SOURCE: ABV Gold

October 15, 2007 09:30 ET

ABV Gold, Inc. Issues Open Letter to Shareholders

MONTREAL--(Marketwire - October 15, 2007) - ABV Gold, Inc. (PINKSHEETS: ABVG) (FRANKFURT: AB8) is pleased to issue this letter to shareholders.

Dear Shareholders,

In response to repeated queries about the status of our company, in particular, requests for more data concerning our gold mine holdings in Russia, ABV Gold, Inc. provides this open letter to its shareholders, as well as the investment community at large.

Management is pleased to report that we have been working diligently on internal structural issues. In this respect, the focus of the last two weeks' activities has been to finalize retirement of 132 million shares as announced in previous press releases.

As many of you are aware, this is an important step for our company's future and of great benefit to shareholders for several reasons: A smaller float will maximize price appreciation once we deliver results on our various projects.

The desire of our shareholders notwithstanding, this share retirement is a complex issue and delays are not unusual considering the number of parties involved in the transaction: We are working with the selling shareholders, Stalt Inc, and our attorney to make sure we complete this transaction. When any party might miss phone calls, fax requests, documentation, certification, verification, the delays can multiply exponentially.

Nevertheless, we expect to be able to complete the retirement of these shares over the next two weeks.

Financing has yet to be a problem for our operations. As detailed in our recent AudioStocks.com interview, we have previously been financed by the principals and by people close to the principals. Current projects are being financed by the projects themselves, in some cases. Furthermore, we are using a CPC vehicle going forward on certain deals, as will be the case with a prospective New Mexico transaction. Information on the CPC program can be found @ http://www.tsx.com/en/listings/listing_with_us/ways/capital_company.html.

We are keenly aware that the public wants more information on our properties. It is our intention to list detailed technical information about our holdings via our website. Our Russian interests are operated under a partnership consisting of two companies, Kamsas and DRSU. We have recently obtained English translations of documents outlining the geographical locations. The spellings are per the documents, which are loosely translated:

--  Both Kamsas and DRSU maintain legal addresses in Kransnoyarsk county,
    Nagarov city, municipality Promyshleny Uzel.
    
--  Kamzas is licensed to extract gold in the Balyks River Valley, located
    in the Republic of Hakasiya, 10 km East of Balysk.
    
--  The areas are located near the villages of Balyks, Neojidany (sic) and
    Nikolaevka in the Republic of Haskasiya.
    
--  The region 1.5 km Southwest of Neojidanny (sic), the Magazinskaya
    section, is located in Balyseen and unifies a few gold-operational zones
    and gold fields. This are of the licence (sic) is connected to the right
    shore of the valley in the upper part of the river Magazy and on the right
    shore in the lower part of the valley of the river Kamzas.
    

When we have more accurate translations we will disclose further details.

Now that our webmaster has worked through a backlog in his business and we have been assured that delays are no longer a problem, we anticipate the launch of our new website shortly. We trust it will be worth the wait.

Therefore, considering our revised activities schedule it would not be unusual for ABV Gold, Inc. to begin issuing press releases with greater frequency in the very near future.

We hope that the above provides some much-needed transparency and close this letter with a request of our own: that our shareholders please remember why they were initially drawn to our company in the first place and remain steadfast in their commitment to the company -- as do we.

Best regards,

Daniel Ryan
President and CEO
ABV Gold, Inc.

About ABV Gold

ABV Gold is a publicly traded, junior mining-exploration company headquartered in Montreal, Canada. The company pursues the acquisition and development of mining properties known to contain significant mineral assets, principally uranium and/or gold. For additional information, please visit the corporate website at www.abvgoldinc.com.

Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.

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