According to the company, the potential target is a well known Russian Gold and Silver Mining company with significant gold and silver reserves and production. The company will keep the identity of the target confidential until further due-diligence is completed.

The company will now seek to hire an independent appraiser to validate the value and economic viability of the merger.

"We are not surprised at the speed in which TsNIGRI have respondent since the potential target is a well known gold and silver reserve," said Daniel Ryan, President of ABV Gold Inc. "In order to create a win-win situation for both our shareholders and their shareholders, it is imperative we receive an independent appraisal of the property as well as a better understanding of the economic viability of the mine," further added Mr. Ryan.

About ABV Gold

ABV Gold is a publicly traded, junior mining exploration company headquartered in Montreal, Canada. The company pursues the acquisition and development of mining properties known to contain significant mineral assets, principally uranium and or gold. For additional information, please visit the corporate website at www.abvgoldinc.com.