Consolidated Abaddon Resources Inc.
TSX VENTURE : ABN
FRANKFURT : E2L

Consolidated Abaddon Resources Inc.

July 09, 2007 09:00 ET

Consolidated Abaddon Resources Inc.: Denison Mines Begins Drilling on Huard-Kirsch Lakes Uranium Project, Athabasca, Saskatchewan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2007) - Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN) (FRANKFURT:E2L) announces that, after a 3 month unforeseen delay on the drill rig arrival, Denison Mines Corp. has informed the Company that a diamond drill program on its Huard-Kirsch Lakes property has started. The Huard-Kirsch Lakes property is located in the eastern Athabasca Basin of northern Saskatchewan and is situated approximately 20 km to the northwest of Cameco's McArthur River Uranium Mine. The Huard-Kirsch Lakes property consists of approximately 13,500 hectares. Denison Mines Corp. has the option to earn a 51% interest in the property from Consolidated Abaddon by incurring $1,500,000 of exploration expenditures on or before November 1, 2008 (see November 2, 2005, news release). Denison Mines is the project operator.

Athabasca Basin, Saskatchewan Claims Map: http://www.consolidatedabaddon.com/i/maps/ABN_Athabasca_Map_11X17.jpg

A total of approximately 1,700 metres of drilling is planned for the Huard-Kirsch Lakes project this summer.

Denison Mines has completed several exploration surveys on the Huard-Kirsch Lakes project to date. Exploration has consisted of grid establishment, boulder geochemistry, airborne and ground geophysics. Denison Mines is preparing to test a broad basement conductor at an interpreted depth of 750 metres below surface. The property is interpreted to be underlain by a conductive meta-sedimentary sequence that has never been drill tested. Interpretations of this data suggest that the anomaly represents a favorable target for exploration for unconformity uranium deposits.

The Company looks forward to a successful 2007 summer drill season on the Huard-Kirsch Lakes uranium project.

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, SIMS BASIN of western Labrador, 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 the Company's web site at www.consolidatedabaddon.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Jim 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 exchnage 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.
    Jim Pettit
    President
    (604) 687-3376 or Toll Free: 1-800-567-8181
    or
    Consolidated Abaddon Resources Inc.
    Don Myers
    Director
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    Email: info@consolidatedabaddon.com
    Website: www.consolidatedabaddon.com