Abitibi Royalties Malartic CHL Joint Venture Project Summary: 2012 Drill Results

VAL-D'OR, QUÉBEC -- (Marketwired - May 6, 2013) - Abitibi Royalties Inc. (TSX VENTURE:RZZ) (the "Company" or "Abitibi Royalties") is pleased to report on exploration and development activities completed by project operator, Osisko Mining Corporation ("Osisko") during 2012 on the Malartic CHL Prospect joint venture property (the "Property"). Drilling summary and statistics exclude the single "NSR-claim" covering the Charlie Zone and part of the Gouldie Zone both situated southeast of the Canadian Malartic deposit. The information herein with respect to the 2012 Drill Program and the 2012 drill holes and targets tested on the Property has been provided to Abitibi Royalties by Osisko.


2012 Drill Program on Malartic CHL Project:

In 2012, joint venture partner Osisko drilled thirty-one (31) new drillholes in addition to two (2) drillhole extensions, totalling 5,660.2 metres on the Property. Please refer to Table 1 at the end of this news release for the complete list of drillhole information and targets tested and Figures 1 and 2 for the drillhole locations.

A total of six (6) separate targets were tested during the 2012 drill program. Total metres drilled amounted to 5660.2 metres, as follows:

- Mammoth Ext. Area: 14 ddh's, 2,699-metres
- Jeffrey Zone (HAL) Area: 7 ddh's & 2 ddh extensions, 954.2-metres
- GEO Target Area: 4 ddh's, 663-metres
- North GEO Target Area: 3 ddh's, 675-metres
- Eastern CHL target: 1 ddh, 246-metres
- Cadillac Sediments area; 2 ddh's, 423-metres

Assay results for the individual zones tested in the 2012 drill program will follow in a series of separate news releases over the coming weeks.

Furthermore, since the grant of the option to Osisko, Osisko has devoted considerable efforts and project expenditures to the Property. Drilling statistics and property assessment work credits, as extracted from Osisko's two public domain assessment report filings, namely: (i) Technical Report on the 2007 - 2009 Diamond Drilling Program, Malartic CHL, Property Malartic, Québec, Kiddie, 2011; and (ii) Rapport technique - Rapport des campagnes de forages 2010-2011 et 2012 sur la propriété CHL, are summarized below:

- From May 2007 to December 2009: 155 diamond drillholes for a total of 36,530m completed with a value of $3,972,403 in assessment work expenses filed; and

- From January 2010 to April 2012: 203 diamond diamond drillholes for a total of 39,574m with a value of $3,974,864 in assessment work expense filed.


Mineral Reserves & Resources:

For the latest details on the mineral resource update and mineral reserve estimate for Abitibi Royalties' two mineralized zones (Jeffrey and Mammoth/Barnat) located on the Property, and the 2% net smelter return royalty on the claim hosting part of the Gouldie zone, please refer to the Company's March 6, 2013 and April 19, 2013 news releases. Please refer to Figure 3 herein for the details on the Reserves and Resources contained in the various zones. Additional details can also be retrieved from the technical report entitled: "A Mineral Resource Update And Mineral Reserve Estimate For Abitibi Royalties Inc.'s Malartic CHL Property Joint-Venture", dated April 17, 2013 by accessing Abitibi Royalties' issuer profile at www.sedar.com.


Brief History of the Malartic CHL Prospect and the Joint Venture Formation:

The claims comprising the Property were originally staked by Golden Valley Mines Ltd. ("Golden Valley", please refer to news release dated January 31, 2006), followed by the grant of an option to Osisko (please refer to news release dated February 3, 2006). The general terms of the option were the following: Osisko had the right to acquire a 70% interest in the Property in consideration for $150,000 in cash payments over a four year period and by completing a minimum $2,000,000 in exploration expenditures over a four year period. Osisko is the operator during both the option and joint venture phases. The agreement further provided that upon Osisko earning a 70% interest in the Property, Golden Valley would retain a 30% free-carried interest therein to production.

The agreement and the option were later assigned to Abitibi Royalties in contemplation of the completion of an arrangement between Golden Valley, the Company, and two other of Golden Valley's subsidiaries. Osisko has exercised the option to acquire a 70% interest in the Property and a joint venture is currently in effect thereon. Abitibi Royalties owns a 30% free-carried interest in the Property.

Glenn J. Mullan, Chief Executive Officer of Abitibi Royalties, is the Qualified Person (as such term is defined in National Instrument 43-101 - Standards of Mineral Disclosure) who has reviewed this news release and is responsible for the technical information reported herein.


