|By Marketwired .||
|August 15, 2013 06:00 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/15/13 -- Aben Resources Ltd. (TSX VENTURE:ABN) (PINKSHEETS:ABNAF) (FRANKFURT:E2L) (the "Company") announces that it has amended its Option Agreement to acquire a 100% interest in the VF Gold Project Claims (the "VF Property") (see news release dated March 5, 2012). The VF gold property forms a portion of Aben's 18,300 acres Justin gold project located in the upper Hyland River Gold Belt of Watson Lake Mining District of southeast Yukon Territories.
Justin Gold Project SE Yukon Claims Map: http://www.abenresources.com/i/maps/Justin-Claim-Boundary.jpg
Pursuant to the terms of the amending agreement (the "Amending Agreement"), the remaining cash payments of $120,000 and exploration commitments of $100,000 required over the five year term of the agreement are no longer required. The Company will now issue a total of 1,700,000 common shares to the Vendor upon receipt regulatory acceptance of the Amending Agreement. Upon issuance of the shares to the Vendor, the Company will have earned a 100% interest in the VF Property.
The above transaction is subject to the acceptance of the TSX Venture Exchange.
About Aben Resources:
Aben Resources Ltd. is a Canadian gold, silver, and uranium exploration company developing properties in the Yukon, NWT, and Saskatchewan's Athabasca Basin. The Company's road-accessible Justin gold project boasts a greenfield gold discovery made in 2011.
For further information on Aben Resources Ltd. (TSX VENTURE:ABN), visit our Company's web site at www.abenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
JAMES G. PETTIT, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Aben Resources Ltd.
604-687-3376 or Toll Free: 800-567-8181