BUENOS AIRES (dpa-AFX) - AbraSilver Resource Corp. has entered into
subscription agreements in respect of a strategic C$20 million non-brokered
private placement of AbraSilver common shares with Kinross Gold Corporation
(KGC, K.TO) and an affiliate of Central Puerto (CEPU) at a subscription price of
C$0.40 per share. AbraSilver Resource will issue an aggregate of 50 million
shares at a subscription price of C$0.40 per share. Kinross and Central Puerto
will each invest C$10 million, resulting in aggregate gross proceeds of C$20
million to AbraSilver Resource. Upon closing of the private placement, Kinross
and Central Puerto will each own approximately 4.0% of the outstanding common
shares on an undiluted basis.

Upon closing of the private placement, AbraSilver will enter into separate
investor rights agreements with each of Kinross and Central Puerto, which
provide, among other things, the grant of standard anti-dilution and equity
participation rights.

Also, AbraSilver and Kinross aim to form a regional partnership to jointly
explore for and acquire new projects in Argentina focused on silver, gold, and
copper. Upon closing of the private placement, AbraSilver will grant Kinross a
Right of First Offer to acquire at least 50% of newly staked or acquired
projects in Argentina beyond Diablillos.



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