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ABV Gold Inc. Is Pleased to Announce an Agreement Has Been
ABV Gold Inc. Is Pleased to Announce an Agreement Has Been Signed for the Acquisition of a Major Forestry Project in the Republic of Khakassya, Russia

MONTREAL -- (MARKET WIRE) -- 02/08/08 -- ABV Gold Inc. (PINKSHEETS: ABVG) (FRANKFURT: AB8), a gold and other precious metals mining company, is pleased to announce an agreement has been signed for the acquisition of a major forestry project in the Republic of Khakassya, Russia. The LOI has been signed with Narrow Galaxy Inc.

The project calls for the exploitation of 14 million cubic meters of wood on 175 thousand hectares of woodlands. This figure is calculated by North American standards @ $10 per cubic meter multiplied by the confirmed 14 million cubic meters of wood on the property resulting in an asset value of $140 million USD. Narrow Galaxy Inc.'s concession was signed 17-10-2006, under document number N1124, in the Republic of Khakassya, Russia. The concession is for a period of 49 years.

Narrow Galaxy Inc. is in negotiations to purchase a sawmill operation located in Quebec, Canada. This sawmill facility is being purchased from a major Canadian forestry concern and is slated to be relocated to Khakassya, Russia. This sawmill is presently milling 125,000 MFBM (million board feet ) per year @ an estimated cost of $298.07 per thousand board feet. Narrow Galaxy Inc. estimates the relocated sawmill equipment will mill the same amount of wood at a cost of $101.92 per thousand board feet. The company expects a sale price of $185 per cubic meter in first 24 months of operation based on North American sales price forecasted for 2009 by RISI North American Lumber ( http://www.risiinfo.com/ ). This sale price would result in first year gross revenues of $43 million USD and EBITDA of $27 million USD.

Narrow Galaxy Inc. anticipates having its financing in plan in the next 45 days to carry out its business plan. Narrow Galaxy Inc. and ABV Gold Inc. plan to update the market on a timely basis on issues relating to the sawmill project including management changes, funding, production schedule and export contracts.

"This forestry project was brought to out attention by Narrow Galaxy Inc. when they brought our initial gold deal in Khakassya, Russia," said Daniel Ryan, CEO of ABV Gold Inc." As shareholders will recall, we press released an acquisition of a gold property in Russia on September 24, 2007. Acquiring this project, which lies in close proximity to our gold project, was a natural fit. ABV Gold Inc. will move quickly to spin-out this new project in a new public entity to be called ABV Resources Inc. This new entity will be traded on the pinksheets. This process will begin next week. ABV Resources Inc. will have a separate board, management team and financing arrangements. The plan calls for a one for one dividend of shares in the ABV Resources Inc. for every shareholder of ABV Gold Inc. The company will address a schedule for the spin-out in the coming two weeks."

Furthermore, Mr. Ryan stated, "Shareholders can also expect more management and board of director changes for ABV Gold Inc. The company is in the midst of negotiations on several business ventures. I was brought in to structure a viable business profile for the company and we are close to completion. I think shareholder patience could be rewarded in short order. I will be handing over the reins of the company to the new management group as soon as everything has been finalized. We have gone out of our way to focus on the long term and we expect that real value will finally be realized. The spin-out and re-org of ABV Gold Inc. should be well received by the market once it is completed."

NOTE:

Narrow Galaxy's Russian office is located at Russia Moscow 105 120 St.Segea Rodonazhkogo, Building 6, Unit 12.

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward- looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading

Contact: Daniel Ryan President [e-mail] 1-514-448-2193

Dale Baeten [e-mail] 1-920-418-0153

Last Updated: February 8, 2008 16:27 EST

ABV Gold Inc. Reports on the Closing of the Purchase of a
ABV Gold Inc. Reports on the Closing of the Purchase of a Mining Interest From Red Tarmac Inc.

MONTREAL -- (MARKET WIRE) -- 02/11/08 -- ABV Gold (PINKSHEETS: ABVG) (FRANKFURT: AB8), a gold and other precious metals mining company, is pleased to announce that it has scheduled a closing on February 22, 2008, for the acquisition of a mining interest from Red Tarmac Inc. Representatives of ABV Gold Inc. will be in Europe on that date to close with Red Tarmac Inc. This acquisition was announced as an LOI on January 18, 2008.

"We are pleased that our deal with Red Tarmac Inc. is scheduled to close on time. The working interest of 12% in this mine represents a value of $396 million for ABV Gold Inc. shareholders. The mine has enormous reserves and should prove to be a great long-term investment. The project is going to be a centerpiece for ABV Gold Inc. Shareholders can expect more updates in a timely manner," said Daniel Ryan, CEO of ABV Gold Inc.

Important Information About Forward-Looking Statements

All statements in this news release, that are other than statements of historical facts, are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other events and conditions.

Contacts: Daniel Ryan President [e-mail] 1-514-448-2193

Dale Baeten [e-mail] 1-920-418-0153

Last Updated: February 11, 2008 10:55 EST