RZZ Abitibi Royalties Inc

Abitibi Royalties Inc. (TSX VENTURE:RZZ)(hereinafter "Abitibi Royalties" or the
"Company") announces the results of its Annual General Meeting of Shareholders
(the "Meeting") held on May 16, 2012, in Montreal, Quebec. At the Meeting,
shareholders approved all resolutions put before them by management, including
the election of all director nominees, the appointment of the auditor, and the
approval of the previously adopted stock option incentive plan, as required
annually by the policies of the TSX Venture Exchange. 


Results of the Meeting 

Elections of Directors 

The shareholders re-elected Messrs. Glenn J. Mullan, Andrew T. Pepper, Chad
Williams, and Dr. C. Jens Zinke. Each shall service the Company as directors
until the next annual general meeting of shareholders Messrs. Williams and
Pepper are considered to be independent pursuant to applicable securities
legislation. 


Appointment of the Auditor 

The shareholders re-appointed Raymond Chabot Grant Thornton LLP, Chartered
Accountants as the Company's auditor for the ensuing year. 


Annual Approval of the Abitibi Stock Option Incentive Plan 

The shareholders voted in favour of the resolution pertaining to the annual
approval of the Company's stock option incentive plan.  


Corporate Update

Officer Appointment



     Chief Executive Officer:                          Glenn J. Mullan     
     Chief Financial Officer and Corporate Secretary:  Daniel Poisson      



Board Committees 

The Board of Directors has crystallized its standing board committees; they
include the Audit Committee, the Corporate Governance and Compensation
Committee, and the Technical Committee. With the exception of the Technical
Committee, all of the Company's committees are comprised of a majority of
independent directors. 


About Abitibi Royalties Inc.: Abitibi Royalties Inc. holds title to interests in
the Luc Bourdon and Bourdon West Prospects (also known as the McFaulds Lake
Property) and a 30% carried interest to production in the Malartic CHL Property,
plus a 2% net smelter royalty interest in one claim held by Osisko Mining
Corporation, which was previously held by Golden Valley Mines Ltd. and vended to
Osisko, and may acquire and generate other property and royalty interests.


Forward Looking Statements: 

This news release contains certain statements that may be deemed
"forward-looking statements. Forward looking statements are statements that are
not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although Golden Valley
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or realities may differ materially from those in
forward looking statements. Forward looking statements are based on the beliefs,
estimates and opinions of Golden Valley's management on the date the statements
are made. Except as required by law, Golden Valley undertakes no obligation to
update these forward-looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change.

Neither the 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 news release.

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