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Abitibi Royalties Reports Increased Resource Estimates at Malartic CHL Property and 2% NSR Claim, Quebec

Abitibi Royalties Inc. (RZZ.V)has received the year-end 2012 gold reserve and resource estimate completed by Osisko Mining Corporation (OSK.TO) in respect of the company's interests in the Malartic CHL property and the claim in respect of which Abitibi holds a 2% net smelter return royalty.

The Malartic CHL property is the object of a joint venture with Osisko in which Abitibi holds a 30% free carried interest; it hosts the Mammoth/Barnat, and Jeffrey zones.

Abitibi has commissioned Micon International Limited of Toronto, Ontario to audit the year-end 2012 gold reserve and resource estimate completed by Osisko with respect to the Mammoth/Barnat, and Jeffrey zones only; and (ii) prepare a corresponding NI 43-101 compliant technical report with respect to same.

Osisko is up 12 cents (2.11%) to $5.80.

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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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