April 7, 2006
Grant Of Stock Options

Abacus Mining and Exploration Corp. (the "Company") announces it has granted director and employee incentive stock options to purchase up to 1,800,000 shares at a price of $0.90 for a period of five years.

The foregoing is subject to regulatory acceptance.

On Behalf of the Board, 

"Doug Fulcher"

Doug Fulcher, President 

Abacus Mining and Exploration Corp.
Doug Fulcher or Paddy Nicol
(604) 682-0301
Fax: (604) 682-0307

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.

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.

You can view the Next News Releases item: May 4, 2006,Abacus Intersects 432 Metres Of 0.50 % Copper And 0.31 g/t Gold Below Ajax Pit

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