September 6, 2003
Shares For Debt

Abacus Mining and Exploration Corp. (the "Company") announces it has agreed to settle up to $125,000 of outstanding debt by the issuance of up to 694,444 units at a price of $0.18 per unit. Each unit will consist of one common share and one share purchase warrant. Each share purchase warrant will entitle the holder to acquire one common share exercisable for a period of two years from the date of closing at a price of $0.24 per share.

The foregoing is subject to regulatory acceptance.

On Behalf of the Board,


"Doug Fulcher"
Doug Fulcher

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: October 8, 2003,Abacus Steps Up Exploration On Afton Project

You can view the Previous News Releases item: February 28, 2003,Mr. Doug Fulcher Appointed President And Ceo/Mr. Robert Friesen Appointed To The Board

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