Aberdeen International Inc.

Aberdeen International Inc.

October 23, 2007 10:42 ET

Aberdeen Announces that Gold Royalty Increases to 4.75% as Gold Price hits $750.00 per oz

TORONTO, ONTARIO--(Marketwire - Oct. 23, 2007) - ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX VENTURE:AAB) is pleased to announce that the graduated gold royalty that it holds in respect of the Buffels underground mine operated by Simmer and Jack Mines, Limited ("Simmers") and the Buffels Tailings Recovery Project operated by First Uranium Corporation has increased to 4.75% as the price of Gold continues to trade above $750.00 per oz.

Aberdeen continues to receive a graduated gold royalty under an existing secured royalty loan facility, entered into with Simmers in late 2005. The royalty applies to all gold recovered from the Buffels mine property located approximately 160 km from Johannesburg, South Africa. In November 2005, Simmers reactivated the Buffels underground mine and is continuing to ramp-up annual gold production to a forecasted 230,000 ounces. Simmers has reported that it is addressing gold production shortfalls from the Buffels mine with an increased mine development plan to deal with the adverse effects of seismicity and geological complexity. In an effort to optimize the gold production from the Buffels mine, Simmers reports that it is in the process of refurbishing the abandoned high-grade Five Shaft. Simmers expects the reactivation of the Five Shaft to add a significant amount of gold to its reserves. Production form the Five Shaft will commence this year and is expected to produce 12,000 ounces by March 31, 2008.

In addition, Aberdeen receives a graduated Gold Royalty under the same terms and conditions for the Buffels Tailings Recovery Project operated by First Uranium Corporation. First Uranium expects to produce first gold from the Buffels Tailings Recovery Project in the fourth quarter of 2007.

In the third quarter 2007, the gold price averaged US$681, resulting in a royalty rate of 4.05%, which provided Aberdeen with revenue under the Simmers royalty loan facility of US$988,000.

George Faught, President and CEO stated "the graduated nature of the Simmers/First Uranium royalty facility has responded favourably to the strengthening gold price". Mr. Faught added "based on life-of-mine gold production estimates from both Simmers' Buffels underground mine and First Uranium's Buffels Tailings Recovery Project, Aberdeen estimates that the life-of-mine cash flow has a pre-tax value of approximately $47 million based on a long -term gold price of US$700/oz discounted at 5%".

The Simmers royalty loan facility matures on December 31, 2008, at which time the loan principal of US$10 million is to be repaid to Aberdeen and a 1% royalty is to ensue for the life of the underground mine and tailings recovery project at Buffels.

Alternatively, Aberdeen can elect to convert the royalty loan into Simmers shares at a conversion price of ZAR0.80 per share. However, the conversion option is subject to Simmers' shareholder approval.

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.

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

Cautionary Notes

Information in this press release regarding Simmers and First Uranium Corporation has been derived from publicly available information. Aberdeen has not verified this information.

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; availability of financing on acceptable terms; ability to identify and execute investments; investment philosophy and business purposes; projected costs and expenditures; 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. 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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