November 7, 2006
Abacus Retains Strategic Financial Advisory Services

The Directors of Abacus Mining and Exploration Corp. ("Abacus") are pleased to announce they have retained the services of Mr. Roman Friedrich of Roman Friedrich & Company of Vancouver, British Columbia. Roman Friedrich & Company has specialized in the provision of financial advisory and strategic services to corporations in the resource sector, since 1997.

Roman Friedrich & Company was retained by Abacus in 2005 and was instrumental in finalizing the negotiations with Teck Cominco on the asset purchase of the mining and milling facilities at our Afton project. With the Afton project advancing quickly and a 43-101 resource on the Ajax deposit expected shortly, the company feels that Roman will be a huge asset in moving forward with this project.

On Behalf of the Board,

Doug Fulcher,

This news release, required by applicable Canadian laws, is not for distribution to U.S. news wire services or for dissemination in the United States, and does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

You can view the Next News Releases item: December 8, 2006,Abacus Completes Ajax West Zone Drilling - Zone Expands To 650 Metres Highlights Include 114 Metres Of 0.61 % Copper And 0.68 g/t Gold

You can view the Previous News Releases item: September 14, 2006,Abacus Drills 291 Metres Of 0.47 % Copper And 0.52 g/t Gold; Expands Both Ajax West And Ajax East Zones

You can return to the main News Releases page, or press the Back button on your browser.