Acadian Mining intersects 9.50 metres of 5.41% zinc plus lead at its Getty property, Nova Scotia



    Trading Symbol: ADA:TSX; C2Z-Frankfurt
    Shares Outstanding: 142,287,907

    HALIFAX, Feb. 21 /CNW/ - Acadian Mining Corporation (ADA-TSX) ("Acadian"
or "Corporation") is pleased to announce assay results for 25 additional drill
holes, bringing the total released to date to 54 of the 100 hole diamond
drilling program on its Getty zinc-lead deposit. Results to date support
potential for a bulk tonnage - open pit deposit 1,700 metres from the mill at
Scotia Mine. Highlights include drill hole S1037 which intersected 9.50 metres
of 5.41% zinc plus lead, including 3.45 metres of 11.23% zinc plus lead, hole
S1031 which intersected 7.25 metres of 5.13 zinc plus lead, hole S1043 which
intersected 3.90 metres of 10.48% zinc plus lead and hole S1048 which
intersected 12 m of 4.2 zinc plus lead. The shape of the zinc-lead mineralized
carbonate bank structure at Getty is not as yet fully defined and, as such,
true widths cannot be calculated with complete confidence. However, true
widths are estimated to range between 80% and 100% of the intersection lengths
reported below in Table 1.

    
        Table 1 - Selected Intercepts - Holes S1030 - S1054
    -------------------------------------------------------------------------
    Hole        From       To   Interval   Grade % Zn   Grade % Pb   %Zn+%Pb
                  (m)      (m)        (m)
    -------------------------------------------------------------------------
    S1030      25.30   33..00       7.70         2.24         0.03      2.27
    -------------------------------------------------------------------------
    S1031      88.75    96.00       7.25         3.53         1.60      5.13
    including  88.75    93.00       4.25         5.52         2.24      7.76
    Including  88.75    91.00.      2.25         8.21         2.65     10.86
    -------------------------------------------------------------------------
    S1032      20.80    27.00       6.20         2.03         0.96      2.99
    and        34.00    40.00       6.00         2.16         0.28      2.44
    -------------------------------------------------------------------------
    S1033      26.00    59.00      33.00         1.36         1.16      2.52
    including  27.00    36.00       9.00         1.98         1.61      3.59
    -------------------------------------------------------------------------
    S1034     114.40   119.00       4.60         2.18         7.09      9.27
    including 115.00   118.00       3.00         2.60         8.40     11.00
    -------------------------------------------------------------------------
    S1035     101.00   103.05       2.05         6.24         2.65      8.89
    -------------------------------------------------------------------------
    S1037      94.00   103.50       9.50         2.02         3.39      5.41
    Including  96.00   103.50       7.50         2.34         4.28      6.62
    Including  96.00    99.45       3.45         4.41         6.82     11.23
    -------------------------------------------------------------------------
    S1042      53.00    56.65       3.65         2.09         0.95      3.04
    -------------------------------------------------------------------------
    S1043      62.50    66.40       3.90         6.21         4.27     10.48
    Including  62.50    64.95       2.45         8.21         6.07     14.28
    -------------------------------------------------------------------------
    S1044      39.00    49.00      10.00         1.29         0.84      2.13
    Including  45.00    47.00       2.00         2.10         1.48      3.58
    and        61.00    64.00       3.00         0.70         1.51      2.21
    -------------------------------------------------------------------------
    S1045      71.00    73.00       2.00         2.31         0.38      2.69
    And        75.00    77.00       2.00         1.66         0.04      1.70
    -------------------------------------------------------------------------
    S1046      56.00    63.00       7.00         3.37         1.75      5.12
    including  56.00    59.00       3.00         7.60         2.81     10.41
    -------------------------------------------------------------------------
    S1047      67.00    70.00       3.00         0.27         2.46      2.73
    -------------------------------------------------------------------------
    S1048      43.00    55.00      12.00         0.90         3.30      4.20
    including  43.00    45.00       2.00         0.23         6.75      6.98
    -------------------------------------------------------------------------
    and        72.00    79.35       7.35         0.47         1.14      1.61
    -------------------------------------------------------------------------
    S1049      49.50    54.45       4.95         4.63         1.16      5.78
    including  50.00    53.00       3.00         6.30         0.62      6.92
    -------------------------------------------------------------------------
    S1050      74.00    84.75      10.75         2.23         2.59      4.82
    including  79.00    81.00       2.00         3.75         6.20      9.95
    -------------------------------------------------------------------------
    S1051      34.00    40.00       6.00         1.11         0.01      1.12
    -------------------------------------------------------------------------
    S1052      60.00    63.95       3.95         0.79         1.62      2.41
    -------------------------------------------------------------------------
    S1053      52.60    67.00      14.40         1.69         1.00      2.69
    -------------------------------------------------------------------------
    S1054      95.00    96.00       1.00         2.32         0.86      3.18
    and       100.00   105.00       5.00         1.01         1.23      2.24
    -------------------------------------------------------------------------

