Quote:WOODLAND HILLS, Calif., Aug. 27, 2012 /PRNewswire/ -- ABOT Mining (Pink Sheets: ABOT) is pleased to announce that it has entered into a non-binding letter of intent with Rising Star Mining ("Operating/JV Partner") that sets forth the basic terms and conditions of the proposed acquisition of the first 1,000 tons of gold and silver tailings/ore. These tailings/ore are located within 1 to 5 miles radius of Aztlan 8B Project. Operating/JV Partner has several thousand tons of such tailings/ore for sale and processing. This acquisition is subject to, among other things, the negotiation and execution of a legally binding sales and purchase agreement (the "SPA"), approval of the assay reports by ABOT, final agreement with the mill, and approval of the board of directors of ABO. Further details will be announced upon receipt and acceptance of assay reports by ABOT and on entering into a legally binding SPA.