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Message: Acadian Mining provides outlook for Scotia mine operations

Acadian Mining provides outlook for Scotia mine operations

posted on Sep 12, 2008 03:37PM

September 11, 2008 - 11:26 AM EDT

Trading Symbol: ADA:TSX; C2Z-Frankfurt

Shares Outstanding: 153,357,907

HALIFAX, Sept. 11 /CNW/ - Acadian Mining Corporation (ADA-TSX) ("Acadian" or "Corporation") announced today that it remains confident of achieving its production targets at its Scotia Zinc-Lead Mine in Nova Scotia for the quarter ended September 30, 2008. A 5,000 tonne parcel of zinc concentrates shipped in August was produced in approximately 42 days, and a second shipment is anticipated to be ready by month end. Lead production and shipments are also in line with targets.

Additional operating costs were incurred during the quarter due to unscheduled maintenance in the mill and higher fuel costs associated with increased volumes of pumping due to the highest volume of rain on record for the month of August. Despite these extra costs, the Corporation expects to be cash flow positive from operations in the third quarter at current metal prices.

Acadian continues to be on target for meeting its 2008 sales target of 30,000 wet metric tonnes ("WMT") of zinc concentrates and 12,000 WMT of lead concentrates. The Corporation expects fourth quarter production to be similar to the third quarter and at current metal prices, cash flow from operations to show further improvement in the fourth quarter.

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 2007 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.

No regulatory authority has approved or disapproved the contents of this

release.

Source: Canada NewsWire (September 11, 2008 - 11:26 AM EDT)

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