    Holes S1036, S1038, S1039, S1040, S1041 intersected low-grade lead-zinc
    mineralization near the periphery of the deposit.

    The Getty deposit occurs within a west extension of the carbonate bank
complex that also hosts the adjacent Scotia Mine deposit, located 1,700 metres
to the east. Acadian's current diamond drilling program is designed to support
a new resource estimate for the Getty deposit that is anticipated to include
definition of measured and indicated resources. The deposit currently hosts
inferred resources as described below in Table 2 (See News Release No. 34-07,
December 12, 2007 for details). Drilling on the Getty property to date has
focused on the deposit area previously outlined, however future drilling will
include several drill holes to test for possible extensions of the deposit to
the west, and also test an interpreted basement high paleo-topographic feature
to the northwest, which has the potential to be the site of another carbonate
reef complex.

    Table 2 - NI-43-101 Inferred Resource Estimate for Getty Zinc-Lead
    Deposit - Effective December 11, 2007 (News Release No. 34-07, December
    12, 2007)

    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    (*)Zn Eq% Threshold       Tonnes        Pb %       Zn %    (*)Zn Eq%
                            (Rounded)
    ------------------------------------------------------------------------
    -------------------------------------------------------------------------
    2.00%                  4,160,000       1.40%      1.81%        3.21%
    -------------------------------------------------------------------------
    2.50%                  2,860,000       1.60%      2.06%        3.66%
    -------------------------------------------------------------------------
    3.00%                  1,970,000       1.82%      2.26%        4.08%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    (*) Note: Zn equivalent (Zn Eq%)=( Zn% + Pb%)
    

    Getty deposit resources described above are in addition to the
5.24 million tonnes of measured and indicated resources grading 4.1% zinc and
2.0% lead (undiluted), and 1.8 million tonnes of inferred resources grading
3.1% zinc and 1.1% lead at the adjacent Scotia Mine. For further information
on the Scotia Mine deposits, see Acadian Press Release No. 16-06, July 17,
2006. Potential for additional resources occurs immediately west of the Getty
deposit, at the Carrolls Farm and Carrolls Corner prospects, where diamond
drilling has confirmed continuation of the zinc-lead mineralized carbonate
bank system for an additional 2.5 kilometres.
    Acadian's Scotia Mine presently has a reserve sufficient for
approximately five years of open pit production planned at 700,000 tonnes per
year and 2.5 years of underground production planned at 472,500 tonnes per
year. Inferred resources at Scotia Mine and the Getty deposit, combined with
potential to define resources at the nearby Smithfield deposit (see News
Release No. 32-07, December 3, 2007) and Carrolls Farm and Carrolls Corner
prospects, provide potential to extend operations at Scotia Mine beyond the
currently established 7.5 year mine life.
    The Getty deposit is subject to a 1% gross metal royalty metal royalty to
Globex Mining Enterprises Inc. (GMX-TSX, G1M Frankfurt). Acadian has an option
to purchase one-half percent for $300,000 at its option at any time, and has a
first right of refusal on the remaining one-half percent.

