ABV Gold, Inc. Reports on Progress

"ABV Gold, Inc. is pleased to report that we have made somebig steps inrestructuring the company this week," announced Daniel Ryan,President ofABV Gold, Inc. "The paperwork at the transfer agency hasbeen finalized.This allows us to initiate the retirement of the 132 millioncommonshares announced in our August 14th, 2007 press release.We were unable tocomplete the retirement transaction until the T/A paperworkwascompleted. Now that we are done we will be speaking to counseltomorrow tomove this share retirement forward. A share retirement isthe cornerstoneof our plan to maximize shareholder value. Our shareholderscan expectfurther updates in this week's conference call."

Furthermore, Mr. Ryan added, "It tied us up considerablyto have the T/Aprocess delayed for such an extensive period of time. Wecan now proceedwith closing some of our previously announced acquisitionsas well as apending acquisition. Our team has been very active in identifyingnewprojects which will bring added value to ABV Gold, Inc.shareholders. Asannounced in the last conference call we were searchingfor a marqueeproject for the company. If everything goes as planned weexpect to beable to release acquisition news next week. The closingofthis acquisition will be done in conjunction with a plannedfinancing via apreferred share offering."

About ABV Gold

ABV Gold is a publicly traded, junior mining-explorationcompanyheadquartered in Montreal, Canada. The company pursues theacquisition anddevelopment of mining properties known to contain significantmineralassets, principally uranium and or gold. For additionalinformation, pleasevisit the corporate website at .