January 16, 2008 09:30 ET

ABV Gold Obtains Independent Reserve Report on the Russian Gold Mine Merger, Revealing 68 Tons of Gold With Average of 1.7 g/t and 739 Tons of Silver With Average of 17.2 g/t

MONTREAL--(Marketwire - January 16, 2008) - ABV Gold (PINKSHEETS: ABVG) (FRANKFURT: AD8), a gold and other precious metals mining company, announced today that it has obtained the independent reserve report on the Russian Gold Mine merger target.

According to the company, the reserve report was performed in accordance with the requirements of Canadian National Standard NI 43-101 and Form 43-101F1 (Standard for disclosure of information concerning mineral projects).

In summary of the 43-101 reserve report, the Russian Mine has the following reserves:

--  Gold -- 68 tons at the average content of 1.7 g/t
--  Silver -- 739.6 tons at the average content of 17.2 g/t
--  Iron -- 20.8 million tons at the average content of 52%
--  Platinum -- 3.6 tons at the average content of 0.09 g/t

"When reviewing the size of the property as per the report, we can estimate the value of the reserves to be anywhere between $3 to $4 billion USD and the objective of the company should be to acquire a portion of the working interest so as not to dilute our shareholders too much, but create sufficient value in the long run," said Daniel Ryan, President of ABV Gold. "We believe that we can acquire up to 10%, meaning a value of approximately $300 million and structure a deal whereby the current shareholders would own between 25% to 30%, or approximately $75 million to $100 million and if we consider that the company's current share structure, we would be acquiring assets of between $0.30 to $0.40 per share," further added Mr. Ryan.

The company is awaiting the independent appraisal of the financial value of the mining company and its viability, which is expected by or before January 18, 2008.

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

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