Acadian Mining Corporation ADAIF

RE: Gold spinoff? News.

[retep6]

"...the Corporation is currently investigating the merits of segregating the gold assets into a new
public company ("Newco"), and distributing a portion of the shares of Newco to shareholders of Acadian. It is contemplated that Newco would raise the necessary capital to develop the four gold properties in the capital markets. This spin off could be affected by way of a "plan of arrangement" and, if a decision is made to proceed, is estimated it would take six to eight months to complete."