SOURCE: ABV Gold

August 14, 2007 09:30 ET

ABV Gold, Inc. Announces the Acquisition of 132 Million Shares of Common Stock

MONTREAL--(Marketwire - August 14, 2007) - ABV Gold, Inc. (PINKSHEETS: ABVG) (FRANKFURT: AB8) is pleased to announce that it has acquired 132 million shares of common stock.

"ABV Gold Inc. is pleased to announce that it has acquired 132 million shares of common stock. This acquisition of stock is part of our ongoing restructuring of the company in order to maximize shareholder value," said Daniel Ryan, President of ABV Gold Inc. "This purchase will allow us to reduce the issued and outstanding common stock of the company from 323 million to 191 million shares. This reduction in the outstanding shares gives a higher asset value on a per share basis for all remaining stock holders."

"This purchase was completed in a combination of open market and private transactions," reported Mr. Ryan. "This purchase of stock was considered a wise investment given our expectation that ABV Gold Inc. should have an asset value in excess of .50 USD once all our pending transactions are completed. Our team is working on innovative financing methods in order to attract continued investment in the projects undertaken by our company. The CPC RTO announced yesterday is just one example of our ongoing commitment to a business model which is aimed at building shareholder equity."

In closing, Mr. Ryan stated, "Shareholders should expect to see the more announcements in regards to other deals which fit our business model. Our intention is to build a company which we can move to the OTCBB in early October. I expect our team will be successful in delivering value to all our shareholders. We are targeting an asset base increase to $100 million USD by year end which should ultimately be reflected in a higher share price."

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.

Contact Information