Acadian Mining Corporation ADAIF

news to come and price target $1.00 plus

[maldoror]

1. Announcement that ADA has actually bought the zinc property and paid for it. Timing on this is before July 6, 2006 or an earlier date, to mutually agreed upon between buyer and seller. Comment: The earlier the better for both the buyer and the seller, so let's get on with it as the money to pay for the acquisition is now in the till.It would make sense to do this in early May. 2. Resource announcement for the zinc property. How much zinc is there? Is the zinc resource 43-101 compliant? Comment: Expect news to be announced shortly after payment for the property. 3. Feasability study on the zinc property. It is in progress and best guess is for a chance of it being announced in May but no later than June. 3A. Outline of plan to get the zinc property into production. Hiring of staff, bank financing following the feasability study etc. Comment: This will be the no 1 priority of ADA for a while, to get the zinc property in production as fast as possible. The price of zinc has more than doubled since the letter of intent to buy was announced, so it looks as if ADA scored it very big on this one. 4.Drill results on the 22 holes completed and the holes currently drilling. Comment: Timing is uncertain. ADA does not release one hole results. They batch them. No timing on this one as it depends on how fast these results arrive from the assay lab. ADA has now put a second drill on the Beaver Dam property to drill another prospective zone so there is no shortage of drill results to come! 5. New resource calculation: This is a very time consuming effort and it only makes sense to come up with a resource calculation if you have a substantial number of completed holes. Expectations are for an increase in the total resource as well as a move from inferred to the M&I category. 6.Announcement of date of annual meeting and publication of annual report. N.B.The announcements 1, 2, 3 & 3A should be sufficient to attract investor's interest and Maldoror expects the stock to reach $1.00 by late summer if not earlier. These announcements should attract the attention of investment letter writers in the USA as well as prompt more Canadain brokers to follow this stock. Currently the stock is in a trading range as it is absorbing some profit taking and selling by those that bought stock in a private placement in December 2006. These are short term oriented individuals who know price but do not recognize value. ADA remains one of the cheapest gold exploration stocks on the Vancouver market based on market capitalization per gold ounce resource in the ground. ADA now represents better value than at any time during the last three years. Maldoror, your obedient servant and penitent sinner.