Consolidated Abaddon Resources is a lithium, rare earth and uranium exploration company developing properties in northern Ontario and the Athabasca Basin of northern Saskatchewan.

The 560 acre Raleigh Lake Lithium property is located in the Kenora Mining Division of Northwestern Ontario. Lithium bearing pegmatites have been known in the area since the 1960's. Provincial government mapping in the 1990's identified a 'Pegmatite Field' trending through the area. A modest drilling program by Avalon Ventures Ltd. in 1999 and 2000 defined several stacked shallow dipping (20-30 degrees) tantalum-lithium bearing dikes in several drill holes. A crew has been mobilized to the Raleigh Lake Lithium project. The initial exploration program will consist of compilation of previous data from a modest drill program that was completed in 1999, locating of drill collars in the field and the re-logging of existing core. A detailed mapping program of abundant lithium bearing pegmatite outcrops located on the Raleigh Lake property and a tightly spaced detailed magnetometer program to better define the known geological structures will also be completed. Consolidated Abaddon is conducting this autumn exploration program with the intent to utilize all data gathered (new and historic) to direct the Company towards a winter 2009-2010 comprehensive drill program.

The Selwyn Lake Rare Earth Elements property is located in the Selwyn Lake Township, NW Ontario. The property includes 13 claim blocks covering 1219 hectares covering the anomaly. The property is accessible by road and lies 4 kilometres from a railroad. The Selwyn Lake anomaly is similar in size and element association to the lake sediment anomaly at Strange Lake (REE) Rare Earth Element project of Quest Uranium in Labrador. The area has potential for rare earth or molybdenum pegmatites or Olympic Dam style mineralization. In September 2009 Consolidated Abaddon announced that an in-depth work program has commenced on its Selwyn Lake Rare Earth (REE) property. An exploration program consisting of detailed prospecting, soil sampling and till sampling has now been initiated. A general geological follow up of a previously identified lake sediment anomaly is now under way. The anomaly was identified in 1996 by the Ontario Geological Survey and confirmed with further sampling in 2002 showing mineralization of rare earth elements (REE) with very high iron and thorium counts. The Company will focus on the known Pegmatitic rock types in the area.

The uranium (U3O8) deposits of Saskatchewan, Canada are arguably the richest in the world. Consolidated Abaddon has interest in approx. 160 square kilometres of highly prospective ground within the eastern flank of the Athabasca Basin in northern Saskatchewan.

Consolidated Abaddon's Mann Lake Uranium property is located approx. 25 km to the SSW of Cameco Corporation's high-grade McArthur River Uranium Mine and 15 km to the NE of Cameco's Millennium U3O8 discovery in the Athabasca Basin. Canterra Minerals Corp. has earned a 60% interest in the Mann Lake uranium property.

The Company's Huard - Kirsch Lakes Uranium property is situated approx. 20 km to the NW of Cameco's McArthur River Uranium Mine in the Athabasca Basin. Denison Mines Corp. has earned a 51% interest in the Huard - Kirsch Lakes uranium property.

Consolidated Abaddon Resources Inc.'s goal is to increase shareholder value by developing exploration projects near world-class deposits that have the potential of becoming new discoveries.

James G. Pettit
Position: Director, Chairman & CEO
Jim Pettit is Chairman of the Board and Chief Executive Officer of Bayfield Ventures Corp. Mr. Pettit is currently serving as a Director on the Boards of 7 public resource companies and offers 15 years experience within the industry specializing in finance, corporate governance, management, and compliance. He specializes in the early stage development of private, as well as public companies. His background over the past 15 years has been focused primarily within the resource sector where he has managed and directed junior resource companies through good times and bad.

Donald C. Huston
Position: Director, President
Don Huston is the President and a Director of Bayfield Ventures Corp. He has been associated with the mineral exploration industry for over 25 years and has extensive experience as a financier and in-field manager of numerous mineral exploration projects in North America. He was born and raised in Red Lake, Ontario and spent 15 years as a geophysical contractor with C.D. Huston & Sons Ltd. as mineral exploration consultants in northern Ontario, Manitoba, and Saskatchewan. Mr. Huston serves as a Director of five Canadian public resource companies.

Donald G. Myers
Position: Director
Don Myers serves as a Director of Bayfield Ventures Corp. He has over twenty years of experience in public company management and corporate communications working with companies listed on the TSX Venture, NASDAQ, and Toronto Stock Exchanges. Mr. Myers background includes holding the position of Director and Officer of several junior public companies listed on the TSX Venture Exchange.

