Gold Reach Resources to Acquire Abaddon's Interest in Seel Property VANCOUVER, BRITISH COLUMBIA, Jun 5, 2008 (Marketwire via COMTEX News Network) --
Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN)(FRANKFURT:E2L) announces that Gold Reach Resources Ltd. (TSX VENTURE:GRH) will acquire Abaddon's 10% interest in the Seel property located 120 kilometres south of Houston, BC by issuing 1,000,000 Gold Reach Resources' shares to Consolidated Abaddon. This would bring Gold Reach's total interest in the Seel property to 100%. This transaction is subject to the acceptance by the TSX Venture Exchange.
About Consolidated Abaddon Resources Inc.:
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 and the Algoma District of northwestern Ontario. The Company is also developing a uranium property east of Moab, Utah. Property partners include Gold Reach Resources, Denison Mines Corp., Triex Minerals Corp., and Utah Uranium Corp.
For further information on Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN), visit our Company's web site at www.consolidatedabaddon.com.
ON BEHALF OF THE BOARD OF DIRECTORS
JAMES G. PETTIT, President
SOURCE: Consolidated Abaddon Resources Inc.
Consolidated Abaddon Resources Inc.
Don Myers
Director
(604) 687-3376 or Toll Free: 1-800-567-8181
(604) 687-3119 (FAX)
Consolidated Abaddon Resources Inc.
James G. Pettit
President
(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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