January 29, 2007 13:00 ET

ABV Gold Signs Letter of Intent to Acquire the Parin Mining Properties

MONTREAL -- (MARKET WIRE) -- January 29, 2007 -- ABV Gold (PINKSHEETS: ABVG), a gold and other precious metals mining company, announced today that it has signed a letter of intent to acquire the Parin Mining properties located in the Joutel township of Northern Quebec, Canada.

According to the letter of intent, ABV Gold will acquire 100% of the Parin Mining properties, which covers over 2,600 acres of strategic mining land claims. The 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.

"The Parin Mining properties are of great interest due to the presence of gold occurrences to the north, the domical structure on the edge of the gravity anomaly and the presence of the conducive zone along the central part of the dome," said Sylvain Amyot, Interim President of ABV Gold. "These properties along with our continued efforts to acquire proven reserves and producing mines will greatly enhance our value in the near future," 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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