Amanda Chow, CMA
Position: Director
Amanda Chow serves as an independent Director of Bayfield Ventures Corp. Ms. Chow is a Certified Management Accountant (CMA) and a graduate of Simon Fraser University where she earned her Bachelor of Business Administration degree. She began working with public companies in 1999.

Nancy Ackerfeldt
Position: Corporate Secretary
Nancy Ackerfeldt has over twenty years of experience in public company administration and compliance, working primarily with junior public companies listed on the TSX Venture Exchange. From August 1995 to date, Ms. Ackerfeldt has been employed with 98 Corporate Group Resources Ltd., a private management and administrative services company which provides office space, accounting, legal, secretarial and support services to public companies.

David Busch, B.A., B.Sc.(hons), P.Geo.
Position: Exploration Manager and Qualified Person
With over 30 years experience exploring northwest Ontario's gold belts, Dave Busch is considered one of Canada's foremost authorities on the geology and exploration of Archean lode gold deposits, particularly the Red Lake & Birch-Uchi greenstone belts. Mr. Busch actively manages Bayfield Ventures field operations from the Company's Red Lake and Rainy River base camps. He is the Company's qualified person as defined in National Instrument 43-101. Mr. Busch received his Bachelor of Arts Degree in 1970 and his Honors Bachelor of Science Degree in geology in 1974 from Lakehead University. He has held the positions of Field Geologist from 1974 to 1976 for Phelps Dodge Corp. of Canada, Project Geologist from 1976 to 1980 for Brinex Ltd., and Senior Project Geologist from 1980 to 1982 for Getty Canadian Minerals Ltd. Mr. Busch was directly involved in the discovery of the Courageous Lake gold deposit in the Northwest Territories while working for Getty. He has been an independent consulting geologist since 1982, and in 1986 planned and carried out exploration that resulted in the discovery of the Sannorm #1 gold deposit in the Rice Lake belt of Manitoba. Mr. Busch has worked closely with several junior resources companies, including Bayfield Ventures exploring for copper, gold, and coal in the South Gobi region of Mongolia and gold in the Red Lake and Rainy River districts of Northwestern Ontario.

The 560 acre Raleigh Lake Lithium and Rare Earth Elements (REE) property is located 22 kilometres west of the town of Ignace in the Raleigh Township of Kenora Mining Division, Province of Ontario.

The Raleigh Lake Lithium and REE property is ideally located 5 kilometres south of the Trans Canada Highway equidistant between the towns of Dryden and Ignace, Ontario. Accessibility to the property is also readily available with infrastructure and power nearby.

Raleigh Lake lithium bearing pegmatites have been known in the area since the 1960's. Provincial government mapping in the 1990's identified a 'Pegmatite Field' trending through the area. A modest drilling program by Avalon Ventures Ltd. in 1999 and 2000 defined several stacked shallow dipping (20-30 degrees) tantalum-lithium bearing dikes in several drill holes. Thicknesses ranged from 1 to 8 metres and were shown to continue 450 metres down dip. Drill holes were relatively shallow and broadly spaced. The pegmatites appear very uniform at the spacing used and occur in volcanic rock flanking granitic intrusions. Only 4 to 5 shallow holes were drilled on the Raleigh Lake property. Historic data available in the Ontario Government geological files reflect certain intersections below.

Hole # RL 99-01 0.56 % Li (lithium) over 3.2 metres
Hole # RL 99-04 1.00 % Li over 4.1 metres
Hole # RL 99-05 1.50 % Li over 6.9 metres

In the fall of 2009 a crew was mobilized to the Raleigh Lake Lithium and REE project. The initial exploration program consisted of compilation of previous data from the modest drill program that was completed in 1999, locating of drill collars in the field and the re-logging of existing core. A detailed mapping program of abundant lithium bearing pegmatite outcrops located on the Raleigh Lake property and a detailed magnetometer survey were completed across the entire property in November 2009. Structural interpretations from the magnetic data were used in the targeting of drill holes on the property.

Phase one drilling on the Raleigh Lake Lithium and REE zone was completed at the beginning of March 2010. This phase one drill program consisting of 7 holes totaling 1463 metres was carried out by Rodren Drilling of Winnipeg.

