SOURCE: ABV Gold

September 12, 2007 09:30 ET

ABV Gold, Inc. Reports on Progress

MONTREAL--(Marketwire - September 12, 2007) - ABV Gold, Inc. (PINKSHEETS: ABVG) (FRANKFURT: AB8) is pleased to report on progress on its corporate restructuring.

"ABV Gold, Inc. is pleased to report that we have made some big steps in restructuring the company this week," announced Daniel Ryan, President of ABV Gold, Inc. "The paperwork at the transfer agency has been finalized. This allows us to initiate the retirement of the 132 million common shares announced in our August 14th, 2007 press release. We were unable to complete the retirement transaction until the T/A paperwork was completed. Now that we are done we will be speaking to counsel tomorrow to move this share retirement forward. A share retirement is the cornerstone of our plan to maximize shareholder value. Our shareholders can expect further updates in this week's conference call."

Furthermore, Mr. Ryan added, "It tied us up considerably to have the T/A process delayed for such an extensive period of time. We can now proceed with closing some of our previously announced acquisitions as well as a pending acquisition. Our team has been very active in identifying new projects which will bring added value to ABV Gold, Inc. shareholders. As announced in the last conference call we were searching for a marquee project for the company. If everything goes as planned we expect to be able to release acquisition news next week. The closing of this acquisition will be done in conjunction with a planned financing via a preferred share offering."

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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