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Aberdeen Reports Shareholders' Equity of $1.57 Per Share as at January 31, 2011 and Annual Financial Results


TORONTO, ONTARIO -- (MARKET WIRE) -- 04/14/11 -- ABERDEEN INTERNATIONAL INC. ("Aberdeen", or the "Company") (TSX: AAB) is pleased to announce that it has released its financial results for the fiscal year ended January 31, 2011. For more information please see the Company's annual financial statements and Management's Discussion and Analysis ("MD&A") posted on SEDAR at www.sedar.com.

As at January 31, 2011, Aberdeen's Shareholders' Equity (or Net Asset Value, "NAV") was $136.3 million, or $1.57 per share. Aberdeen's shareholders' equity increased by $20.8 million from $115.5 million at the end of Q3 2011. The increase in shareholders' equity was due largely to exceptional performance of Aberdeen's investment portfolio in the fourth quarter, which increased in value by 41.1% to $104.8 million. The Company enjoyed very good market performance for small capitalization mining and resource stocks which make of the bulk of its investment portfolio. In addition several holdings enjoyed exceptional company-specific gains during the year, in particular, Sulliden Gold Corporation Ltd. (TSX: SUE), Avion Gold Corporation (TSX: AVR), Belo Sun Mining Corp. (TSX VENTURE: BSX), Allana Potash Corp. (TSX VENTURE: AAA) and Forbes & Manhattan Coal Corp. (TSX: FMC). On a year-over-year basis, Aberdeen's shareholders' equity increased by $33.1 million or 32.1%. Note that the reference to shareholders' equity is similar to previous references to Net Asset Value or "NAV" by Aberdeen.

Aberdeen International Inc. - Investment Portfolio

                        January 31, 2011  October 31, 2010  January 31, 2010

Shares outstanding            86,677,339        86,897,339        87,503,839

                                      $/                $/                $/
                                $ Shares          $ Shares          $ Shares

Cash on hand (incl.
 o/s settlement)       14,049,856   0.16  4,968,479   0.06  3,266,356   0.04
  Publicly traded      71,157,521   0.82 51,372,947   0.59 38,427,497   0.44
  Private              18,579,608   0.21 14,196,210   0.16  6,934,527   0.08
    Intrinsic value    13,060,800   0.15  5,663,786   0.07  6,147,000   0.07
    Option value        2,011,811   0.02  3,560,178   0.04  4,718,535   0.05

                       15,072,612   0.17  9,223,964   0.11 10,865,535   0.12
 Investments          104,809,740   1.21 74,793,121   0.86 56,227,559   0.64

Equity accounted
 investment                     -      -          -      -          -      -

Loans receivable/
 Corporate Debt         7,023,452  0.08  7,297,293   0.08  8,246,565    0.09

Total                 125,883,048   1.45 87,058,893   1.00 68,540,480   0.78

Aberdeen reported net earnings of $34.8 million or $0.40 per share for the year ended January 31, 2011 from total revenue of $58.6 million ($60.9 million from net investment gains, $2.0 million from royalties, $1.3 million from interest, advisory and other income offset by provision on loans receivable and write down of royalty interest of $5.6 million). For the twelve months ending January 31, 2010, Aberdeen reported net earnings of $21.6 million or $0.24 per share from total revenue of $35.8 million ($34.0 million from net investment gains, $1.9 million from royalties, $1.2 million from interest, advisory and other income offset by provisions of loans receivable of $1.3 million).

Aberdeen received royalty revenue of $2,009,725 from 156,690 ounces of gold sold at Simmer & Jack's Buffelsfontein Mine and First Uranium's Mine Waste Solutions Tailings Recovery Operations during the year ending January 31, 2011, compared to $1,846,701 in the previous year.

Normal Course Issuer Bid

During the year ending January 31, 2011, 1,316,500 common shares were purchased for cancellation at an average cost of $0.51. As of the time that Aberdeen's annual financial statements were prepared, Aberdeen had commenced another Normal Course Issuer Bid ("NCIB") that will expire on February 8, 2012. Since the end of fiscal 2011, an additional 712,700 common shares have been purchased for cancellation at an average cost of $0.90. Aberdeen expects to continue to purchase shares over the remainder of the fiscal year, depending on market conditions and other investment opportunities that may be available.

Simmer & Jack Loan Agreement - Update

On Feb. 16, 2009, shareholders of Simmer & Jack voted against the conversion to equity of the loan facility thereby granting Aberdeen a 1% life of mine NSR on all the northwest assets of the Buffels gold mines. Aberdeen has received and continues to receive the 1% royalty from both Simmer & Jack and First Uranium for the Buffels underground operation and the Mine Waste Solutions project, located in South Africa.

During fiscal 2010, Aberdeen filed a statement of claim against Simmer & Jack and against First Uranium seeking payment of the outstanding graduated royalty from Oct. 16, 2008, to Dec. 31 2008. Although a trial date was originally set for November 18, 2010 it has been postponed until October 22, 2011. The claim also included repayment of the unpaid loan principal for USD$10 million for a total of USD$11.4 million in claimed damages.


We are pleased with our results from the 2011 fiscal year, which demonstrate on a one and two year comparative basis that our business model of active investment in junior resource companies generates exceptional returns. While our performance in calendar 2009 (fiscal 2010) was largely due to the excellent performance of our gold holdings, this past year our performance was much more balanced, derived from a broad spectrum of holdings, including our gold, agricultural minerals, iron ore holdings and others. As with 2009, we enjoyed very good returns from private holdings that listed publicly during the year including Aguia Resources Ltd. and Forbes & Manhattan Coal Corp.

Looking ahead at Aberdeen's fiscal 2012, management continues to see excellent opportunities for growth and exceptional investment returns. Based on the market performance of the first few months of the year, the Company believes that this year may be more challenging than fiscal 2010. While commodity prices remain very strong and the longer-term fundamentals remain bullish, equity markets have become more risk-averse and more selective. This provides an even better environment for Aberdeen to differentiate itself from its peers. Aberdeen may potentially generate good returns in a flat market environment through its investments in private resource companies which may complete going public transactions and through the operational results from holdings where performance shares are attached. For example, since the end of fiscal 2011, Aberdeen's holding Black Iron Inc. has been listed upon completion of an initial public offering in March 2011 on the TSX. Despite adding to its position in the IPO, Aberdeen still enjoys a cost base of $0.57 compared to a market price of $1.35 (closing price April 11, 2011) on holdings of 5.429 million shares. Aberdeen expects to see several of its private holdings seek public listings in 2011. Management believes such public listings will help augment returns of the overall portfolio.

In addition to expecting excellent performance from our holdings this year, we have initiated a dividend for the first time in our Company's history - a significant milestone for Aberdeen. We anticipate that the combination of dividends to shareholders, our Normal Course Issuer Bid, demonstrating excellent investment returns and enhanced investor relations efforts should help Aberdeen close the gap between the value of its holdings and its share price.

Q1 2012 Portfolio Update and Conference Call

Aberdeen expects to report its portfolio update for Q1 2012 during the week of May 16, 2011, and is planning to hold a conference call later that week to discuss its results and address questions and comments from shareholders.

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 a 24 to 36 month investment time frame.

For additional information, please visit our website at www.aberdeeninternational.ca and follow us on Twitter: http://twitter.com/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.

Aberdeen International Inc.
Mike McAllister
Manager, Investor Relations
+1 416-309-2134

Aberdeen International Inc.
David Stein
President and COO
+1 416-861-5812

Source: Aberdeen International Inc.