    Management's Opinion
    --------------------

    Will Felderhof, President and CEO, stated "These drill results along with
those previously released on December 20, 2007, are in line with our
expectations and we are confident the balance of the drill program will put
sufficient definition on the deposit to support a pit design to supply feed to
the adjacent Scotia Mine milling facility.

    Sample Protocol
    ---------------

    All drilling, core logging and sampling is supervised by Peter C.
Webster, P. Geo., and pertinent information is recorded by staff geologists
into a computerized system. Drill core is stored and sampled in a secure
locked facility. One metre core sample intervals are typically established
over the zone of interest by staff geologists and sample intervals are
recorded. Core is split by sawing and one half of the core is sampled. Samples
are bagged and labeled with pre-numbered sample tags, sealed with a metal tie
and secured in sealed buckets for shipment by commercial transport to Eastern
Analytical Limited in Springdale, Newfoundland. Once received by the lab,
samples are logged in a sample tracking system and received weights are
recorded. After crushing, splitting and pulverizing, samples are routinely
analyzed by ICP-AES multi-element methodology. Samples returning zinc or lead
values of 2200 parts per million or more are re-analyzed using ore grade assay
procedures. The quality control protocol for this program includes analysis of
check sample splits of pulp material at ALS Chemex and systematic insertion of
standards, blanks and duplicate samples.

    About the Corporation
    ---------------------

    Acadian is a Halifax, Nova Scotia, Canada based mining company which
operates a zinc-lead mine (Scotia Mine) at Gays River, Nova Scotia and is
exploring and developing gold, zinc-lead, and barite properties in Atlantic
Canada.
    The Scotia Mine operates 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. Please see News Release No. 16-06, July 17, 2006
for further details.
    The Corporation 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. Each 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 for Goldenville, Forest Hill and Tangier is
provided in News Release No. 01-06, January 5, 2006, under the paragraph
titled "About Acadian Gold". A summary of gold resources for Beaver Dam is
provided in News Release No 23-07, July 16, 2007. The Corporation is bringing
a new approach to the development of Nova Scotia gold deposits by pursuing a
multiple mine, central processing, managing and servicing strategy.
    The Corporation holds a 44.42% equity interest in Royal Roads Corp.
("Royal Roads") (RRO-TSX-V). 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 34.05% equity interest in Buchans River Ltd. ("Buchans River")
(BUV-TSX-V), which also holds a highly prospective property portfolio in the
Buchans camp. Acadian's indirect interest in Buchans River is 15.13%.
    Royal Roads' Tulks North property is host to the Daniels Pond deposit
which was discovered by BP Resources Canada Ltd. in 1989. Royal Roads reported
(see News 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.

    Other
    -----

    Michael Cullen, P. Geo., is responsible for technical information
pertaining to the Getty deposit drilling program reported in this news
release. Mr. Cullen is a Senior Geologist at Mercator Geological Services
Limited and a qualified person as defined under National Instrument 43-101.

    Forward Looking Statement
    -------------------------

    Certain information regarding the Corporation 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 Corporation 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 Corporation cautions that actual performance will be affected by a number
of factors, many of which are beyond the Corporation's control, and that
future events and results may vary substantially from what the Corporation
currently foresees. Discussion of the various factors that may affect future
results is contained in the Corporation's 2006 Annual Report which is
available at www.sedar.com. The Corporation's forward-looking statements are
expressly qualified in their entirety by this cautionary statement.

    For additional information on the Corporation's properties and
activities, please visit our web site at www.acadianmining.com. If you wish to
be added to the Corporation's e-mail or fax distribution list for future news
releases and updates, please contact Acadian at phone: 902 444-7779, fax:
902 444-3296, email: mail@acadianmining.com.

    No regulatory authority has approved or disapproved the contents of this
    release.




For further information:

For further information: G. William Felderhof, President & CEO; Terry F.
Coughlan, Vice President, (902) 444-7779, Toll Free: 877-444-7774,
mail@acadianmining.com

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Acadian Mining Corporation

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