Aberdeen International Inc.
TSX VENTURE : AAB

Aberdeen International Inc.

August 17, 2007 09:43 ET

Aberdeen International Confirms Short-Term Investments

TORONTO, ONTARIO--(Marketwire - Aug. 17, 2007) - ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX VENTURE:AAB) is pleased to announce that the net proceeds of ($56 million) from the previously announced private placement financing (the "Offering") of subscription receipts in connection with its transition to a mining investment company is invested in Banker's Acceptance Paper issued by Canadian Schedule 1 Financial Institutions only. As well, AAB has not yet used any margin, and, as such, is not exposed to credit or lending issues.

The recent weakness in the capital markets has presented the Company with investment opportunities which it will pursue in a disciplined manner.

Stan Bharti, Chairman of the Company says; "We are highly respective of the market confidence shown in our ability to actively manage our early stage investment strategy. We are diligent in the way we handle our cash balances and will remain so in order to maintain that confidence and pursue our business model".

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.

On June 6, 2007 the Corporation completed a private placement of subscription receipts (the "Financing") pursuant to which it raised aggregate gross proceeds of CDN$60 million. The Financing involved the issuance of 75 million subscription receipts at an issue price of CDN$0.80 per subscription receipt. Each unit consists of one common share and one half of one common share purchase warrant, each whole warrant will be exercisable into one common share of the Corporation for a period of five years following the closing date at a price of CDN$1.00.

Cautionary Note Regarding Forward-looking 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.

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

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