinc-lead mine, Scotia Mine, located at Gays River, Nova Scotia into operation. In addition to
bringing a new mine on stream, Acadian Gold is focused on exploring and developing gold, zinc
and barite properties in Atlantic Canada.
2
The Scotia Mine will operate initially as an open pit mine and is expected to produce 30,000
tonnes of high grade zinc concentrate and 10,000 tonnes of high grade lead concentrate per year.
This production is equivalent to 39.8 million pounds of zinc metal and 16.5 million pounds of
lead metal annually. Please see Press Release No. 16-06, July 17, 2006 for further details.
Acadian Gold is also focused on developing four advanced gold properties, Beaver Dam, Tangier,
Forest Hill and Goldenville, which form the core holdings of the Scotia Goldfields project. All of
the four advanced properties host gold resources described in technical reports prepared in
compliance with National Instrument 43-101 and are available on www.sedar.com. A summary
of gold resources is provided in Press Release No. 01-06, January 5, 2006, under the paragraph
titled "About Acadian Gold". Acadian Gold is bringing a new approach to the development of
Nova Scotia gold deposits by pursuing a multiple mine central processing, managing and
servicing strategy.
Acadian Gold holds a 45.92% equity interest in Royal Roads Corp. (“Royal Roads”) (RRO-TSXV).
Royal Roads’ principal asset is a 16,075 hectare (approximately 32 km x 5 km) mineral
property known as the Tulks North property which is strategically located in the centre of the
world-class Buchans base metal camp in central Newfoundland, Canada. In addition, Royal
Roads holds a 53.06% equity interest in Buchans River Ltd. (“Buchans River”) (BUV–TSX-V),
which company also holds a highly prospective property portfolio in the Buchans camp. Acadian
Gold’s indirect interest in Buchans River is 27%.
Royal Roads' Tulks North property is host to the Daniel’s Pond deposit which was discovered by
BP Resources Canada Ltd. in 1989. Royal Roads reported (see Press Release issued November
7, 2006) an inferred resource (Zn cutoff = 2%, S.G. 4.0) of 1.69 million tonnes grading 0.57%
copper, 4.40% lead, 8.37% zinc, 196.9 g/t silver and 0.68 g/t gold over an average width of 4.2
metres. Royal Roads is presently conducting a diamond drilling program at Daniel’s Pond.
Forward Looking Statement
Certain information regarding the Company contained herein may constitute forward-looking
statements within the meaning of applicable securities laws. Forward-looking statements may
include estimates, plans, expectations, opinions, forecasts, projections, guidance or other
statements that are not statements of fact. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. The Company cautions that actual performance will
be affected by a number of factors, many of which are beyond the Company’s control, and that
future events and results may vary substantially from what the Company currently foresees.
Discussion of the various factors that may affect future results is contained in the Company’s
2005 Annual Report which is available at www.sedar.com. The Company’s forward-looking
statements are expressly qualified in their entirety by this cautionary statement.
For additional information on the Company’s properties and activities, please visit our web site at
www.acadiangold.ca. If you wish to be added to the Company’s e-mail or fax distribution list for
future news releases and updates, please contact us at phone: [phone], fax: [phone],
email: [e-mail].
FOR FURTHER INFORMATION, PLEASE CONTACT:
G. William Felderhof, President & CEO
or Terry F. Coughlan, Vice President
[phone] Toll Free: 877-444-7774
[e-mail]
Halifax, Nova Scotia
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this
release.