Aberdene Mines Announces Proposed Private Placement Financing of up to US$12,000,000 and Sponsorship for Toronto Stock Exchange Listing.

LAS VEGAS -- Aberdene Mines Limited (the 'Company' or 'Aberdene') (OTCBB: ABRM) is pleased to announce its entry into the following engagements:

Canadian Offering and Listing on Toronto Stock Exchange 

The Company has signed engagement letters with two Canadian underwriters to act as co-placement agents on a best efforts basis in connection with a proposed syndicated private placement of the Company's securities to non-US residents for gross proceeds of up to US$6,000,000 (the "Canadian Offering"), with an over-allotment option of up to 15% of the number of units offered at closing. The Canadian Offering is expected to consist of up to 10,000,000 units (each a "Unit") at a price of US$0.60 per Unit, with each Unit consisting of one common share and one share purchase warrant exercisable for a period of up to 18 months at a price of $0.90 following the closing of the Canadian Offering. Pursuant to the terms of the engagement letters the agents will receive a cash commission of 8% of the gross proceeds of the sale of the Units issued pursuant to the Canadian Offering and Unit purchase warrants equal to 10% of the Units issued pursuant to the Canadian Offering.

One of the agents has agreed to act as sponsor for the Company's application for a listing on the Toronto Stock Exchange. The engagement letters are subject to each of the parties' satisfactory completion of due diligence and the entry into definitive agreements between the parties. There is no assurance that the proposed Canadian Offering will be completed.

US Offering

The Company has signed an engagement letter with a US investment bank to act as placement agent on a best efforts basis in connection with a proposed private placement of the Company's securities to US residents for gross proceeds of up to US$6,000,000 (the "US Offering"). The US Offering is expected to consist of up to 10,000,000 units (each a "Unit") at a price of US$0.60 per Unit, with each Unit consisting of one common share and one share purchase warrant exercisable for a period of up to 18 months at a price of $0.90 following the closing of the US Offering.

Pursuant to the terms of the engagement letter the US agent will receive a cash commission of 8% of the gross proceeds of the sale of the Units pursuant to the US Offering and Unit purchase warrants equal to 10% of the Units issued pursuant to the US Offering. The engagement letter for the US Offering is subject to each of the parties' satisfactory completion of due diligence. There is no assurance that the proposed US Offering will be completed.

About Aberdene

Aberdene Mines Limited (www.aberdenemines.com) is a mineral exploration and development company. The Company's focus is the development of its New York Canyon Property located in the New York Canyon area, Mineral County, Nevada. The Company has under option the rights to explore both the unpatented and patented mineral claims representing 20,930 acres comprising the New York Canyon Copper Project. The project is regionally located south of the historic mining district of Santa Fe in the southeastern part of Mineral County, Nevada.

On behalf of the Board of Directors,

ABERDENE MINES LIMITED

Brent Jardine, President

Disclaimer: This Press Release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from the Company's expectations, and the Company expressly does not undertake any duty to update forward-looking statements. These factors include, but are not limited to the following, the ability to further develop mineral exploration properties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.