ABEN MINERALS LTD - ABNAF STOCK NEWS

Aben Resources Ltd. (OTC: ABNAF) has confirmed a consolidation of shares, effective February 22, 2023. The adjustment will change the current 10 pre-consolidation shares into 1 post-consolidation share, alongside a new name and stock symbol change to Aben Minerals Ltd. (symbol: ABM). Following this consolidation, the total issued and outstanding shares will be approximately 13,719,734. The transfer agent for the company will be Computershare Investor Services Inc. Aben Resources is a Canadian exploration firm with projects in British Columbia, Ontario, and the Yukon Territory.

Aben Resources Ltd. (OTC: ABNAF) provides a corporate update as 2022 ends, focusing on resource allocation across its diversified mineral assets. The company will concentrate on the Slocan graphite property in 2023, having received a 5-year exploration permit. Aben is poised to drill-test the Tedesco Conductor, identified as a strong conductive anomaly. A correction was made regarding a previous private placement, raising $180,000 instead of $211,500. Aben continues to pursue its exploration projects in British Columbia, Ontario, and Yukon.

Aben Resources Ltd. (OTC: ABNAF) has received a Multi-Year Area-Based mineral exploration permit from the British Columbia Ministry of Energy allowing exploration on the Slocan Graphite Property. This permit, effective for five years until November 15, 2027, enables surface trenching and exploration drilling. The Slocan property hosts significant graphite mineralization potential, especially at the Tedesco Conductor site, identified in a 2010 survey. Aben aims to develop this potential while fostering good relations with local First Nations.

Aben Resources Ltd. (ABNAF) has released analytical results from its July 2022 exploration at the Slocan Graphite Property, identifying promising flake graphite mineralization. Sampling yielded grades up to 4.36% graphitic carbon and extended mineralization over a 2km area. The company has expanded the property to 2826 hectares and submitted a Notice of Work application for drilling. However, the exploration permit's approval is still pending. The Slocan Project benefits from strong infrastructure, including proximity to a graphite processing facility.

Aben Resources Ltd. has entered into an option agreement with Rackla Metals Inc. for the sale of its Hit Property in the Yukon Territory, comprising 24 mineral claims. Under the terms, Rackla can acquire a 100% interest in the Property by making immediate and future cash payments totaling CAD$50,000, issuing 250,000 common shares, and spending CAD$100,000 on qualified expenditures within 12 months. Aben will retain a 0.5% net smelter returns royalty on the Property, while Rackla will assume an existing 2.0% royalty obligation to Sandstorm Gold Ltd.

Aben Resources Ltd. (TSX-V: ABN, OTCQB: ABNAF) has commenced initial fieldwork on its 2,826 hectare Slocan Graphite Project in British Columbia. This phase includes reconnaissance, rock sampling, and site evaluations for potential drilling. The company has secured a drill contractor, pending permit approval. The project, located near critical infrastructure, shows promising flake graphite values, with high organic carbon content found in the Tedesco Zone. Aben has expanded its landholding by staking an additional 439.4 hectares, indicating potential for further mineralization.

Aben Resources Ltd. (OTCQB: ABNAF) provided an update on its gold and graphite projects. The Justin Gold Project, covering 7,400 hectares in Yukon, has an NI 43-101 Technical Report filed, with drilling showing promising gold intercepts of up to 20.8 g/t. The Pringle North Gold Project is advancing despite weather-related delays, and will utilize extensive geological data for future exploration. Meanwhile, the Slocan Graphite Project awaits a permit for exploration, boasting high organic carbon values. Aben has decided to delay exploration at the Forrest Kerr Gold Property for further data analysis.

Aben Resources Ltd. (OTCQB: ABNAF) has submitted a NI 43-101 Technical Report for its fully owned 7400 hectare Justin Gold Project in the Yukon, which has shown promising drilling results with gold intercepts up to 1.19 g/t Au over 60.0 m. The company has also applied for a five-year permit extension for further exploration. Additionally, Aben holds exclusive rights to the Slocan Graphite Project, known for significant graphite values, and continues to prepare for exploration in the Pringle North Property near Red Lake. The Forrest Kerr Property remains prioritized for future analysis.