Vancouver, BC -- April 19, 2016. Abacus Mining & Exploration Corporation ("Abacus" or the "Company") (TSXV:AME) announces that the Board of Directors has approved the issuance of 1,500,000 stock options in connection with a new director appointment announced on April 1, 2016. The stock options, provided under the Company's approved stock option plan, are exercisable at a price of $0.06 per share for a period of five years from the date of grant, and are subject to regulatory approval. 

On Behalf of the Board,
ABACUS MINING & EXPLORATION CORPORATION 

Michael McInnis
Chairman, President & CEO 

About Abacus
Abacus is a mineral exploration and mine development company with a 20% interest in the Ajax Project located at the historic Ajax-Afton site southwest of Kamloops, B.C. The Ajax Project is a proposed copper-gold-silver open-pit mine for which an application for environmental certificate (Application/EIS) was submitted to the provincial and federal governments in January 2016. Through KGHM Ajax Mining Inc., a joint venture company between Abacus (20%) and KGHM Polska Miedz S.A. (KGHM) (80%), the mine is being funded in large part by KGHM and operated by its wholly-owned subsidiary, KGHM International Ltd. For the latest reports and information on the Ajax Project, please refer to the Company's website at www.amemining.com. 

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