Vancouver, BC - CONSOLIDATED ABADDON RESOURCES INC. (TSX.V: ABN) (the "Company") announces that pursuant to its stock option plan, the Company has granted incentive stock options to its various directors, officers and consultants to purchase up to an aggregate of 856,300 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $0.49 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, 2006. These options are subject to a four-month hold period.
Consolidated Abaddon Resources Inc. is a Canadian uranium and gold exploration company actively involved with the development of uranium properties in the ATHABASCA BASIN of northern Saskatchewan and the SIMS BASIN of northwestern Labrador. The Company is also developing a gold property in the RED LAKE MINING DISTRICT of northwestern Ontario.
ON BEHALF OF THE BOARD OF DIRECTORS
JAMES G. PETTIT
For further information contact myself or:
Consolidated Abaddon Resources Inc.
Toll Free: 800-567-8181
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