Aberdeen International Inc.

Aberdeen International Inc.

October 24, 2007 21:56 ET

Aberdeen International Completes Investment in Glencairn Gold

TORONTO, ONTARIO--(Marketwire - Oct. 24, 2007) - ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX VENTURE:AAB) is pleased to announce that it has completed its previously announced investment in Glencairn Gold Corporation (TSX:GGG) ("Glencairn"). Aberdeen has acquired 46,333,001 units and subscription receipts at a price of $0.15 each. Assuming all subscription receipts are exercised, Aberdeen will own 46,333,001 Glencairn common shares, representing approximately 11.2% of outstanding Glencairn common shares, and 23,166,500 share purchase warrants. Each share purchase warrant entitles the holder to acquire one Glencairn common share at a price of $0.18 until October 22, 2010.

Aberdeen has acquired these securities for investment purposes only and may acquire additional securities or dispose of its beneficial ownership, control or direction over securities through market transactions, private placements, treasury issuances or otherwise as circumstances or market conditions warrant or arise. To obtain a copy of the early warning report filed in connection with this investment in Glencairn, please contact George Faught at (416) 861-5887.

Stan Bharti, Chairman of Aberdeen, is to be appointed as Chairman of the Board of Glencairn and George Faught, President and CEO of Aberdeen, will also join Glencairn's Board of Directors.

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 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 info@aberdeeninternational.ca.

Cautionary Notes

With respect to all statements herein relating to Glencairn, its business and its prospects, Aberdeen has relied solely upon the management of Glencairn.

Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the Company's plan of business operations; projections regarding future success based on past success; ability to identify and execute investments; investment philosophy and business purposes; projected costs and expenditures; potential benefits of the business and of specific investments; and anticipated returns. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. In particular, past success or achievement does not guarantee future success. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.


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