Consolidated Abaddon Closes Non-Brokered Private Placement

Suite 2230, 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA www.consolidatedabaddon.com

Trading Symbol (TSX-V: ABN), (Frankfurt: E2L) Telephone: (604) 687-3376 Email: [email protected] Facsimile : (604) 687-3119

NEWS RELEASE

January 18, 2010

Consolidated Abaddon Closes Non-Brokered Private Placement

Vancouver, BC - Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) (the “Company”) announces that, further to its news release dated December 23, 2009, it has closed its non-brokered private placement and issued 4,000,000 units at a price of $0.05 per unit to raise gross proceeds of up to $200,000. Each unit consists of one common share and one non-transferable share purchase warrant which entitles the holder to purchase one additional common share of the Company at a price of $0.10 until January 14, 2012.

The common shares comprising the units and any shares acquired on exercise of the warrants forming part of the units will be subject to a four month restriction on re-sale expiring on May 15, 2010.

The funds raised will be applied to general working capital.

About Consolidated Abaddon Resources Inc.:

Consolidated Abaddon Resources Inc. is a Canadian exploration company actively involved with the development of rare earth, lithium and uranium properties in northwestern Ontario and in the Athabasca Basin of northern Saskatchewan.

For further information on Consolidated Abaddon Resources Inc. (TSX-V: ABN), visit our Company’s web site at www.consolidatedabaddon.com.

ON BEHALF OF THE BOARD OF DIRECTORS

“Jim Pettit”

____________________________ JAMES G. PETTIT President

For further information contact myself or:

Don Myers Consolidated Abaddon Resources Inc.

Director Telephone: 604-687-3376 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: [email protected] NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.