VANCOUVER, B.C. April 24, 2009 -- Abacus Mining & Exploration Corporation (the "Company") (TSX.V:AME) announces that it has agreed to re-price 1,000,000 previously granted incentive stock options to one officer to a price of $0.14. The stock options had originally been granted at a price of $0.43 per share.

The forgoing is subject to acceptance of the TSX Venture Exchange and disinterested shareholder approval at the Company's next Annual General Meeting.

On Behalf of the Board
ABACUS MINING & EXPLORATION CORP.

Doug Fulcher
President and Chief Executive Officer

Contact: Tim Mikula, Investor Relations 866-834-0301

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.