SOURCE: ABV Gold

May 15, 2007 10:20 ET

ABV Gold to Acquire Nevada-Based Uranium Project

LITTLETON, CO -- (MARKET WIRE) -- May 15, 2007 -- ABV Gold (PINKSHEETS: ABVG) announced today that it has signed a letter of intent to acquire 100% of Toiyable 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.

The companies expect to sign a definitive acquisition agreement on or before May 17, 2007 and close the transaction on or Before May 31, 2007.

"We are very glad to be part of such a significant Uranium project located on over 1200 acres of land," said Sylvain Amyot, President of ABV Gold Inc. "These mining claims have tremendous potential has shown by its surface samples and the fact that it is located between two past producing Uranium mines," further added Mr. Amyot.

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