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Aben Resources Enters into Agreement with Eagle Plains Resources to Acquire Two Yukon Properties and Northwest Territories Permits

01.02.2011  |  Marketwire

VANCOUVER, BC -- (Marketwire) -- 02/01/11 -- Aben Resources Ltd. (TSX-V: ABN) (FRANKFURT: E2L) (the 'Company')
(formerly Consolidated Abaddon Resources Inc.) is pleased to announce that its
has entered into an Acquisition Agreement with Eagle Plains Resources Ltd. (TSX-
V: EPL) ('Eagle Plains') to acquire a 100% interest in two non-contiguous
mineral exploration properties known as the Hit and Justin (Sprogge) projects,
covering approximately 459 hectares, located in the eastern Yukon Territory (the
'Yukon Claims').


Pursuant to the terms of the Acquisition Agreement, Aben Resources has also
acquired a proprietary database and the right to certain potential prospecting
permits in the Mackenzie Mountain area of the Northwest Territories (the
'Permits'). The Permits are subject to an approval process and, if approved, the
Company will be granted the exclusive right to stake claims in the Permit areas
for up to a period of three years.


Upon receipt of acceptance of the Acquisition Agreement by the TSX Venture
Exchange, Aben Resources will issue a total of 5,000,000 common shares to Eagle
Plains. The Company will also make a cash payment of approximately $150,000 to
reimburse Eagle Plains for the Northwest Territories permitting costs. The
approximately $150,000 will be paid upon receipt of confirmation that the
Permits have been granted and duly registered in the name of Aben Resources.


The Yukon Claims and any property to be acquired by staking in the Permit areas
shall be subject to a three percent (3%) net smelter return royalty ('NSR') in
favour of Eagle Plains. Aben Resources has been granted a right to purchase a
2% NSR at any time prior to commencement of commercial production for the
consideration of $2,000,000 (the 'Buy Down Option').


The Justin (Sprogge) Gold Property


The Justin (Sprogge) gold property is located in east-central Yukon Territory
about 35 kilometres south of the recently re-opened Cantung Mine. The property
consists of 25 claims and is host to numerous styles of intrusive and sediment-
hosted gold mineralization located within three main bulk-tonnage target areas.
The drill-ready property has the potential to host both high-grade and bulk-
tonnage gold mineralization. Historical grab samples from the property reported
up to 59.25 g/t Au, in addition to historical chip samples returning an average
of 2.38 g/t Au over 22.5 metres. Numerous targets on the property remain to be
tested with further exploration planned, including trenching and diamond
drilling.



The Hit Gold Property


The Hit gold property is located in central Yukon Territory, 27 kilometres
north-northeast of MacMillan Pass. The project targets skarn/replacement gold
mineralization associated with Tombstone-Suite intrusives and surrounding
carbonate-rich sediments. Property highlights include intrusive-related gold
mineralization which returned an average of 7.85 g/t Au over 7.0 metres in
trenches.


Jim Pettit, President of Aben Resources, stated: 'Management is very excited
with the recent developments in the Company as Aben has set out to acquire two
highly prospective gold properties in the prolific, mineral-rich Yukon
Territory. In addition, it's a major achievement for the Company to attain the
proprietary Eagle Plains database for the Yukon and Northwest Territories. This
database is one of the most extensive of its kind, and coupled with the
potential NWT permits, will provide Aben with a considerable advantage in its
pursuit of additional viable land positions in the Yukon and NWT.'



The above transactions are subject to the acceptance of the TSX Venture
Exchange.


For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company's
web site at www.abenresources.com. Aben is well funded with $3 million in its
treasury.


ON BEHALF OF THE BOARD OF DIRECTORS
'Jim Pettit'
____________________________
JAMES G. PETTIT
President

For further information contact myself or:
Don Myers
Aben Resources Ltd.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com


Neither 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 release.



--- End of Message ---


Aben Resources Ltd.
Suite 2230 - 885 West Georgia Street Vancouver Canada



Listed: Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.


Source: Aben Resources Ltd. via Thomson Reuters ONE


[HUG#1484495]

Suite 2230, 885 West Georgia Street

Vancouver, BC, V6C 3E8, CANADA
www.abenresources.com

Email: info@abenresources.com



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