Vancouver, BC - Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) announces that pursuant to its stock option plan, the Company has granted incentive stock options to its various directors, officers, consultants, management, and Company employees to purchase up to an aggregate of 580,000 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $0.23 per share. The Company's 10% rolling stock option plan was approved by the shareholders at the Annual and Special General Meeting of the Company held on January 11, 2007. These options are subject to a four-month hold period.
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, Sims Basin of western Labrador, and the Algoma District of northwestern Ontario. The Company is also developing a uranium property east of Moab, Utah.
Property partners include Denison Mines Corp., Triex Minerals Corp., and Utah Uranium Corp.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit"
____________________________
JAMES G. PETTIT
President
For further information contact myself or:
Don Myers
Consolidated Abaddon Resources Inc.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@consolidatedabaddon.com
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