February 13, 2007 09:30 ET

ABV Gold Signs Acquisition Agreement for the Parin Mining Properties

MONTREAL -- (MARKET WIRE) -- February 13, 2007 -- ABV Gold (PINKSHEETS: ABVG), a gold and other precious metals mining company, announced today that it has signed a definitive acquisition agreement for the Parin Mining properties located in the Joutel township of Northern Quebec, Canada.

According to the company, the definitive acquisition agreement has been executed and any and all conditions have been met and the transaction was closed on February 9, and therefore the 2,600 acres of the Parin Mining properties are now 100% owned by ABV Gold Inc. The properties were acquired with the issuance of 10 million restricted shares and an option for an additional 10 million shares upon the start of production on the properties.

The Parin Mining properties are easily accessible by paved highway and therefore allow for efficient development. The Joutel region is well known for its gold, copper and zinc deposits, where two surrounding mines have in excess of 8 million tons of copper and two others account for several million ounces of Gold and the Parin Properties is expected to yield similar significant results.

"We are very satisfied with the conclusion of our acquisition of the Parin Mining properties. They are of great interest with definite geological formation that represents precious metal deposit," said Sylvain Amyot, Interim President of ABV Gold. "We will now seek to add other significant properties as well as continue to develop existing ones to quickly turn ABV Gold into an important producing gold company," further added Mr. Amyot.

About ABV Gold

ABV Gold is a Canadian-based gold and precious metals mining company founded as an exploration company to locate, explore and mine world-class volcanogenic metallic deposits.

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