AME Abacus Mining and Exploration Corporation

Abacus Mining & Exploration Corporation ("Abacus") (TSX VENTURE:AME) is pleased
to announce that pursuant to the agreement signed with New Gold Inc. ("New
Gold") on March 19, 2008, Abacus has earned a 100% interest in certain mineral
claims surrounding the Company's wholly owned Ajax copper-gold properties. New
Gold has elected to retain a 10% Net Profits Interest Royalty ("NPI") in the
mineral claims.


"Completing the earn in has allowed Abacus to move forward aggressively with the
development of its Ajax property," states Doug Fulcher, President and CEO. "Key
milestones have been the delineation of a significant copper-gold resource and
the successful completion of the Preliminary Economic Analysis. We are now
focused on completing the Prefeasibility Study that contemplates a 60,000 tonne
per day mining operation and a resource containing over 2.6 billion pounds
copper and over 2.4 million ounces gold."


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 kilometres 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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