Aben Cancels Property Option Agreements
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/25/13 -- Aben Resources Ltd. (TSX VENTURE: ABN) (FRANKFURT: E2L) (OTC PINK: ABNAF) (the "Company") announces that it has cancelled its Property Option Agreement dated March 7, 2011 with 0890763 BC Ltd. wherein Aben had been granted an option to acquire a 100% interest in the Rude Creek Property which consisted of 127 square kilometres located in the Dawson Range of the Yukon Territories.
The Company has also cancelled its Property Option Agreement dated February 15, 2011 with Eagle Plains Resources Ltd. wherein Aben had been granted an option to acquire a 100% interest in the Rusty Springs Property, covering approximately 1100 hectares located in the district of Dawson, Western Yukon.
The Company feels that under the current difficult market conditions further property and option expenditures are not warranted on the properties as Aben intends to focus on its 100% owned Justin Gold Project in the Yukon and its 40% interest in the Mann Lake Uranium Project in the Athabasca Basin of Saskatchewan.
About Aben Resources:
Aben Resources is a Canadian gold and silver exploration company exploring and developing its portfolio of properties in the Yukon and NWT. The Company's road-accessible flagship property, the Justin Gold Project, boasts a new greenfield discovery made in 2011. Aben also holds interest in approximately 40,000 acres of highly prospective ground within the eastern flank of the Athabasca Basin in northern Saskatchewan including a 40% interest in the Mann Lake property located 25 kilometres to the SSW of the McArthur River Mine.
For further information on Aben Resources Ltd. (TSX VENTURE: ABN), visit our Company's web site at www.abenresources.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:
Aben Resources Ltd.
James G. Pettit
President
604-687-3376 OR Toll Free: 800-567-8181
604-687-3119 (FAX)
Aben Resources Ltd.
Jordan Trimble
Corporate Development and Communications
604-687-3376 OR Toll Free: 800-567-8181
604-687-3119 (FAX)
info@abenresources.com
www.abenresources.com
