Released on the AIMAPPOINTMENT OF CORPORATE ADVISORAlbidon...

Released on the AIM


APPOINTMENT OF CORPORATE ADVISOR



Albidon Limited notes media speculation about the appointment of a corporate advisor and confirms that it has engaged Royal Bank of Canada to assist the Company to assess potential corporate opportunities and progress its ongoing growth strategy.


As a significant new nickel producer with a pipeline of high quality exploration assets in Africa, Albidon is well placed to pursue an aggressive growth and development strategy. The Company believes RBC can greatly assist with the implementation of this strategy.


Albidon expects to produce first nickel concentrate at its Munali nickel project in Zambia later this month, approximately two months ahead of schedule.


Munali is expected to be one of only two new nickel sulphide mines to enter production worldwide in the first half of 2008.