July 15, 2008
NEWS RELEASE
Consolidated Abaddon Begins
Exploration Program on
Pukaskwa Uranium Claims in NW Ontario
Vancouver, BC - Consolidated
Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) is pleased to announce
the commencement of a summer field program on the Pukaskwa uranium claims in Northwestern
Ontario. The Pukaskwa uranium claims are located in the White
River area to the Northwest of Elliot Lake and North of Cameco's Blind
River uranium
operation. The claims consist of 4 claim blocks totalling approximately
100,000 acres.
Location Map of Pukaskwa Uranium
Claims:
http://www.consolidatedabaddon.com/i/maps/ABN-Pukaskwa-Area.jpg
The claim areas were staked based
on the results of Airborne Gamma Ray and a lake sediment sampling survey that
clearly identified 4 strong uranium anomalies.
Airborne Gamma Ray & Uranium
in Lake Sediment
Survey Map:
http://www.consolidatedabaddon.com/i/maps/ABN-Pukaskwa-airborne.jpg
Consolidated Abaddon feels the
claims demonstrate the potential for a major structural flexure marked by a
magnetic signature that correlates well with the uranium anomalies. The
area is underlain by late Archean intrusive rocks, and felsic volcanics and
sedimentary rocks of probable Proterazoic age which correlates well to a
possible large intrusion related uranium deposit amenable to open pit
mining. The Company is proposing an extensive exploration program to
prove up the geology and resource potential of the area.
In other news, Consolidated
Abaddon announces that Triex Minerals Corp. has earned a 60% interest in the
Company's Mann Lake
uranium property and Denison Mines Corp. has earned a 51% interest in the
Company's Huard-Kircsh
Lakes uranium property.
The Mann Lake
and Huard-Kircsh Lakes
properties are located to the southwest and northwest, respectively, of
Cameco Corp.'s operating McArthur
River uranium mine in the
Athabasca Basin of Northern Saskatchewan. Consolidated Abaddon anticipates
work to progress in the 2008 / 09 winter season for both joint
ventures.
The Company also announces that it
will be terminating its option agreement with Utah Uranium Corp. on the Pinto
and Wild claims. Consolidated Abaddon drilled 10 holes on the Pinto
claims with no significant results and moved its focus to the Wild claims
but, to date, has not be able to acquire a drilling permit.
Consolidated Abaddon announces it
has retained the services of Mr. Allen Cole in May 2008 to serve as a
consultant to the Company. Mr. Cole has over 20 years of experience in the
mineral exploration and development sector. Mr. Cole has previously held
senior management positions including Exploration Manager in Mongolia
with Fortress Minerals Corp., and Manager of Corporate Development with
Entr?e Gold Inc.
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.
Property partners include Denison Mines Corp. and Triex Minerals Corp.
For
further information on Consolidated
Abaddon Resources Inc. (TSX-V: ABN), visit our Company's web
site at www.consolidatedabaddon.com.
ON
BEHALF OF THE BOARD OF DIRECTORS
"Jim
Pettit"
____________________________
JAMES
G. PETTIT
President
Issued and Outstanding
44.2 million shares
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