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Toronto, Ontario, January 31, 2008: ABERDEEN INTERNATIONAL INC. (“Aberdeen” or the “Company”) (TSX: AAB) is pleased to announce its intention to make a Normal Course Issuer Bid (“NCIB”) to buy back its common shares through the facilities of the Toronto Stock Exchange (“Exchange”). The NCIB is subject to receipt of Exchange approval.

The maximum number of common shares that may be purchased for cancellation pursuant to the NCIB is that number of common shares that represents 10% of the common shares in the public float on the date that the Exchange approves the NCIB. Based on the 81,888,340 common shares in the public float as at January 31, 2008, the maximum number of shares would be 8,188,834.
Aberdeen notes that the number of its shares in the public float is less than the number of issued and outstanding Aberdeen common shares because the public float number does not include common shares held by Aberdeen insiders. The actual number of common shares that would be purchased, if any, and the timing of such purchases will be determined by Aberdeen considering market conditions, stock prices, its cash position, and other factors.

The Board of Directors of Aberdeen believes that the underlying value of Aberdeen is not reflected in the current market price of its common shares, and may not be so reflected at certain times during the course of the NCIB, and has thus concluded that the repurchase of common shares pursuant to the proposed NCIB presently constitutes an appropriate use of financial resources and would be in the best interest of Aberdeen shareholders.

Purchases under the NCIB are expected to be permitted to commence on or about February 4, 2008 and will terminate on February 3, 2009 or the date upon which the maximum number of common shares have been purchased by Aberdeen pursuant to the NCIB. There can not be any assurance as to how many common shares, if any, will ultimately be acquired by Aberdeen under the NCIB. Aberdeen intends that any shares acquired pursuant to the NCIB will be cancelled.

Any purchases made pursuant to the NCIB will be made in accordance with the rules of the Exchange and will be made at the market price of the common shares at the time of the acquisition. Aberdeen will make no purchases of common shares other than open market purchases that may be made during the period that the NCIB is outstanding.

Closes Sale of Ethiopian Properties
Aberdeen is also pleased to announce that it has completed its previously announced sale of exploration prospects in the North and West regions of Ethiopia to Avion Resources Corp. (“Avion”). As described in its press release of November 28, 2007, in consideration for the sale of the exploration properties, Aberdeen is to receive aggregate payments of $2.0 million and 1.5 million Avion share purchase warrants, which are exercisable at $0.48 per warrant, and has retained a 1.5% net smelter royalty in respect of the properties.

About Aberdeen International Inc:
Aberdeen is a publicly traded global investment and merchant banking company focused on small cap companies in the resource sector. Aberdeen will seek to acquire significant equity participation in pre-IPO and/or early stage public resource companies with undeveloped or undervalued high-quality resources. Aberdeen will focus on companies that: (i) are in need of managerial, technical and financial resources to realize their full potential (ii) are undervalued in foreign capital markets and (iii) operate in jurisdictions with moderate local political risk. Aberdeen will seek to provide value-added managerial and board