Consolidated Abaddon Closes Non-Brokered Flow-Through PrivatePlacement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 15,2010) - Consolidated Abaddon Resources Inc. (TSXVENTURE:ABN) (FWB:E2L) announces that, further to its newsrelease dated November 9, 2010, it has closed its non-brokeredflow-through private placement and issued 5,000,000 flow-through unitsat a price of
.10 per unit to raise gross proceeds of up to$500,000. Each flow-through unit consists of one flow-though commonshare and one non-transferable share purchase warrant which entitles theholder to purchase one additional flow-through common share of theCompany at a price of
.12 per share until December 9, 2013.

The common shares comprising the units and any sharesacquired on exercise of the warrants forming part of the units will besubject to a four month restriction on re-sale expiring on April 10,2011.

Consolidated Abaddon is a Canadian exploration companyinvolved with the development of uranium and lithium properties in theAthabasca Basin of northern Saskatchewan, and in northwestern Ontario.