SOURCE: ABV Gold Inc.

August 10, 2007 11:04 ET

ABV Gold, Inc. Announces Stock Buyback of 132 Million Shares

MONTREAL--(Marketwire - August 10, 2007) - ABV Gold, Inc. (PINKSHEETS: ABVG) (FRANKFURT: AB8) is pleased to announce a stock buyback of 132 million shares.

"Our company is committed to maximizing shareholder equity and to that end we have decided to move forward and initiate a stock buyback of 132 million shares. We plan to be buyers of our stock in the open market at prices ranging from our current level up to and including nine cents," stated Daniel Ryan, President of ABV Gold, Inc. "The decision to buyback stock is based on our belief that our current portfolio of properties is worth in excess of 10 cents per share."

"We are very pleased about our progress at the company level," stated Mr. Ryan. "We have taken the time to position the company in order to allow ABV Gold, Inc. to acquire more properties and grow our asset base. The move to significantly reduce the outstanding shares should be very beneficial for all our shareholders."

About ABV Gold

ABV Gold is a publicly traded, junior mining-exploration company headquartered in Montreal, Canada. The company pursues the acquisition and development of mining properties known to contain significant mineral assets, principally uranium and or gold. For additional information, please visit the corporate website at www.abvgoldinc.com.

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