Aben Resources Operator Eagle Plain’s Suspends Drilling Program at the Chico Gold Project, Saskatchewan
Suite 1610 – 777 Dunsmuir Street, Vancouver, BC, CANADA, V7Y 1K4
www.abenresources.com
TSX-V Trading Symbol: ABN
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
NEWS RELEASE
March 23, 2018
Aben Resources Operator Eagle Plain’s Suspends Drilling Program
at the Chico Gold Project, Saskatchewan
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2)
(“the Company” or “Aben”) announces the suspension of the planned and permitted Chico drill
program in Saskatchewan as a result of a request by the citizens of the community of Pelican
Narrows and members of the Peter Ballantyne Cree Nation (“PBCN”). Details of the intended
program were previously announced in a News Release dated March 1st, 2018.
Eagle Plains Resources Ltd. (TSX -V: EPL), as optionor and project operator, informed Aben
of this reque st after a March 21 , 2018 community meeting was convened in Pelican Narrows,
attended by local stakeholders and Eagle Plains management. Following the meeting a decision
was made by Aben and Eagle Plains to suspend the program. Aben may revisit plans to explore
the property in the future, following meaningful consultation with the community and PBCN
members. Government permits to undertake the proposed drilling program were issued on Feb.
28, 2018 by the Saskatchewan Ministry of Energy.
Aben holds the exc lusive right to earn an undivided 80 -per-cent interest in the property by
completing $3.5 -million in exploration expenditures, issuing 2.5 million shares and making
$150,000 in cash paym ents to Eagle Plains by 2020. Aben recently made a cash payment of
$25,000 and issued 250,000 common shares to Eagle Plains, pursuant to the terms of the
current option agreement.
Aben Resources looks forward to the upcoming exploration season at the Forrest Kerr Gold
Project in B.C.’s Golden Triangle after a successful drilling program there last year.
About Aben Resources:
Aben Resources is a Canadian gold exploration company developing gold-focused projects in
British Columbia, Saskatchewan and the Yukon Territory. Aben is a well -funded junior
exploration company with approximately 62.7 million shares issued and outstanding. 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 myself or:
Don Myers
Aben Resources Ltd.
Director, Investor Relations
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. 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 materially 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.