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ABM.V ·

Aben Resources Announces Share Consolidation, Name and Symbol Change

Corporate Actions

Suite 1610 – 777 Dunsmuir Street, Vancouver, BC, V7Y 1K4, CANADA

www.abenresources.com

TSX-V Trading Symbol: ABN

Email: [email protected]

Telephone: (604) 687-3376

Facsimile: (604) 687-3119

NEWS RELEASE

January 27, 2023

Aben Resources Announces Share Consolidation, Name and Symbol Change

Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)

(“Aben” or “the Company”) announces that the Board of Directors have approved a consolidation

of the Company’s common shares on the basis of one (1) post -consolidated share for every ten

(10) pre-consolidated shares (the “Consolidation”).

Currently, the Company has 136,697,345 common shares issued and outstanding. Following the

Consolidation, the Company will have approximately 13,669,734 common shares issued and

outstanding. No fractional shares will be issued but will instead be rounded as provided for in

section 83(1) of the Business Corporations Act (British Columbia).

In conjunction with the Consolidation, the Company will be changing its name to “Aben Minerals

Ltd.”. The Company als o intends to change its trading symbol on the TSX Venture Exchange

(the “TSXV”).

The Company will issue a further news release announcing the effective date in which the

Company will commence trading under the new name, symbol and CUSIP number.

The Consolidation, name and symbol change remain subject to the approval of the TSXV.

About Aben Resources:

Aben Resources is a diversified Canadian gold and graphite exploration company with exploration

projects in British Columbia, Ontario, and the Yukon Territory.

For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s website at

www.abenresources.com.

ABEN RESOURCES LTD.

“Jim Pettit”

______________________

JAMES G. PETTIT

President & CEO

For further information contact:

Aben Resources Ltd.

Riley Trimble, Corporate Communications

Telephone: 604-416-2978

Toll Free: 800-567-8181

Facsimile: 604-687-3119

Email: [email protected]

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.

This release includes certain statements that may be deemed to be "forward -looking statements". All

statements in this release, other than statements of historical facts, that address events or developments

that management of the Company expects, are forwa rd-looking statements. Although management

believes the expectations expressed in such forward -looking statements are based on reasonable

assumptions, such statements are not guarantees of future performance, and actual results or

developments may differ m aterially from those in the forward -looking statements. The Company

undertakes no obligation to update these forward -looking statements if management's beliefs, estimates

or opinions, or other factors, should change. Factors that could cause actual results to differ materially

from those in forward-looking statements, include market prices, exploration and development successes,

continued availability of capital and financing, and general economic, market or business conditions.

Please see the public filings of the Company at www.sedar.com for further information.