Aberdeen International Inc.

Aberdeen International Inc.

January 09, 2008 16:10 ET

Aberdeen Acquires 2.96% Stake in Labrador Iron Mines

TORONTO, ONTARIO--(Marketwire - Jan. 9, 2008) - ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX VENTURE:AAB) is pleased to announce that it acquired 1,050,000 units of Labrador Iron Mines Holdings Limited ("Labrador") in its Initial Public Offering on December 3rd, 2007. This represents a 2.96% interest in Labrador. Aberdeen acquired 1.05 million units with each Labrador unit consists of one common share and one common share purchase warrant at a price of $4.00 per unit. The warrants are exercisable for two years at $5.00.

Labrador Iron Mines Limited ( 100 % owned by Labrador) is developing direct shipping iron ore deposits in and around the Labrador Trough in North-Western Labrador. Its main focus is the Schefferville Project that was formerly part of the iron ore reserves and resources established by the Iron Ore Company of Canada (IOCC) prior to the closure of its direct shipping operations. Between 1954 and 1982, IOCC shipped over 150 million tons of lump and sinter ores by rail to Sept-Iles (Quebec) for onward shipment to North American and European steel mills.

Labrador's objective is to commence production in mid 2009 with full production of 3.5 million tonnes of saleable direct shipping hematite lump ore and sinter fine ore per annum to be achieved by 2010.

Stan Bharti, Chairman of Aberdeen stated " We believe that bulk commodities such as iron ore will continue to enjoy tremendous growth over the next few years. This acquisition combined with our previously announced investment in Quinto Mining Corporation Ltd further demonstrates that we believe much value still exists in and around the Labrador Trough".

George Faught, CEO of Aberdeen stated " Iron Ore continues to be one of the most sought after commodities globally. Labrador's Brownfield development of direct shipping ore represents another significant development within the Labrador Trough particularly with Consolidated Thompson rapidly progressing towards production. Combined with our recent investment in Quinto Mining, Aberdeen clearly see's the Labrador Trough as a growth area in new supply for the iron ore market."

About Aberdeen International Inc:

Aberdeen is a publicly traded global investment and merchant banking company focused on small cap companies in the resource sector. Aberdeen will seek to acquire significant equity participation in pre-IPO and/or early stage public resource companies with undeveloped or undervalued high-quality resources. Aberdeen will focus on companies that: (i) are in need of managerial, technical and financial resources to realize their full potential; (ii) are undervalued in foreign capital markets; and (iii) operate in jurisdictions with low to moderate local political risk. Aberdeen will seek to provide value-added managerial and board advisory services to companies. The Corporation's intention will be to optimize the return on its investment over an 18 to 24 month investment time frame.

Aberdeen International Inc.

Please visit the Company's web site at www.aberdeeninternational.ca or write us at smoore@aberdeeninternational.ca.

Cautionary Notes

Cautionary Note Regarding Forward-Looking Information This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the future financial or operating performance of the Company, valuations of investments, proposed transactions and investments, investment philosophy and liabilities and commitments. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: financing not being available at desired prices; general business, economic, competitive, political and social uncertainties; general other risks of the mining industry and investment industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.


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