SOURCE: ABV Gold

May 23, 2007 10:30 ET

ABV Gold Signs Acquisition Agreement With Toiyabe Resources, A Nevada-Based Uranium Project

LITTLETON, CO -- (MARKET WIRE) -- May 23, 2007 -- ABV Gold (PINKSHEETS: ABVG) announced today that it has officially signed an acquisition agreement and has acquired 100% of Toiyabe Resources LLC and its Uranium Mining Projects located on the mining claims in the Reese River and Birch Creek mining districts of Lander County Nevada.

"This is a major step in developing our company and becoming a major player in the base, precious and strategic metals," said Sylvain Amyot, President of ABV Gold Inc. "Several geologist have visited the Toiyabe Uranium property, which covers over 1,200 acres and further to the preliminary data gathered, they estimate the discovery potential between 12 million lbs to 20 million lbs of Uranium in recoverable reserves and if we account at today's market prices of over $130/ lb, we could be sitting on a property with well over $1 billion USD of Uranium to mine," further added Mr. Amyot.

The company expects to launch its new website and release a complete report on the Uranium property and other precious metals property in the following weeks as well as file its new disclosure statement with Pinksheets.

About ABV Gold

ABV Gold Inc. is gold and precious metals mining company founded as an exploration company to locate, explore and mine world-class deposits. ABV Gold Inc. is publicly traded on the Over the Counter Pinksheets Market.

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Contact Information

  • Contact:
    Sylvain Amyot
    Interim President
    samyot@abvgold.com

    Alex Barta
    Investor Relations
    514-991-2272