RZZ Abitibi Royalties Inc

Abitibi Royalties Inc. (TSX VENTURE:RZZ) ("Abitibi Royalties" or the "Company")
is pleased to announce that it has appointed Ian Ball as the Company's President
effective August 5, 2014. In addition, the Company wishes to provide
shareholders with an update on its Canadian Malartic 2% NSR (Gouldie deposit)
and clarify statements made during the Yamana Gold second quarter conference
call (held on July 31st, 2014) regarding Abitibi Royalties' legal claims against
Agnico-Eagle and Yamana on the Malartic CHL property, located next to the
Canadian Malartic mine.


Ian Ball Appointed as President 

Effective August 5, 2014, the Company has appointed Ian Ball as President. Prior
to joining the Company, Ian worked 10.5 years for Rob McEwen, initially at
Goldcorp and then McEwen Mining. He most recently served as McEwen Mining's
president where he was responsible for overseeing production, construction and
exploration activities throughout North and South America. He was responsible
for discovering McEwen Mining's El Gallo 2 project, scheduled to become one of
the 15 largest silver mines in the world and building the El Gallo 1 gold mine
that is forecasted to produce 75,000 ounces gold in 2015. In addition, his
experience managing joint ventures (McEwen Mining's San Jose mine with
Hochschild Mining) will be an asset for the Company. 


"Abitibi Royalties is a very unique opportunity and has the foundation to become
one of the best gold companies in the world. Not the biggest, but the best. The
best in my mind is long-term share price appreciation for its owners similar to
American Barrick in the 1980's, Goldcorp in the 1990's and Franco-Nevada for
most of its history. With only 11 million shares outstanding, cash in the bank,
free cash flow expected shortly from the Canadian Malartic NSR (Gouldie deposit)
and the dynamic opportunity that surrounds the recent Odyssey discovery, I am
looking forward to this exciting opportunity." stated Ian Ball, President. 


Canadian Malartic 2% NSR Update (Gouldie Deposit)

Abitibi Royalties holds a 2% NSR on a portion of the Canadian Malartic mine
known as the Gouldie deposit, which is jointly owned by Agnico-Eagle Mines and
Yamana Gold. The Gouldie deposit is located approximately 300 meters south of
the main Canadian Malartic open pit. Agnico-Eagle and Yamana recently provided
an update on the Gouldie deposit in their second quarter results, announcing
they are accelerating activities at Gouldie in order to increase the mines
flexibility through building a lower grade stockpile. The partners are spending
C$13 million on mining in order to access the deposit. 


The stated reserves and resources for the portion of the Gouldie deposit that is
within Abitibi Royalties 2% NSR were released by the company on March 28, 2014
and can be found on the Abitibi Royalties website
www.abitibiroyalties.com/en/news/archive.


Although the timing and ultimate number of gold ounces produced from the Gouldie
deposit are outside of the Company's control, the acceleration of mining
development is a positive step towards the Company realizing its first cash
flow. No update was provided on the Charlie zone, where the Company also holds a
2% NSR and is located approximately 100 meters northeast of the Gouldie deposit.


Clarification Regarding Yamana Gold Second Quarter Conference Call 

During the Yamana Gold second quarter conference call on July 31, 2014,
statements were made that Abitibi Royalties dispute with Agnico-Eagle and Yamana
was regarding the Company's Free-Carried Interest at the Malartic CHL project,
located next to the Canadian Malartic mine. Abitibi Royalties wishes to clarify
that the litigation commenced by the Company concerns its ability to execute a
Right of First Refusal on the Malartic CHL property as stated in the original
option agreement with Osisko Mining Corp. The Que'bec Superior Court has ordered
Abitibi Royalties claim be sent to arbitration and Abitibi Royalties has
appealed that decision.


It is important to note that as a result of Abitibi Royalties initial set of
claims to the Que'bec Superior Court the Plan of Arrangement between
Agnico-Eagle, Yamana and Osisko was amended to reflect that:




1)    the Malartic CHL property could not be transferred to the Agnico-     
      Eagle/Yamana partnership which acquired the Canadian Malartic mine    
      and,                                                                  
2)    the 5% NSR on the Malartic CHL Property originally granted to Osisko  
      Gold Royalties would be removed.                                      



Abitibi Royalties will continue to enforce and protect its contractual rights,
and looks forward to resolving this matter to expedite exploration and
development of the Malartic CHL Property. 


About Abitibi Royalties Inc. 

Abitibi Royalties holds a 30% free-carried interest on the Malartic CHL Property
near Val-d'Or, Quebec, located beside the Canadian Malartic mine, the largest
producing gold mine in Canada. In addition, the Company holds a 2% NSR on
portions of the Gouldie and Charlie zones at the Canadian Malartic mine and 100%
title to the Luc Bourdon and Bourdon West Prospects in Ontario.


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
Chairman
2864, Chemin Sullivan
Val-d'Or, Quebec J9P 0B9
Tel.: 819-824-2808, x 204
Email: glenn.mullan@goldenvalleymines.com


Ian J. Ball
President
1 King West St. Suite 4202
Toronto, Ontario M5H 1A1
Tel.: 416-346-4680
Email: ianjamesball@gmail.com

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