Abitibi Royalties Inc. (TSX VENTURE:RZZ) (the "Company" or "Abitibi Royalties")
is pleased to report on the second series of assay results from the 2012 drill
program on the Malartic CHL Prospect, located immediately east of Osisko Mining
Corporation's ("Osisko") 100%-owned Canadian Malartic gold mine property. The
information that follows has been provided to Abitibi Royalties by joint venture
partner and program operator Osisko.


The second series of assay results contained herein pertains to the Hal Zone,
where a total of seven (7) new drillholes (849.2 metres) and two (2) drillhole
extensions (105 metres) were completed. The Hal Zone represents Canadian
Malartic-style mineralization discovered in the Pontiac metasediments located
immediately south of the Jeffrey Zone.


Highlights for (7) new drillholes and two (2) drillhole extensions include 13.5
metres averaging 1.09 g/t gold (CHL10-2259 EXT), 7.50 metres averaging 2.13 g/t
gold (CHL12-2449) and 5.70 metres averaging 2.28 g/t gold (CHL12-2446).




                            Drillhole Assay Table                           
                                                                            
----------------------------------------------------------------------------
                                From        To    Length    Au g/t   Cut-off
Hole No.           Section       (m)       (m)       (m)   (uncut)       g/t
                                                                            
CHL12-2443           7250E     25.50     28.50      3.00      0.43      0.35
                                                                            
CHL12-2444           7275E                                     NSV      0.35
                                                                            
CHL12-2445           7300E     18.50     19.80      1.30      1.25      0.35
                                                                            
CHL12-2446           7325E     35.00     40.70      5.70      2.28      0.35
                                                                            
CHL12-2447           7325E     43.00     45.00      2.00      1.77      0.35
                                                                            
CHL12-2448           7350E     27.80     29.50      1.70      1.44      0.35
                                                                            
CHL12-2449           7350E     62.50     70.00      7.50      2.13      0.35
                                                                            
CHL10-2259 EXT       7375E    115.50    129.00     13.50      1.09      0.35
                                                                            
CHL10-2266 EXT       7350E    110.00    113.50      3.50      4.41      0.35
                                                                            
Incl.                         111.20    112.00      0.80     12.00      0.35
                                                                            
----------------------------------------------------------------------------
NSV: No Significant Value                                                   



Please refer to the attached Figures 1, 2 and 3 (available at the following
address: http://media3.marketwire.com/docs/RZZFigures702.pdf) for the locations
of the individual holes listed in the above drillhole assay table.


The Hal Zone mineralization identified from drilling completed by Osisko in 2010
(for details please see Golden Valley Mines Ltd. February 28, 2011 news release)
is located 20 to 35 metres south of the contact with the Cadillac Fault and the
porphyry body hosting the Jeffrey Zone. The Hal Zone appears to have a true
width of approximately 7 to 10 metres and plunges steeply to the north toward
the contact with a steep rake to the east. It has now been traced over 75 metres
of strike from sections 7325E to 7400E. The disseminated mineralization is
hosted in altered greywacke and in porphyry, which is similar to that hosting
the Canadian Malartic gold deposit currently being mined by Osisko.


The assay results for the remainder of the targets tested in the 2012 drill
program will follow in a separate news release over the coming weeks. In
summary, the 2012 drill program consisted of thirty-one (31) new drillholes in
addition to two (2) drillhole extensions, totalling 5,660.2 metres, targeting
six (6) separate targets (for details of the program and assay results from the
Mammoth Extension Area, please refer the Company's May 6, 2013 and June 4, 2013
news releases).


All NQ core assays reported above were obtained by standard 50 g fire
assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val-d'Or,
Quebec. Reported drill core weighted averages were calculated using a minimum of
0.40 g/t Au over successive intervals of 20 metres. The lengths of mineralized
intervals of less than 20 metres were minimized, and an upper cut-off of 35 g/t
Au was applied to individual assays where indicated. Intervals containing
individual assays that are greater than six times the average of the interval
are included separately. Intersected drifts or lost core within mineralized
intersections were incorporated as blank intervals.


Osisko follows strict QA-QC protocol measures in keeping with industry standards
and regulatory reporting requirements. Glenn J. Mullan, Chief Executive Officer
of Abitibi Royalties, is the Qualified Person (as such term is defined in
National Instrument 43-101 - Standards of Mineral Disclosure) who has reviewed
this news release and is responsible for the technical information reported
herein.


About Abitibi Royalties Inc.: Abitibi Royalties holds 100% title to the Luc
Bourdon and Bourdon West Prospects in Ontario and a 30% free-carried interest on
the Malartic CHL Property near Val-d'Or, Quebec which is the object of a joint
venture with Osisko Mining Corp. In addition, the Company holds a 2% net smelter
royalty interest in one additional claim held by Osisko, and may acquire and
generate other property and royalty interests.


Golden Valley Mines Ltd. holds an approximate 66.3% interest in Abitibi
Royalties Inc.


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 the Company 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 the Company's management on the date the statements
are made. Except as required by law, the Company 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Glenn J. Mullan
President
819-824-2808, x 204
glenn.mullan@goldenvalleymines.com
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