Table 1: List of 2012 Drillholes and Targets Tested

DDH No.   Section   Easting   Northing   Azimuth   Dip Length (m)  TARGET
CHL12-2450 	6450E 	716450 	5334741 	2 	-45 	114 	Mammoth Ext. Area
CHL12-2451 	6450E 	716450 	5334741 	182 	-63 	201 	Mammoth Ext. Area
CHL12-2462 	6500E 	716500 	5334542 	182 	-45 	240 	Mammoth Ext. Area
CHL12-2460 	6500E 	716500 	5334643 	182 	-45 	150 	Mammoth Ext. Area
CHL12-2452 	6500E 	716500 	5334729 	182 	-62 	222 	Mammoth Ext. Area
CHL12-2453 	6500E 	716500 	5334729 	182 	-71 	282 	Mammoth Ext. Area
CHL12-2459 	6525E 	716525 	5334625 	182 	-45 	141 	Mammoth Ext. Area
CHL12-2458 	6525E 	716525 	5334660 	2 	-45 	195 	Mammoth Ext. Area
CHL12-2461 	6550E 	716550 	5334563 	182 	-45 	126 	Mammoth Ext. Area
CHL12-2454 	6550E 	716550 	5334670 	2 	-45 	177 	Mammoth Ext. Area
CHL12-2455 	6550E 	716550 	5334670 	182 	-70 	261 	Mammoth Ext. Area
CHL12-2426 	6575E 	716575 	5334717 	182 	-71 	263 	Mammoth Ext. Area
CHL12-2457 	6625E 	716625 	5334598 	182 	-48 	141 	Mammoth Ext. Area
CHL12-2456 	6625E 	716625 	5334657 	182 	-50 	186 	Mammoth Ext. Area
CHL12-2443 	7250E 	717250 	5334487 	182 	-45 	105 	Jeffrey Zone (HAL)
CHL12-2444 	7275E 	717275 	5334474 	182 	-45 	102 	Jeffrey Zone (HAL)
CHL12-2445 	7300E 	717300 	5334470 	182 	-45 	225.2 	Jeffrey Zone (HAL)
CHL12-2446 	7325E 	717325 	5334477 	182 	-45 	102 	Jeffrey Zone (HAL)
CHL12-2447 	7325E 	717325 	5334477 	182 	-64 	111 	Jeffrey Zone (HAL)
CHL12-2448 	7350E 	717350 	5334462 	182 	-57 	102 	Jeffrey Zone (HAL)
CHL12-2449 	7350E 	717350 	5334490 	182 	-57 	102 	Jeffrey Zone (Ext targeting HAL)
CHL10-2266 	7350E 	717350 	5334546 	182 	-45 	66 	Jeffrey Zone (Ext targeting HAL)
CHL10-2259 	7375E 	717375 	5334546 	182 	-45 	39 	Jeffrey Zone (Ext targeting HAL)
CHL12-2433 	N/A 	717350 	5334449 	189 	-49 	123 	GEO Target
CHL12-2415 	N/A 	717760 	5334704 	189 	-45 	246 	North GEO Target
CHL12-2432 	N/A 	717795 	5334578 	9 	-45 	195 	North GEO Target
CHL12-2434 	N/A 	717825 	5334440 	189 	-49 	120 	GEO Target
CHL12-2416 	N/A 	717840 	5334514 	9 	-45 	234 	North GEO
CHL12-2417 	N/A 	717840 	5334514 	189 	-45 	204 	GEO Target
CHL12-2418 	N/A 	717946 	5334475 	189 	-45 	216 	GEO Target
CHL12-2414 	N/A 	718888 	5334530 	194 	-46 	246 	Eastern CHL (never drilled area)
CHL12-2431 	N/A 	719010 	5334732 	29 	-45 	285 	Cadillac Sediments
CHL12-2402 	N/A 	717370 	5335245 	182 	-45 	138 	Cadillac Sediments

About Abitibi Royalties Inc.:

Abitibi Royalties holds 100% title to the Luc Bourdon and Bourdon West Prospects (also known as the McFaulds Lake Property) in Ontario and a 30% free-carried interest on the Malartic CHL Property near Val-d'Or, Quebec which is the object of a joint venture with Osisko Mining Corp. ("Osisko"). In addition, the Company holds a 2% net smelter royalty interest in one additional claim held by Osisko, and may acquire and generate other property and royalty interests.


Forward Looking Statements:

This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Figures 1, 2 and 3 (Project Malartic CHL prospect) are available at the following address:
http://media3.marketwire.com/docs/RZZ_2013-05-06_Project-Summary_FIG-01_02_03EN.pdf

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.



Contact

Abitibi Royalties Inc.
Glenn J. Mullan, President
819-824-2808, x 204
glenn.mullan@goldenvalleymines.com