The phase one drill program was highly successful in confirming and expanding the known lithium and REE mineralization at the property. Pegmatite bodies were intercepted in all seven holes with several pegmatites of 10 to 11 metre thickness being found. The wall rocks to the pegmatites consist of a sequence of mafic volcanics and gabbroic intrusive bodies. These wall rocks are locally sheared, sericite altered and mineralized with pyrite, rhyolite and chalcopyrite. The majority of the intersected pegmatites bodies are rich in spodumene. The spodumene at Raleigh Lake is light green in color, has distinctive crystal habit and is easily identified in the drill core. Spodumene is a lithium bearing silicate mineral and is a common lithium ore mineral in pegmatite mines worldwide.

The Company is very pleased with what the phase one drill program has shown. Assaying (SGS Laboratories) was done by completing a 55 element suite of minerals. Significant results from the initial drill program include 9.0 metres of 1.30% Li in hole RL10-2, 4.7 metres of 0.84% Li in hole RL10-1 including 2.2 metres of 1.10% Li and 1.0 metre of 1.33% Li, 5.5 metres of 0.77% Li in hole RL10-3, 9.6 metres of 0.48% Li in hole RL10-5, and 5.7 metres of 0.48% Li in hole RL10-6.

President Jim Pettit stated: "We are encouraged and very pleased with the results from our initial drill program as they have confirmed and expanded the known lithium and REE zone on the property. Combining these results with Avalon's earlier drill results gives us a much clearer understanding of the regional geology and the emplacement of rare earth elements. We look forward to the second phase work program."

A litho geochemical survey completed on the property by Consolidated Abaddon has indicated several areas where tantalum, lithium and cesium anomalies are present. These areas are in structural zones related to intrusive granites, some of which are the 'two mica' type. The structures were identified from the ground magnetic surveys and have not yet been drill tested. Further work will focus on these prospective areas. The Company will begin a phase two drill program shortly.

The regional geology of the Raleigh Lake area is shown in the map above. The Raleigh Lake rare-element pegmatite group located immediately west of Raleigh Lake is for the most part confined to the mafic volcanic portion of the mafic-intermediate volcanic package situated between the Revell Batholith to the west and the Raleigh Lake pluton to the east.

The intrusion of the above batholith and pluton may have created a basin-like structure within the volcanic sequence situated between the two intrusions. The Raleigh Lake pluton appears to have pushed the volcanics upward resulting in a concentric pattern with the mafic volcanics closest to the pluton and the felsic volcanics farther out. The intrusion of the Revell Batholith also appears to have uplifted the volcanics resulting in mafic to intermediate volcanic sequencing parallel to the batholith contact with the mafic volcanics closest to the intrusive contact.

The known pegmatite group is situated within what appears to be a broad deformation zone that trends in a northerly direction parallel to and immediately east of the Revell Batholith and between the batholith and the Raleigh Lake pluton. It appears the Raleigh Lake pluton may have intruded into this deformation zone resulting in a divergence of the zone around the pluton.

The multi-directional foliations shown on the geology map by Stone et al. (1999) indicate a possible domal structure within the mafic volcanics adjacent to the 2-mica granite (Area 2 in the map above). The cause of this feature is unknown, but an intrusion at depth should not be discounted. Such a structure is considered favourable for the emplacement of pegmatites.

The gabbro host is viewed as a positive indicator for pegmatite potential in the area. A number of the large commercial pegmatites throughout the world are hosted within metagabbro or amphibolites ± quartz schists. The reason for this association is unknown.

On a regional scale, the potential for a basin like structure resulting from the intrusion of the Raleigh Lake pluton and the Revell Batholith presents a favourable structural environment for the emplacement of shallow to flat-laying pegmatites. Furthermore, the presence of the 2-mica granite to the immediate south and adjacent to a large deformation zone represents both a possible source for the pegmatitic fluids and a conduit system to transport pegmatitic fluids.

A possible domal structure, a favourable emplacement structure for pegmatites, may exist within the mafic volcanics adjacent to the 2-mica granite (Area 3 in the map above).

The Selwyn Lake Rare Earth Elements property is located in the Selwyn Lake Township of the Thunder Bay Mining Division, Province of Ontario.

Consolidated Abaddon has acquired an option on the Selwyn Lake rare earth claims covering a large and strong REE, Fe, Mo, Th, U3O8 lake sediment anomaly. The anomaly was identified in 1996 by the Ontario Geological Survey and confirmed with further sampling in 2002.

The property includes 13 claim blocks covering 1219 hectares covering the anomaly. The property is accessible by road and lies 4 kilometres from a railroad.

The multi element (REE) Rare Earth Element anomaly includes 10 lakes on 3 drainage systems. The Selwyn Lake anomaly is similar in size and element association to the lake sediment anomaly at Strange Lake (REE) Rare Earth Element project of Quest Uranium in Labrador. The Selwyn Lake sediment anomaly is located astride a splay in a regional structural zone that has been the focus of earlier granitic intrusives. The area has potential for rare earth or molybdenum pegmatites or Olympic Dam style mineralization. There has been limited reported exploration in the area.

A program of prospecting, soil and till sampling is planned this fall for the Selwyn Lake property.

Consolidated Abaddon's 3520 acre Gama Lake Lithium Property is located approximately 150 km north of Red Lake, Northwestern Ontario, along the contact of the Berens River Subprovince, and the Sachigo Subprovince.

The property is associated with the discovery of spodumene / lithium pegmatites in the general area. A major northwest-southeast trending regional structure, the Bearhead Lake Fault, traverses the length of the Gamma Lake property and separates two contrasting terrains.

Consolidated Abaddon holds interest in approx. 40,000 acres (160 square km) of highly prospective ground within the eastern flank of the Athabasca Basin in northern Saskatchewan. Canterra Minerals is actively exploring Abaddon's 40% owned Canterra 60% owned Mann Lake property, which is located approx. 25 km to the SSW of the McArthur River Mine and 15 km to the NE of Cameco's Millennium (U3O8) discovery, and occurs at the northern extent of the B1 conductor.

The adjacent property to the Mann Lake property of significance is the Cree Extension joint venture hosting the Millennium deposit to the southwest. Cree Extension is a joint venture among Cameco Corporation, as operator, JCU (Canada) Exploration Co. Ltd., UEM Inc., and Cogema Resources Inc. In 2000, Cameco discovered the Millennium Uranium Zone on the Cree Extension using geophysical and geochemical techniques. The Millennium uranium deposit is located approximately 15 km southwest of the southern boundary of Consolidated Abaddon's Mann Lake property.

The other property of significance is the adjoining Mann Lake property to the east. In June 2006, Cameco Corporation, UEM Inc., and International Enexco joint venture on the adjoining Mann Lake property, which is "beside" Consolidated Abaddon's Mann Lake project to the east, announced successful drill results. Two holes were drilled and targeted the western most conductor within a resistivity low. One hole intersected the unconformity at 517.8 metres and encountered four narrow intervals of basement-hosted uranium mineralization within 12 metres of the unconformity. The two highest-grade intervals averaged 7.12% U308 over 0.25 metre and 5.53% U308 over 0.4 metre. In November 2006, Int'L Enexco announced Cameco has tripled its budget for the 2007 exploration on their Mann Lake property.

The Feb. 2005 43-101 report on Consolidated Abaddon's Mann Lake project recommended that further investigation of the conductors located near Marean Lake on the Mann Lake property should be undertaken. The GSC aeromagnetic digital data should be obtained and the current interpretation refined. The geophysical anomalies identified at Marean Lake will be followed up with detailed fixed loop EM surveys. It is anticipated that the detailed surveys will yield sufficient drill targets to warrant 2 or 3 diamond drill holes as a first pass at exploration. These holes will be planned for depths in the order of 900 m.

The full Feb. 2005 43-101 report regarding the Mann Lake and Huard-Kirsch Lakes uranium properties can be viewed at www.sedar.com.

In May 2005, Consolidated Abaddon announced it has established a new grid of 21.9 line kilometres on the Marean Lake area in the centre of the Mann Lake claim block. There was a previous grid established here and geophysical survey conducted by Uranium Power Corp. in 1999-2000. The grid Consolidated Abaddon established was cut at a different angle than Uranium Power to allow for a better interpretation and correlation of the suspected basement conductors on the Marean Lake area. The Company has now completed a gravity survey on parts of the new grid, which indicates reactive basement faults and provides Consolidated Abaddon with prospective drill targets.

In September 2005, Triex Minerals Corp. TSX.V: TXM (now Canterra Minerals Corp. TSX-V: CTM) entered into an Option Agreement under which Canterra can earn an initial 51% interest in the Mann Lake property by incurring $1,500,000 of exploration expenditures on or before March 20, 2007 and making a cash payment of $50,000.

In April 2006, Canterra Minerals Corp. undertook a detailed ground geophysical survey to fully delineate drill targets. A Phase One 4,000 metre diamond drill program began September 2006 following the geophysics.

In January 2007, Consolidated Abaddon and Canterra Minerals announced that alteration and geochemical anomalies are confirmed by the recently completed, first pass drill program on the Mann Lake uranium property, in the eastern Athabasca Basin, Saskatchewan. A $1.2-million follow-up diamond drilling program started in the second half of 2007.

The five hole Phase 1 drill program tested an easterly to southeasterly trending structural corridor about one kilometre wide, which runs across the central part of the property, and truncates the regional northeasterly grain of conductors, linears, and magnetic features. A ground-based gravity survey completed last winter delineates individual faults in the corridor (see the image map below.).

Diamond drill hole MN06-002 located on the southern side of the structural corridor encountered pervasively bleached and locally intensely fractured and friable sandstone over approximately 90 metres within the Mfa Formation of the Athabasca Group, immediately above the unconformity, which was intersected at 606 metres. On-site PIMA analyses show illite clay alteration throughout this 90 metres interval of altered sandstone. Further, there is increased radioactivity at the unconformity.

Hole MN06-005 is located on the northern side of the structural corridor, and approximately one kilometre to the north of Hole MN06-002. It intersected the unconformity at 631 metres. A four metre wide zone of anomalous Boron (up to 1758 ppm Bo) was encountered in sandstone immediately above the unconformity.

An altered basement gneissic rock with abundant clay, chlorite, hematite and calc-silicate minerals about 7.6 metres below the unconformity contains anomalous uranium (up to 73.6 ppm uranium) over a 1.5 metres interval, compared to a background of between 1 and 5 ppm. Quartz veinlets are noted. This zone is coincident with an adjacent interval with up to 631 ppm Bo over 7.2 metres. Boron is enriched at the McArthur River uranium mine, and together with illite and chlorite alteration, define an integrated regional hydrothermal corridor between the McArthur River and Key Lake uranium mines (eg. Earle and Sopuck, 1989).

Consolidated Abaddon holds an interest in approximately 40,000 acres (160 square km) of highly prospective ground within the eastern flank of the Athabasca Basin in northern Saskatchewan. Denison mines is actively exploring the Company's Huard - Kirsch Lakes property, which is situated approx. 20 km to the NW of Cameco Corporation's high-grade McArthur River Uranium Mine.

The Feb. 2005 43-101 report on the Huard-Kirsch Lakes project recommended that the conductors on the Huard - Kirsch Lakes property considered to be related to basement graphitic horizons or structures from the MEGATEM Airborne survey completed in February 2005 be followed up on the ground with fixed loop or moving loop TEM surveys. The magnetic data obtained from the Airborne survey will be modeled and the interpretation used to guide the ground follow-up program. The conductors defined from the ground surveys will be drill tested.

The full February 2005 43-101 report regarding the Mann Lake and Huard - Kirsch Lakes uranium properties can be viewed at www.sedar.com.

The conductors located in the prior work by Cogema Resources show up well on the MEGATEM Airborne survey. These conductors are the first priority targets on the project. It is anticipated that the detailed surveys will yield sufficient drill targets to warrant 2 or 3 diamond drill holes as a first pass at testing targets. These holes will be planned for depths in the order of 800m.

In November 2005, Denison Mines Corp. (TSX: DML) signed an Option Agreement whereby IUC has the option to acquire a 51% interest in Consolidated Abaddon's Huard - Kirsch Lakes uranium property. IUC can earn a 51% interest in the property by incurring Cdn $1,500,000 of exploration expenditures on or before November 1, 2008 and has paid a cash payment of Cdn $25,000.

During 2006, Denison Mines completed several exploration surveys on the Huard-Kirsch Lakes project. To date, exploration has consisted of grid establishment, boulder geochemistry, airborne and ground geophysics. Denison Mines is preparing to test a broad basement conductor at an interpreted depth of 750 metres below surface. The property is interpreted to be underlain by a conductive meta-sedimentary sequence that has never been drill tested. Interpretations of this data suggest that the anomaly represents a favorable target for exploration for unconformity uranium deposits.

In February 2007, Abaddon announced that Denison Mines Corp. (TSX: DML) has informed the Company that a diamond drill program on the Huard-Kirsch Lakes property is planned for March 2007. A total of approximately 1,700 metres of drilling is planned for the Haurd-Kirsch Lakes project this winter as a 1st phase drill program.

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