Abitex announces issuance of shares for debt

VAL D'OR, QC, Feb. 19 /CNW Telbec/ - Abitex Resources Inc. (TSX-V: ABE) (the "Company") announces that, subject to regulatory approval, including that of the TSX Venture Exchange, it will issue an aggregate of 477,707 common shares in payment of an aggregate amount of $75,000 of debt, representing the termination costs of a consulting agreement with I. Peres. The shares will be issued by Abitex at a deemed price of $0.157 per share and will have a minimum 4 month hold period until June 23, 2010.

ABITEX is an exploration and development company based in Val d'Or, Quebec, which is currently focused on advancing two uranium-gold properties in Quebec's Otish Mountains region. An initial resource estimate is being prepared for the Lavoie property and the Company has made two significant U-Au discoveries on the nearby Epsilon property.

The Company's public documents may be accessed at www.sedar.com

For further information on the Company, please email us at info@abitex.ca


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

%SEDAR: 00003760EF

SOURCE ABE Resources Inc.

For further information: For further information: Yves J. Rougerie, (819) 874-6200, Fax: (819) 874-6202, info@abitex.ca

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