Gold Reach Resources to Acquire Abaddon's Interest in Seel Property

Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN)(FRANKFURT:E2L) announces
that Gold Reach Resources Ltd. (TSX VENTURE:GRH) will acquire Abaddon's 10%
interest in the Seel property located 120 kilometres south of Houston, BC by
issuing 1,000,000 Gold Reach Resources' shares to Consolidated Abaddon. This
would bring Gold Reach's total interest in the Seel property to 100%. This
transaction is subject to the acceptance by the TSX Venture Exchange.


About Consolidated Abaddon Resources Inc.:

Consolidated Abaddon Resources Inc. is a Canadian uranium exploration company
actively involved with the development of uranium properties in the Athabasca
Basin of northern Saskatchewan and the Algoma District of northwestern Ontario.
The Company is also developing a uranium property east of Moab, Utah. Property
partners include Gold Reach Resources, Denison Mines Corp., Triex Minerals
Corp., and Utah Uranium Corp.


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


ON BEHALF OF THE BOARD OF DIRECTORS

JAMES G. PETTIT, President