AME Abacus Mining and Exploration Corporation

Abacus Mining & Exploration Corporation ("Abacus" or the "Company") (TSX
VENTURE:AME) is pleased to announce the appointment of Ms. Donna Yoshimatsu as
Director of Investor Relations, effective immediately.


Prior to joining Abacus, Ms. Yoshimatsu has held senior investor relations and
communications positions developing key strategies to maximize shareholder
value. Most notably, Ms. Yoshimatsu worked with SNC Lavalin Group, Franco-Nevada
and Euro-Nevada Mining, Beutel, Goodman Investment Counsel, and a number of
TSX-Venture listed companies. She holds a Bachelor's degree in Languages,
Linguistics, and English Literature from the University of Toronto. Ms.
Yoshimatsu has completed the Canadian Securities Course and Level II of the
Chartered Financial Analyst program. She is a long standing member of the
Canadian Investor Relations Institute and serves in its mentorship program for
capital markets.


The Company and Ms. Yoshimatsu have entered into an Agreement (the "IR
Agreement") whereby Ms. Yoshimatsu will, from her base in Toronto, provide
investor relations, communications and corporate finance services to the
Company, which will be focused on analysts and institutional investors in
Toronto and throughout North America. The IR Agreement is subject to TSX Venture
Exchange acceptance and is for an initial one year term (including a three month
probationary period), and renewable thereafter annually at the mutual agreement
of the parties. For her services under the IR Agreement, Ms. Yoshimatsu will
receive compensation of $5,500 per month and has been granted 100,000 incentive
stock options at a price of $0.25 per share, for a period of five years from the
date of grant. Other than such stock options and her position as set forth in
the IR Agreement, the Company understands that Ms. Yoshimatsu does not, directly
or indirectly, have any interest in the Company or any securities of the
Company.


About the Company

Abacus Mining is a junior exploration and development company with a 43-101
compliant positive preliminary economic assessment report (announced June 22,
2009) for its Ajax copper/gold project located 10 km southwest of Kamloops,
British Columbia. The report contemplates a 60,000 tonne per day operation
producing an average 106 million pounds of copper and 99,400 ounces of gold in
concentrate annually. Sensitivity analyses approximating metal prices (US$2.75
per pound copper and US$1,000 per ounce gold) in the assessment indicate a NPV
of $1.2 billion discounted 8% over a 23 year mine life, with an IRR of 31.3%,
cash costs of $0.90 per pound copper, and payback of 2.3 years. The Ajax
extension remains open along strike and at depth.


On Behalf of the Board

ABACUS MINING & EXPLORATION CORPORATION

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
Corporation (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. Except
as required by applicable securities laws, 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.

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