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Over 20% of U3O8 Shareholders in Favour of Aberdeen’s Alternative Slate of Directors


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Toronto, Ontario, June 23, 2008: ABERDEEN INTERNATIONAL INC. (“Aberdeen” or the “Company”) (TSX: AAB) is a current shareholder of U308 Corp. (“U308”) holding 2,300,600 common shares, representing approximately 9.98% of the outstanding common shares, of U308. Aberdeen feels that the Board of Directors of U308 has not maximized shareholder value and, as such, Aberdeen has decided to propose the election of an alternative slate of directors (the “Alternative Slate”) for the upcoming Annual and Special General Meeting of U308 on June 26, 2008 (the “Meeting”). Aberdeen has filed a dissident’s information circular (the “Aberdeen Circular”) with securities regulatory authorities. A copy of the Aberdeen Circular is available on Aberdeen’s web site at www.aberdeeninternational.ca and also at www.sedar.com.

Aberdeen has been successful to date in receiving shareholder support for our alternative slate of directors. Aberdeen has requested and met all conditions under the Ontario Business Corporations Act (“OBCA”) to receive the complete shareholders list from U308 Corp including the Non-Objecting Beneficial Owner ( “NOBO”) list.

Despite not having the NOBO list and having only received at 6pm on Friday June 20th the list of the 12 registered shareholders from U308, Aberdeen has received, or has been notified that Equity Transfer will receive, proxies in support of our Alternative Slate representing in excess of 20% of the issued and outstanding shares of U308.

We are not surprised that many shareholders share our frustration and dissatisfaction with the current Board of Directors. Further, a number of institutional shareholders have contacted us expressing their confidence in our Alternative Slate.

Aberdeen encourages shareholders to contact Aberdeen to assist in completing the Aberdeen form of dissident proxy.

Should you hold your stock through a broker, please contact your broker for instructions regarding the completion and timely delivery of the dissident proxy. Aberdeen would encourage shareholders to provide their completed dissident proxies to Aberdeen on or before 12:00 noon. on June 24, 2008 in order to allow Aberdeen to deliver such dissident proxies to U308’s transfer agent prior to the deadline of 4:30 p.m. on June 24, 2008.

Proxy Hotline: Jenn Wagner 416-861-2269

Aberdeen is a publicly traded global investment and merchant banking company focused on small cap companies in the resource sector. Aberdeen seeks to acquire significant equity participation in pre-IPO and/or early stage public resource companies with undeveloped or undervalued high-quality resources. Aberdeen focuses 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 advisory services to companies. The Corporation’s intention will be to optimize the return on its investment over an 18 to 24 month investment time frame.

For further information please contact

George Faught Stan Bharti Scott Moore
President and CEO Executive Chairman VP, Corp Dev.
Tel: (416) - 861 – 5887 Tel: (416) - 861-5876 Tel: (416)861-5903

Cautionary Notes

Except for statements of historical fact contained herein, the information in this press release constitutes “forwardlooking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding the future shareholdings of the Company, the future intentions of the Company with regard to its shareholdings; the Company’s plan of business operations; and anticipated returns. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise. This communication does not constitute an offer to purchase or exchange or the solicitation of an offer to sell or exchange any securities of U3O8 in the United States, nor shall there be any sale or exchange of securities in any jurisdiction (including the United States) in which such offer, solicitation or sale or exchange would be unlawful prior to the registration or qualification under the laws of such jurisdiction. The distribution of this communication may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. No offering of securities shall be made in the United States except (i) by means of a prospectus meeting the requirements of Section 10 of the United States Securities Act of 1933, as amended, which would contain detailed information regarding U3O8 and its management, as well as its financial statements, or (ii) pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended.