AME Abacus Mining and Exploration Corporation

Abacus Mining & Exploration Corp. ("Abacus" or the "Company") (TSX VENTURE:AME)
is pleased to announce that it has accelerated environmental and socio-economic
studies to support future Environmental Assessment and permitting of the 100
percent owned Ajax copper-gold deposit. Knight Piesold Ltd., an international
group of consulting engineers and environmental scientists, has been retained to
undertake comprehensive studies of aquatic and terrestrial ecosystems, physical
environmental parameters, and socio-economic data. The studies will expand the
significant existing environmental database collected in recent years during
Abacus' exploration programs, and will be coupled with analysis of in situ
parameters created by past mining activities at the site.


Doug Fulcher, president of Abacus states, "We are pleased to have initiated
focused environmental and socio-economic studies to enhance the continued
development of our Ajax deposit. This represents an important step in the
on-going advancement of the Ajax Project and ensures that we will be well
positioned to enter the environmental assessment process."


About the Ajax Project

Abacus is an 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 of approximately 110 million pounds of copper and 100,000
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. Mineral resources
that are not mineral reserves do not have demonstrated economic viability.


Eco Tech Laboratory Ltd. of Kamloops, B.C., will complete all of Abacus'
analytical work on the project. A quality-control program, using specific
standards and blank samples is in place. Robert G. Friesen, P.Geo., the
Company's Senior Geologist, is the Qualified Person responsible for the design
and conduct of the work performed.


On Behalf of the Board,

ABACUS MINING AND 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
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.

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