Aberdeen International Inc.
TSX VENTURE : AAB

Aberdeen International Inc.

October 15, 2007 08:00 ET

Aberdeen International Completes Investments in Virginia Uranium and Buchanan Energy

TORONTO, ONTARIO--(Marketwire - Oct. 15, 2007) - ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX VENTURE:AAB) is pleased to announce that it has completed investments in Virginia Uranium Inc. ("VUI") and Buchanan Renewable Energies Inc. ("Buchanan").

As part of a $19,000,000 private placement by VUI, Aberdeen has acquired 666,667 Special Warrants priced at $1.50, for an aggregate investment of $1,000,000. Each Special Warrant entitles Aberdeen to acquire one common share of VUI for no additional consideration. In the event that VUI does not complete an IPO by the date that is four months following the closing of the financing, the Special Warrant shall be exercisable for 1.1 VUI common shares.

Virginia Uranium Inc. holds a 100% interest in the Coles Hill deposit in Southern Virginia, which is believed to host one of largest undeveloped uranium deposits in North America.

The VUI financing was led by Cormark Securities Inc and included a syndicate comprised of CIBC World Markets, Raymond James Ltd., Canaccord Capital Corp, Wellington West Capital Markets Inc and Westwind Partners Inc.

Aberdeen has also completed a $750,000 investment in Buchanan, as it acquired 3,000,000 Units at a price of $0.25 per Unit. Each Unit consisted of a "Special Share" and one-half of one share purchase warrant. Each whole share purchase warrant shall be exercisable for one common share at a price of $0.25 for two years from the date on which Buchanan completes a liquidity event. Each Special Share will be converted into one common share upon completion of a liquidity event, with a deadline for the liquidity event to be one year from the closing of the financing. Failure to complete a liquidity event will result in each special share being convertible into 1.1 Buchanan common shares and each share purchase warrant will entitle the holder thereof to purchase 1.1 Buchanan common shares; in both cases increasing by an additional 1% (on a non-compounded basis) each month thereafter.

Buchanan Renewable Energies intends to rejuvenate Liberian rubber plantations through the removal of non-productive rubber trees for cultivation of land in preparation for planting. Utilizing the waste, Buchanan Renewable Energies will produce Bio-Mass fuel in Liberia. Liberia has the potential to become the world's first biomass driven sustainable economy and a major exporter of biomass fuel.

The Buchanan financing was led by PowerOne Capital Markets Limited for gross proceeds of approximately $10.0 million.

Stan Bharti, Chairman of Aberdeen, stated, "Both Virginia and Buchanan represent ground floor opportunities in the growing Energy Sector, particularly in the Nuclear and Alternative Energy space. Virginia has the potential to move to production relatively quickly as a source of domestic uranium supply not currently being met with other producers in the USA. As well, Biomass fuel production offers an exciting alternative investment vehicle with superior upside potential."

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 Company's intention will be to optimize the return on its investment over an 18 to 24 month investment time frame.

Cautionary Notes

Aberdeen has relied solely on publicly available information for all statements herein regarding VUI and Buchanan.

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 include without limitation, statements regarding the potential of the Company's investments, the Company's plan of business operations; ability to identify and execute investments; investment philosophy and business purposes; potential benefits of the business; 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. Factors that could cause actual results to differ materially include, among others, energy prices, competition, financing risks, 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.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS RELEASE.

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