Vancouver, British Columbia, February 13, 2013
Acadia Resources Corp. ( “ Acadia ” or the “Company”) (TSX.V:AIC) announces that it is investigating oil and gas opportunities in a central – Saharan country in Africa. In that regard, it has entered into an exclusive option agreement (the “ Option Agreement ” ) with a private company ( “ Privateco ” ) which has signed an MOU on a prospective onshore exploration block(the“Block”) within one such African country.
A definitive contract for the Block, together with related ratifications by pertinent government authorities, is expected within the next 45 days. Privateco is also negotiating farm – ins or acquisitions of other oil and gas interests in other central Africa n countries ( “ Additional Blocks ” ).
Pursuant to the terms of the Option Agreement, the Company has the exclusive right to negotiate with Privateco in respect of a possible merger, investment or acquisition, to acquire up to 100 % of Privateco’s interest in the Block as well as Privateco’s interest, if any, in the Additional Blocks.
The term of the Option Agreement is until May 31, 2013 and is subject to extension upon mutual agreement between the parties.
In connection with the Option Agreement, the Company has advanced US$200,000 to Privateco by way of a loan.
ON BEHALF OF ACADIA RESOURCES CORP.
Thomas J. Kennedy,
President and Chief Executive Officer
For further information contact
Thomas J. Kennedy,
at (604) 682 – 2928
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
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ACADIA RESOURCES CORP.
408 – 837 West Hastings Street, Vancouver, BC V6C 3N6
Tel: (604) 684-6264 Fax: (604) 684-6242