Abacus Mining & Exploration Corporation (TSX.V:AME) (the "Company") is pleased to announce assay results from DM, Audra and Crescent areas on the Company's Afton properties near Kamloops, British Columbia. The results represent the first three drill holes completed from the Phase II diamond drill program that began in September. 

All three holes were completed in the DM zone, an area lying one kilometre east from the past producing Afton Pit. The DM zone is the western most zone within a 2.5 kilometre mineralized trend. This mineralized trend is part of a 5 kilometre long structural corridor that extends from the Afton Deposit in the west to the Big Onion deposit in the east. The results from the first three holes of the Phase II program are as follows:
 

* Copper equivalent determined using US$0.90/pound copper, US$400/ounce gold, and US$200/ounce palladium. 

The first two holes (DA04-004 and DA04-005) were drilled on section 6 (see drill plan map at www.amemining.com), which is a 30-metre step-out southwest of DA04-003, to test the western extent of the mineralization. Drill hole DA04-006, drilled on section 7, is positioned within the area of known mineralization and designed to test the continuity and depth extent of the zone. DA04-006 intersected over 300 metres of mineralization and ended in the near vertical southbounding fault. The mineralization remains open at depth. 

The mineralization at the DM zone is very similar to that mined at the Afton pit and consists of chalcopyrite with lesser bornite hosted by Cherry Creek monzonite and structurally controlled Cherry Creek intrusive breccias generally in fault contact with Pothook diorite. The historical drilling indicates that two known mineralized DM intrusive breccia bodies appear to be coalescing at depth. On a larger scale, geophysical IP anomalies also indicate that the DM, Audra and Crescent zones are part of a much larger (2.0 km x 0.5 km) system. The Audra zone, also hosted by an intrusive breccia, lies approximately 600 metres east of the DM zone and has received only very limited drilling. 

Mr. Doug Fulcher, president of Abacus states, "The near surface results from this phase of drilling highlights the potential of the area to host a significant near surface deposit. Current work will continue to focus on the over two kilometre long zone that hosts the DM, Audra and Crescent zones."

Mr. Robert R. Friesen, P. Geo and Mr. Robert Darney, P. Geo are the qualified persons responsible for the exploration program and have based their work on a National Instrument 43-101 technical report (Comet Davenport technical report) by Mr. Darney. Eco Tech Laboratory Ltd. of Kamloops, B.C. has completed all of the Company's analytical work on the project. A quality control program, using specific standards and blank samples is ongoing, using Eco Tech and ALS Chemex Labs of North Vancouver, B.C.

Drilling is ongoing at the DM/Audra and Crescent area. Results will be released as they become available.


On Behalf of the Board,
ABACUS MINING AND EXPLORATION CORPORATION

"Doug Fulcher"

Doug Fulcher
President 


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