Aquarius Coatings Inc. Announces Annual and Special Meeting of Shareholders

    TORONTO, Jan. 12 /CNW/ - The TSX Venture Exchange ("Exchange or TSX-V")
halted trading in the shares of Aquarius Coatings Inc. ("Aquarius") (TSX-V:
AQC) on December 12, 2008 pending clarification of Company affairs as the
Company had failed to address the Exchange's requirements with respect to the
Company's failure to hold shareholder meetings for the financial years ended
March 31, 2007 and March 31, 2008.
    In order to address the matter, Aquarius filed a notice of meeting and
record date on SEDAR January 9, 2009 that it will hold an annual and special
meeting of its shareholders on March 31, 2009.

    Aquarius is a corporation existing under the laws of the Province of
Ontario and is a reporting issuer in the Provinces of British Columbia,
Alberta, Ontario and Nova Scotia. Aquarius is a supplier of industrial and
consumer corrosion protection coatings. Through two of its subsidiaries,
Scotiachemco Inc. and Trend Coatings Limited, the company markets a range of
protective coatings for steel, concrete and manufactured goods, with
distribution throughout North America.
    Further information regarding Aquarius can be found in its public record
available at

    Forward-Looking Statements

    Statements contained in this press release other than statements of
historical fact, including statements regarding business strategy and
management's plans and objectives for future operations, are forward-looking
statements. These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from those
expressed in, or implied by, these statements. Given these risks and
uncertainties, readers are cautioned not to place undue reliance on Aquarius'
forward-looking statements. All forward-looking statements contained in this
press release are necessarily estimates reflecting the best judgment of the
party making such statements based upon current information, and Aquarius
assumes no obligation to update any forward-looking statements.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.

For further information:

For further information: Aquarius Coatings Inc., Gary Van Nest,
Director, Phone: (905) 826-0766, Fax: (905) 826-0086, Email:

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