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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (41955)8/24/2009 4:05:20 PM
From: LoneClone  Read Replies (1) of 193039
 
Consolidated Abaddon Staking and Evaluating Lithium Prospects
Mon Aug 24, 9:00 AM

ca.news.finance.yahoo.com

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2009) - Consolidated Abaddon Resources Inc. (TSX VENTURE: ABN.V)(FRANKFURT:E2L) announces that it is in the process of staking high potential lithium prospects in North America. The Company is also evaluating existing lithium prospects for possible joint venture or acquisition.

Consolidated Abaddon expects its staking and evaluation of lithium prospects to be completed by the end of August.

The Company has approximately $2 million in its treasury and no debt.

About Consolidated Abaddon Resources Inc.:

Consolidated Abaddon Resources Inc. is a Canadian 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.V), visit our Company's web site at www.consolidatedabaddon.com.

ON BEHALF OF THE BOARD OF DIRECTORS

JAMES G. PETTIT, President

This news release may contain certain "Forward-Looking Statements" that may involve a number of 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. For a more detailed discussion of such risks and other factors, refer to the Company's filings with Canadian Securities regulators available on www.sedar.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.

Contacts

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

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