VANCOUVER, BC July 10th, 2008 Abacus Mining & Exploration Corp. ("Abacus" or "the Company") (TSX.V:AME) is pleased to announce the appointment of Mr. Victor Lazarovici to the board of directors. The appointment of Mr. Lazarovici represents another major step forward in adding the expertise to the board of directors of Abacus. Victor Lazarovici has twenty years experience as a highly ranked Global Metals and Mining Analyst, with extensive prior broad industry experience in the corporate sector.

"We are extremely pleased to have attracted an individual with Victor Lazarovici's experience and qualifications," said Doug Fulcher, President and CEO. "With the appointment of Mr. Lazarovici we continue to build the board of Abacus with the expertise to develop our Afton project and create shareholder value."

Victor Lazarovici has worked as a highly ranked and successful global metals and mining analyst for the past twenty years. Prior to entering the financial sector as an analyst, he spent over 14 years in the corporate sector in engineering, financial management and corporate development roles. Most recently Mr. Lazarovici was the Managing Director and Senior Base Metals and Minerals Analyst for BMO Capital Markets in New York. There, he led a team of analysts covering the base metals sector that was consistently ranked amongst the top tier in all of the major Canadian polls of institutional investors. Mr. Lazarovici has also served as a Managing Director and Senior Metals Analyst for Smith Barney, where he was consistently ranked in the top tier of Wall Street mining and metals analysts in all of the major US polls of institutional investors. He is the only analyst to receive the top honour in both the Canadian and US Greenwich Associates surveys. He also worked at UBS, HSBC, and Scotia Capital.

As an analyst, Mr. Lazarovici expertise includes extensive first hand knowledge and coverage of the global base and precious metal producers' operations, having toured most major mineral camps and mines around the world. He also has an in-depth understanding of the macro-economic factors as they impact the industry and has extensive experience in short and long term forecasting of metal prices. He maintains an excellent relationship with his peers and is a past President of the Metals Analyst Group of New York, and is highly regarded for his knowledge of the North American and Latin marketplace.

Mr Lazarovici holds an MBA from York University in Downsview, Ontario and a B.Eng. from Sir George Williams in Montreal, Quebec.

On Behalf of the Board,
ABACUS MINING & EXPLORATION CORPORATION

"Doug Fulcher"

Doug Fulcher,
President and Chief Executive Officer
 

Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Abacus Mining and Exploration Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.