Aberdeen International Inc.

Aberdeen International Inc.

December 20, 2007 08:35 ET

Aberdeen Acquires 9.80% Stake in Quinto Mining

TORONTO, ONTARIO--(Marketwire - Dec. 19, 2007) - ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX VENTURE:AAB) is pleased to announce that it has acquired a 9.80% interest in Quinto Mining Corporation ("Quinto")(TSX VENTURE:QU) As part of a 10 million unit private placement, Aberdeen acquired 5.0 million units with each unit consisting of one common share and one 1/2 common share purchase warrant at a price of $0.65 per unit. The warrants are exercisable for two years at $1.00.

Consolidated Thompson Iron Mines Ltd ("Consolidated")(TSX:CLM) also participated in the Private Placement acquiring 5.0 million units for a 9.80% interest in Quinto. Bruce Humphrey, Chairman of the Board of Consolidated is to join the Board of Quinto.

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. The acquisition of a significant stake in Quinto demonstrates that we believe much value still exists in the Labrador iron ore camp".

Quinto has a 100% interest in the Peppler Lake Iron Project situated approximately 450km north of Bai-Comeau and only 13 km's NW of the Cartier Railway (CRC) wide gauge heavy duty railway linking the Mount-Wright iron ore mine to the year-round deep-sea port at Port-Cartier. The project has a historic resource of 250,000,000 tonne iron ore grading 28% Fe. This historic resource was confirmed in a 2006 43-101 complaint technical report compiled by Bumigene. The Peppler Lake Iron Project also has a number of satellite properties which were drilled in 2007 to explore enhancing the size of the current resource. Watts, Griffis and McQuat of Toronto, Ontario are currently working on an updated NI-43-101 report and revised mineral resource estimate.

George Faught, CEO of Aberdeen stated " Iron Ore continues to be one of the most sought after commodities globally. As development in the Labrador iron camp continues to grow, particularly with Consolidated Thompson rapidly progressing towards production, our investment in Quinto should benefit substantially".

Both George Faught, CEO of Aberdeen and Stan Bharti, Chairman also acquired 185,000 units collectively in the private placement.

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

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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