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Aberdeen International Appoints Ryan Ptolemy as New Chief Financial Officer

10/07/2010


TORONTO, ONTARIO -- (MARKET WIRE) -- 10/07/10 -- ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX: AAB) is pleased to announce Ryan Ptolemy has been appointed CFO of the Company effective immediately. Mr. Ptolemy is a certified general accountant and CFA charterholder. Mr. Ptolemy currently serves as CFO to a number of public companies in the mining sector. From August, 2005, to September, 2009, Mr. Ptolemy was at an independent investment dealer in Toronto, most recently serving as CFO, where he was responsible for financial reporting, auditing, budgeting and internal controls. With Aberdeen's second quarter ending October 31, 2010, Mr. Ptolemy will work with Mr. Stephan Theron (Aberdeen's outgoing CFO), Aberdeen's management team and outside advisors to achieve a seamless transition.

David Stein, Aberdeen's President and COO, commented, "We are pleased to announce the appointment of Ryan as CFO and look forward to working with him as we continue to grow the value of our investment portfolio and seek new investment opportunities."

Stephen Theron is stepping aside to focus on his new role as Chief Executive Officer of Forbes & Manhattan Coal (TSX: FMC), which recently completed a successful listing on the TSX. During his time as CFO and Senior Analyst for Aberdeen, Mr. Theron was a critical player in the acquisition and financing of this exciting coal producer in South Africa, which has now become a core position in Aberdeen's resource investment portfolio. Aberdeen wishes to thank Mr. Theron for his contributions to the Company during his time as CFO and congratulate him on his new role.

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/or (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 additional information, please visit our website at www.aberdeeninternational.ca and follow us on Twitter: AberdeenAAB.

Cautionary Note

Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking 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 impact of the appointment on Aberdeen; past success as an indicator of future success; net asset value of the Company; the potential of investee companies and the appreciation of their share price; 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.

Contacts:
Aberdeen International Inc.
Mike McAllister
Manager, Investor Relations
+1 416-309-2134
info@aberdeeninternational.ca

Aberdeen International Inc.
David Stein
President and COO
+1 416-861-5812
dstein@aberdeeninternational.ca
www.aberdeeninternational.ca