Consolidated Abaddon Resources Inc.
TSX VENTURE : ABN
FRANKFURT : E2L

Consolidated Abaddon Resources Inc.

September 24, 2009 09:00 ET

Consolidated Abaddon Begins Exploration on Selwyn Lake Rare Earth Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2009) - Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN) (FRANKFURT:E2L) (the "Company") announces that an in-depth work program has now commenced on its Selwyn Lake rare earth (REE) property. The Selwyn Lake property includes 13 claim blocks covering 1,219 hectares and is located in the Selwyn Lake Township of the Thunder Bay mining division, province of Ontario. The property is accessible by road and lies four kilometres from a railway.

Selwyn Lake rare earth property location map: http://www.consolidatedabaddon.com/s/Image.asp?i=maps/ABN_Regional_Location_Map_Northwestern_Ontario.jpg

A crew has been mobilized to the Selwyn Lake rare earth property in Northwestern Ontario. An exploration program consisting of detailed prospecting, soil sampling and till sampling has now been initiated. A general geological follow up of a previously identified lake sediment anomaly is now under way. The anomaly was identified in 1996 by the Ontario Geological Survey and confirmed with further sampling in 2002 showing mineralization of rare earth elements (REE) with very high iron and thorium counts. The Company will focus on the known Pegmatitic rock types in the area.

Selwyn Lake sediment anomaly map: http://www.consolidatedabaddon.com/s/Image.asp?i=maps/ABN_2009_Selwyn_Lake_Claim_Group.jpg

Consolidated Abaddon acquired an option on the Selwyn Lake rare earth claims on September 14th, 2009 covering a large and strong REE, Fe, Mo, Th, U3O8 lake sediment anomaly. The multi element (REE) rare earth element anomaly includes 10 lakes on three drainage systems. The Selwyn Lake anomaly is similar in size and element association to the lake sediment anomaly at Strange Lake rare earth element project of Quest Uranium in Labrador. The Selwyn Lake sediment anomaly is located astride a splay in a regional structural zone that has been the focus of earlier granitic intrusives. The area has potential for rare earth and Olympic dam-style mineralization. There has been limited reported exploration in the area.

About Consolidated Abaddon Resources Inc.:
Consolidated Abaddon Resources Inc. is a Canadian exploration company actively involved with the development of uranium and lithium properties in the Athabasca Basin of northern Saskatchewan and in northwestern Ontario.

Property partners include Denison Mines Corp., and Triex Minerals Corp.

For further information on Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN), visit our Company's web site at www.consolidatedabaddon.com.

ON BEHALF OF THE BOARD OF DIRECTORS

JAMES G. PETTIT, President

This news release may contain certain "Forward-Looking Statements" that may involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. For a more detailed discussion of such risks and other factors, refer to the Company's filings with Canadian Securities regulators available on www.sedar.com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Contact Information

  • Consolidated Abaddon Resources Inc.
    James G. Pettit
    President
    (604) 687-3376 or Toll Free: 1-800-567-8181
    Fax: (604) 687-3119

    or

    Consolidated Abaddon Resources Inc.
    Don Myers
    Director
    (604) 687-3376 or Toll Free: 1-800-567-8181
    Fax: (604) 687-3119
    info@consolidatedabaddon.com
    www.consolidatedabaddon.com