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

Consolidated Abaddon Resources Inc.

February 12, 2010 09:00 ET

Consolidated Abaddon Drill Program Begins on Raleigh Lake Lithium Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 12, 2010) - Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN) (FRANKFURT:E2L) (the "Company") announces that its winter phase one 2010 drill program has commenced on its Raleigh Lake Lithium project located in the Kenora Mining Division, Northwestern Ontario.

Raleigh Lake Lithium project location map:
http://www.consolidatedabaddon.com/s/Image.asp?i=maps/Ignace.jpg

The Raleigh Lake Lithium property is ideally located 5 km south of the Trans Canada Highway between the towns of Dryden and Ignace, Ontario. Accessibility to the property is also readily available with infrastructure and power nearby.

A phase one drill program consisting of 6 holes totalling approximately 1400 metres is being carried out by Rodren Drilling of Winnipeg, Manitoba.

Raleigh Lake Lithium proposed 2010 drill holes:
http://www.consolidatedabaddon.com/s/Image.asp?i=maps/2010_Raleigh_Lake_Proposed_Holes.jpg

A detailed magnetometer survey was completed across the entire Raleigh Lake Lithium property in November 2009. Structural interpretations from the magnetic data were used in the targeting of the phase one 2010 drill holes on the property.

Only a few shallow holes were drilled on the Raleigh Lake property by Avalon Ventures Ltd. in 1999 and 2000. Historic data available in the Ontario Government geological files reflect certain significant intersections below.

Hole # RL 99-01     0.56 % Li (lithium) over 3.2 metres
Hole # RL 99-04     1.00 % Li             over 4.1 metres
Hole # RL 99-05     1.50 % Li             over 6.9 metres

Lithium and Tantalum on the Raleigh Lake property are associated with a shallow dipping pegmatite system that crosscut mafic volcanic rocks. These volcanic rocks flank granitic intrusives. The structural elements from the magnetometer survey identified structural areas where "ground preparation" may have lead to thicker and more prospective sections of pegmatite. Several rock geochemical anomalies are aligned with interpreted structures in the general area of previous intercepts and will be further tested.

The Raleigh Lake Lithium-bearing pegmatites have been known in the area since the 1960s. Ontario Provincial Government mapping in the 1990s identified a pegmatite field trending through the area. A very modest drill program conducted by Avalon Ventures Ltd. in 1999 and 2000 defined several stacked shallow dipping (20 to 30 degrees) lithium bearing dikes in several drill holes. Thicknesses ranged from one to eight metres and were shown to continue 450 metres down dip. Drill holes were relatively shallow and broadly spaced. The pegmatites appear very uniform at the spacing used and occur in volcanic rock flanking granitic intrusions.

Consolidated Abaddon has approximately $2.3 million in its treasury and no debt.

David Busch, BA, BSc, PGeo, is the qualified person under the meaning of National Instrument 43-101 and has reviewed the data in this news release.

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.

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