AME Abacus Mining and Exploration Corporation

Abacus Mining & Exploration Corporation ("Abacus" or the "Company") (TSX
VENTURE:AME) announces that the Company has agreed to grant 850,000 incentive
stock options at a price of $0.27 per share for a period of five years.


The foregoing is subject to regulatory acceptance.

On Behalf of the Board,

ABACUS MINING AND EXPLORATION CORPORATION

James D. Excell, President & CEO 

Donna Yoshimatsu, Director, Investor Relations

About Abacus 

Abacus Mining is an exploration and mine development company focused on the
development of the Ajax copper-gold project located 10 kms southwest of
Kamloops, B.C. through the KGHM Ajax Joint Venture with KGHM Polska Miedz SA.
The project has a positive preliminary economic assessment report (June 22,
2009) that contemplates a 60,000 tonne per day operation producing an average of
approximately 110 million pounds of copper (approx. 50,000 tonnes) and 100,000
ounces of gold in concentrate annually. Sensitivity analyses approximating metal
prices (US$3.00 per pound copper and US$1,000 per ounce gold) in the assessment
indicate a NPV of $1.46 billion discounted 8% over a 23 year mine life, with an
IRR of 35.4%, cash costs of $0.90 per pound copper, and payback of 2.0 years.
The Ajax extension remains open along strike and at depth. Mineral resources
that are not mineral reserves do not have demonstrated economic viability.


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. 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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