RZZ Abitibi Royalties Inc

Abitibi Royalties Inc. ("Abitibi Royalties" or the "Company", (TSX VENTURE:RZZ)
announces the engagement of Micon International Limited ("Micon") as an
independent consultant to audit results prepared by Osisko Mining Corporation
("Osisko") on the Jeffrey Zone only, which forms part of the Malartic CHL
Property currently the object of a joint venture with Osisko and in which the
Company holds a 30% free carried interest to production. The results arising
from Micon's review are expected to be available during the course of the first
quarter of 2012, at which time additional details will be provided. 


About Micon International Limited: Micon has provided consulting services to the
international mining industry since 1988, with particular focus upon mineral
resource estimations, metallurgical services, mine design and production
scheduling, preparation of pre-feasibility and feasibility studies, independent
reviews of mining and mineral properties, project monitoring, independent
engineer roles, financial analysis and litigation support. 


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 the Malartic CHL Property, plus a 2% net smelter royalty interest
in one claim held by Osisko, 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 Statement: This news release contains certain forward-looking
statements. These forward-looking statements are subject to a variety of risks
and uncertainties beyond the Company's ability to control or predict and are not
to be interpreted as guarantees for future performance. These forward-looking
statements could cause actual events or results to differ materially from those
anticipated in such forward-looking statements. All forward-looking statements
speak only as of the date of this news release and the Company does not
undertake any obligation to update or publicly release any revisions to such
forward-looking statements to reflect events, circumstances, or changes in
expectations after the date hereof, except as required by law. Accordingly,
readers should not place undue reliance on such forward-looking statements.

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