ABOT Mining Renegotiates and Reduces its Exploration Expenditure Commitments on Aztlan 8B from $450,000 to $100,000

ABOT Mining (Pink
Sheets: ABOT.pk) is pleased to announce that it has favorably renegotiated its
exploration expenditure commitments on Aztlan 8B (the “Project”) from $450,000
to $100,000 while maintaining its equity interest option at 50% in the Project.
This addendum is made valid as it is included in the original Option Agreement
signed with Rising Star Mining on December 6, 2011. 

 

The reduction of this
contractual capital commitment by almost 78% will reduce our current
liabilities and improve the balance sheet considerably. The Company expects to
deploy its immediate capital in the production and expansion of its recently
announced Silver Tailings Project.    

 

About the Company

ABOT is a US based
mining company engaged in discovering, acquiring, developing, producing, and
marketing precious and semi-precious metal properties and is currently
headquartered in Woodland Hills, California. ABOT plans to create long term
shareholder value by implementing an aggressive exploration program, making new
precious metals discoveries and developing mining properties with long-life and
low cost operation.

 

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Forward-Looking Statement

Any statements made
in this press release which are not historical facts contain certain
forward-looking statements; as such term is defined in the Private Security
Litigation Reform Act of 1995, concerning potential developments affecting the
business, prospects, financial condition and other aspects of the company to
which this release pertains. The actual results of the specific items described
in this release, and the company’s operations generally, may differ materially
from what is projected in such forward-looking statements. Although such
statements are based upon the best judgments of management of the company as of
the date of this release, significant deviations in magnitude, timing and other
factors may result from business risks and uncertainties including, without
limitation, the company’s dependence on third parties, general market and
economic conditions, technical factors, the availability of outside capital,
receipt of revenues and other factors, many of which are beyond the control of
the company. The company disclaims any obligation to update information
contained in any forward-looking statement. This press release shall not be
deemed a general solicitation.

 

Contact:

Imran
Firoz, President

Abot
Mining Co.

ABOT.PK

6303
Owensmouth Avenue | 10th Floor

Woodland
Hills | CA 91367

T: +1
818.302.0100

E: [e-mail]