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ABE Resources and IMX Resources Form JV on St. Stephen Project

ABE Resources Inc. (ABE.V) formerly Abitex Resources Inc., today announced that IMX Resources of Perth, Australia has exercised its right to acquire a 50% interest in the St. Stephen nickel-copper project. In consideration for acquiring its interest in the St. Stephen Project, IMX paid ABE a final installment of C$30,000 and issued 148,000 IMX shares to ABE.

As part of IMX Resources' acquisition of Continental Nickel Limited in September 2012, IMX acquired CNI's interest in the St. Stephen Project. The St. Stephen Project consists of two claim blocks totalling 42.9km2 covering 70% of the St. Stephen Intrusion which hosts sixteen historic magmatic Ni-Cu-Co sulphide prospects including a number of individual deposits.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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