Aben Resources Increases Private Placement Financing

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

April 16th, 2018

Aben Resources Increases Private Placement Financing

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

(the “Company”) is pleased to announce that due to strong interest, the C ompany is increasing

the previously announced non-brokered private placement (see news release dated April 6 th,

2018) to 6,600,000 units at a price of $0.125 each to raise gross proceeds of up to $ 825,000.

Each unit will consist of one common share and one warrant (each, a “Warrant”) exercisable to

purchase one additional common share at a price of $0.25 each for a period of 3 years from the

date of issuance . The expiry pe riod for the Warrants shall be subject to acceleration if the

average trading price for the Company’s shares stays above $0.50 for 10 consecutive trading

days.

Terms of the Company’s previously announced flow-through non-brokered private placement of

up 8,500,000 flow-through units at a price of $0.18 each to raise gross proceeds of up to

$1,530,000 remains unchanged.

A finder’s fee in the amount of 7% cash and 7% finder's warrants (the "Finder's Warrants") may

be paid in connection with part of the priva te placements with each Finder's Warrant having the

same terms as the unit Warrants. The private placements are subject to TSX Venture Exchange

acceptance.

The Company intends to utilize the proceeds from the private placements for an upcoming 2018

exploration and drilling program at its Forrest Kerr Gold Project located in the Golden Triangle,

British Columbia and for general working capital purposes.

Forrest Kerr Project, Golden Triangle, British Columbia location map:

https://www.abenresources.com/site/assets/files/4287/fk-001.jpg

About Aben Resources:

Aben Resources is a Canadian gold exploration company developing projects in British

Columbia’s Golden Triangle, Saskatchewan and the Yukon.

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

www.abenresources.com.

ABEN RESOURCES LTD.

“Jim Pettit”

____________________________

JAMES G. PETTIT

President & CEO

For further information contact:

Aben Resources Ltd.

Don Myers

Director, Corporate Communications

Telephone: 604-639-3851

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 forward -looking statements. Althoug h

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 materially from those in the fo rward-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 tho se 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.