Word of the Day

Commodity

Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.

What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)

So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.

Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.

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Thursday, July 17, 2008

Consolidated Abaddon Resources Inc.: Triex Minerals Provides Update on Exploration at Mann Lake Uranium Project, Athabasca Basin, Saskatchewan

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Comtex

VANCOUVER, BRITISH COLUMBIA, Jul 17, 2008 (Marketwire via COMTEX) ----Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN) (FRANKFURT:E2L) announces that Triex Minerals Corp. (TSX VENTURE:TXM) today reported that 2,534 metres of drilling in three holes on Consolidated Abaddon's 40% owned / Triex Minerals 60% owned Joint Venture Mann Lake uranium project was finished in April 2008 to complete a program started in November 2007 and that one target on the property remains to be tested. The Mann Lake property is located 25 kilometres southwest of Cameco Corporation's McArthur River uranium mine and 15 km to the NE of Cameco's Millennium (U3O8) discovery in the Athabasca Basin of Northern Saskatchewan.

Athabasca Basin Claims Map:

http://www.consolidatedabaddon.com/i/maps/ABN_Athabasca_Map_11X17.jpg

About Consolidated Abaddon Resources Inc.:

Consolidated Abaddon Resources Inc. is a Canadian uranium exploration company actively involved with the development of uranium properties in the Athabasca Basin of northern Saskatchewan, Sims Basin of western Labrador, and the Algoma District of northwestern Ontario.

Property partners include Denison Mines Corp., and Triex Minerals Corp.

For further information on Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN), visit our Company's web site at www.consolidatedabaddon.com.

ON BEHALF OF THE BOARD OF DIRECTORS

JAMES G. PETTIT, President

SOURCE: Consolidated Abaddon Resources Inc.

Consolidated Abaddon Resources Inc. James G. Pettit
   President (604) 687-3376 or Toll Free: 1-800-567-8181 (604) 687-3119 (FAX) Consolidated Abaddon Resources Inc. Don Myers Director
   (604) 687-3376 or Toll Free: 1-800-567-8181 (604) 687-3119 (FAX) Email: info@consolidatedabaddon.com Website: www.consolidatedabaddon.com

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