Golden Valley Mines Ltd.

Abitibi Royalties Inc. (CVE:RZZ) ("Abitibi Royalties" or the "Company") announces that it has purchased 43,500 common shares of Agnico Eagle Mines Limited ("Agnico Eagle") at US$44.00 per share for a total purchase price of approximately USD$1.9 million (CDN$2.5 million).

Abitibi Royalties Inc. (CVE:RZZ) is pleased to announce the receipt of the year-end 2014 gold Reserve and Resource estimate completed by Canadian Malartic GP operated by Agnico Eagle Mines Limited and Yamana Gold Inc.

Abitibi Royalties Inc. (CVE:RZZ)is pleased to announce that SIDEX, Fonds régionaux de solidarité FTQ Abitibi-Témiscamingue and the Fonds de solidarité FTQ have purchased an additional 336,900 common shares of Abitibi Royalties and now collectively own approximately 495,700 common shares or 4.6% of the Company.

Mr. Ball was formerly the President and was previously Vice President (Mexico)/Senior Vice President of McEwen Mining Inc. (NYSE:MUX). He is credited with leading the McEwen Mining team that built the El Gallo 1 mine on time and budget, in addition to making the El Gallo 2 discovery in Mexico.