Consolidated Abaddon Resources Inc.

Consolidated Abaddon Resources Inc.

July 15, 2008 09:00 ET

Consolidated Abaddon Begins Exploration Program on Pukaskwa Uranium Claims in NW Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2008) - Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN) (FRANKFURT:E2L) is pleased to announce the commencement of a summer field program on the Pukaskwa uranium claims in Northwestern Ontario. The Pukaskwa uranium claims are located in the White River area to the Northwest of Elliot Lake and North of Cameco's Blind River uranium operation. The claims consist of 4 claim blocks totalling approximately 100,000 acres.

Location Map of Pukaskwa Uranium Claims:

The claim areas were staked based on the results of Airborne Gamma Ray and a lake sediment sampling survey that clearly identified 4 strong uranium anomalies.

Airborne Gamma Ray & Uranium in Lake Sediment Survey Map:

Consolidated Abaddon feels the claims demonstrate the potential for a major structural flexure marked by a magnetic signature that correlates well with the uranium anomalies. The area is underlain by late Archean intrusive rocks, and felsic volcanics and sedimentary rocks of probable Proterazoic age which correlates well to a possible large intrusion related uranium deposit amenable to open pit mining. The Company is proposing an extensive exploration program to prove up the geology and resource potential of the area.

In other news, Consolidated Abaddon announces that Triex Minerals Corp. has earned a 60% interest in the Company's Mann Lake uranium property and Denison Mines Corp. has earned a 51% interest in the Company's Huard-Kircsh Lakes uranium property. The Mann Lake and Huard-Kircsh Lakes properties are located to the southwest and northwest, respectively, of Cameco Corp.'s operating McArthur River uranium mine in the Athabasca Basin of Northern Saskatchewan. Consolidated Abaddon anticipates work to progress in the 2008 / 09 winter season for both joint ventures.

The Company also announces that it will be terminating its option agreement with Utah Uranium Corp. on the Pinto and Wild claims. Consolidated Abaddon drilled 10 holes on the Pinto claims with no significant results and moved its focus to the Wild claims but, to date, has not be able to acquire a drilling permit.

Consolidated Abaddon announces it has retained the services of Mr. Allen Cole in May 2008 to serve as a consultant to the Company. Mr. Cole has over 20 years of experience in the mineral exploration and development sector. Mr. Cole has previously held senior management positions including Exploration Manager in Mongolia with Fortress Minerals Corp., and Manager of Corporate Development with Entree Gold Inc.

About Consolidated Abaddon Resources Inc.:

Consolidated Abaddon Resources Inc. is a Canadian uranium exploration company actively involved with the development of uranium properties in the Athabasca Basin of northern Saskatchewan and the Algoma District of northwestern Ontario. Property partners include Denison Mines Corp. and Triex Minerals Corp.

For further information on Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN), visit our Company's web site at


JAMES G. PETTIT, President

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

The TSX Venture Exchange and Frankfurt Stock Exchange have not reviewed and do not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • Consolidated Abaddon Resources Inc.
    James G. Pettit
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    Consolidated Abaddon Resources Inc.
    Don Myers
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)