Aberdeen International Inc.

Aberdeen International Inc.

January 31, 2007 16:58 ET

Aberdeen Acquires Key Gold-Copper-Zinc Exploration Concessions in Ethiopia

TORONTO, ONTARIO--(CCNMatthews - Jan. 31, 2007) - Aberdeen International Inc. (TSX VENTURE:AAB) is pleased to announce the acquisition of Exploration Licenses under an exclusive right to prospecting areas in the Federal Democratic Republic of Ethiopia. These initial exploration licenses have the potential to host Word-Class base metal and gold mineralization.

Under an agreement with Ethio-Gibe Canada Mining PLC (Ethio-Gibe), Aberdeen obtained 100% of the exclusive rights granted by the Ethiopian Government to Ethio-Gibe for consideration consisting of cash and shares payable over a five year period. To earn its interest in the exclusive rights, Aberdeen will make an initial payment of C$200,000 and issue 500,000 shares of the Company on or before April 25, 2007. The Company will make further payments of C$250,000 and issue 250,000 shares on or before each of December 31, 2007, December 31, 2008 and December 31, 2009. In addition, payments of $500,000 will be made on each of December 31, 2010 and December 31, 2011, payable in cash or shares of the Company at the Company's option, contingent on the discovery of resources equivalent to 1 million ounces of gold by December 31, 2009. Ethio-Gibe will also retain a 2% net smelter royalty (the "NSR") on all properties covered by this agreement. Aberdeen has the option to reduce the NSR to 1% by making a payment of C$1 million to Ethio-Gibe. The agreement with Ethio-Gibe remains subject to the approval of The TSX Venture Exchange.

The agreement with the Ethiopian Government provides Aberdeen with an exclusive right to exploration licenses in three prospecting areas of Ethiopia, covering 268,700 km2. The exclusive right period extends to April 27, 2007 and the exploration licenses granted by the Ethiopian Government will be valid for an initial 3 year period, followed by two renewal periods of 1 year each. The areas covered by the exclusive agreement are:

- 30,200 km2 in the Northern Regional State of Tigray, where historical work has outlined near surface base metal and gold occurrences in the Tigray Greenstone Belt, 100 kilometers SE of Nevsun's Bisha VMS Deposit and 50 kilometers SW of Sunridge's Asmara Base Metal Prospect, both of which are located in Eritrea;

- 113,000 km2 in the Western Regional State of Asosa, where a number of key gold-bearing targets have previously been identified in the Western Greenstone Belt; and

- 125,500 km2 in the Southern Regional State of Oromo, where National Mining Corporation is currently mining the Lega Dembi Gold Deposit in the Adola Greenstone Belt.

Initial Exploration Licenses

On January 25, 2007, the Ministry of Mines and Energy of Ethiopia granted Aberdeen exploration licenses covering 3,582 km2 in the Northern Regional State of Tigray and 1,693 km2 in the Western Regional State of Asosa. The Company expects to apply for further exploration licenses prior to the expiry of the exclusive right.

Mr. George Faught, President and CEO Aberdeen states "with the acquisition of initial exploration licenses covering 5,275 km2, the Company is now in a position to add high quality exploration projects where historical work in Ethiopia has outlined base metal and gold mineralization of significance over strike lengths in excess of 40 kilometres. The plan will be to test the upside potential by aggressively exploring the known targets and new areas, to define World-Class Mineral Resources".

Aberdeen has received a National Instrument (NI) 43-101 Technical Report titled Ethiopian Mineral Properties, by Jean Lafleur, P. Geo., dated August 25, 2006, covering the prospecting areas. According to the author of the report, the prospecting areas host a number of base metal and gold occurrences with potential to host World-Class Mineral Resources.

The Ethiopian Mineralization Setting

The northern Tigray Greenstone Belt hosts a number of Volcanogenic Massive Sulphide (VMS) occurrences. The geological setting is similar to the poly-metallic mineralization at Bisha and Asmara located further north in Eritrea.

Bisha is a very large precious metal and base metal-rich VMS deposit located in western Eritrea. Suggested models for Bisha include Noranda or Matagami-type deposits. A bankable feasibility study on the Bisha project was recently completed by Nevsun Resources (Nevsun website at www.nevsun.com). Bisha reportedly hosts oxide ore of 4.0 million tonnes at 7.99 g/t gold and 32.85 g/t silver; supergene ore of 6.4 million tonnes at 4.4% copper, 0.83 g/t gold and 35.98 g/t silver; and primary ore of 9.7 million tonnes at 7.21% zinc, 1.14% copper, 0.76 g/t gold and 54 g/t silver.

At Asmara, Sunridge Gold is developing mineral resources in at least two locations, at Debarwa and Adi Nefas, where historical reserves and resources were outlined prior to NI 43-101 standards. The Debarwa Zone hosts 1.7 million tonnes at 5.1% copper and 1.4 g/t gold, and the Adi Nefas Zone hosts 1 million tonnes at 1.4% copper, 13% zinc, 1.6% lead, 4 g/t gold and 160 g/t silver (Sunridge website at www.sunridgegold.com).

The Western Greenstone Belt hosts lode gold mineralization linked to quartz veins and shear zones similar to those of the Canadian Abitibi Greenstone Belt. Gold can also be found enriched in placer environments and in oxidized zones of weathered bedrock. Historical work in the region, as reported in the NI 43-101 Technical Report, has shown grades ranging from 1 g/t gold over metric to decimetric wide corridors, to more than 10 g/t gold in millimetric and metric intervals. One key area of more extensive gold mineralization is in the Regional State Capital of Asosa; where historical work undertaken in the late 1990's defined kilometric long gold bearing corridors along several major structural zones.

Gold mineralization in the southern Adola Greenstone Belt is linked to quartz veins and disseminated sulphide zones. This belt is host to the Lega Dembi Gold Deposit, where historical " Reserves " (defined prior to NI 43-101 standards) were reported at 11.875 million tonnes grading 4.46 g/t gold, with an annual production rate of 96,000 ounces of gold (National Mining Corporation, 1994, formerly the Ethio-Libyan Joint Mining Company).

Aberdeen International Inc.

Aberdeen International Inc. is a Canadian Exploration and Royalty Company listed on the TSX Venture Exchange under the symbol AAB. Aberdeen offers an unique investment opportunity in the gold sector with its secured, convertible royalty structure that provides reduced exposure to operational risk and the local operating currency, while providing direct leverage and increased participation to a rising gold price with the sliding scale royalty and further upside potential with a conversion right into the equity of the underlying gold producer. With the addition of the highly prospective exploration licenses in Ethiopia, the Company now has the potential to utilize its strong royalty cash flow to identify world class base metal and gold mineralization.

This press release has been prepared under the supervision of Jean Lafleur, P. Geo., the Company's Qualified Person for Ethiopia under the NI 43-101 standards.

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

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those in these "forward-looking statements. The Company cautions investors that the projections for increases to the Indicated Resources are based on Inferred Resources. There is no certainty that these projections will be added to the Indicated Resources or that they will be economically viable.


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