RZZ Abitibi Royalties Inc

Abitibi Royalties Inc. (TSX VENTURE:RZZ) ("Abitibi Royalties" or the "Company")
is pleased to provide a further update on its actions to protect the Company's
rights with respect to the Malartic CHL Property. On June 9, 2014, the Company's
lawyers made submissions at the hearing for final approval of the plan of
arrangement among Osisko Mining Corporation ("Osisko"), Agnico Eagle Mines
Limited and Yamana Gold Inc. dated April 16, 2014 (the "Plan of Arrangement").
The Plan of Arrangement was approved by the Court, after hearing Abitibi
Royalties' arguments and after ordering that certain modifications be made to
the Plan of Arrangement as a result of such arguments.


As announced in the Company's June 6, 2014 news release, the Plan of Arrangement
was amended to reflect that the Malartic CHL Property is not being transferred
to the partnership along with the other Canadian Malartic assets and will be
retained by Osisko and that the proposed 5% NSR to be granted on the Canadian
Malartic assets does not include the Malartic CHL Property. In addition, Osisko
undertook not to transfer the Malartic CHL Property without first notifying
Abitibi Royalties. 


Abitibi Royalties also advised the Court that, at this stage in the proceedings,
its primary claim is that Osisko has triggered Abitibi Royalties' right to
re-acquire Osisko's 70% interest in the Malartic CHL Property, where recent
exploration drilling has returned significant gold mineralization at the Odyssey
Zones, as referenced in Abitibi Royalties' news release of April 23, 2014.


On June 13, 2014, the Quebec Superior Court ordered that Abitibi Royalties'
claims, and most importantly, whether Abitibi Royalties is entitled to a right
of first refusal on Osisko's interest in the Malartic CHL Property as a result
of Osisko's actions, be sent to arbitration without costs to either party, with
the detailed reasoning for this decision to follow. Abitibi Royalties will
carefully consider the Court's reasons once they have been received and will
consider all of its options at that time in order to protect all of its rights
and interests in the Malartic CHL Property.


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. 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 62.7% 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: 
Abitibi Royalties Inc.
Glenn J. Mullan
President
819-824-2808, x 204
glenn.mullan@goldenvalleymines.com


Abitibi Royalties Inc.
2864 chemin Sullivan
Val-d'Or, Québec J9P 0B9

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