Jerry Valley Epithermal Gold Property Program Near Completion

VANCOUVER – Abacus Mining & Exploration Corporation reported that drilling on the Jersey Valley epithermal gold property has been completed and that a drill program on the Willow porphyry copper property is currently being finalized. The Company drilled three holes at Jersey Valley, opting to not drill a planned fourth hole, due to adverse conditions experienced by very broken and oxidized rock. These conditions lead the Company to believe that this project would be better suited to Reverse Circulation drilling rather than Diamond Drilling in future programs.

The Jersey Valley gold-silver property occurs in the Battle Mountain trend of north-central Nevada. The property is prospective for epithermal precious metal mineralization in an active hydrothermal environment, similar to the Taupo volcanic zone in New Zealand, and is also prospective for Au-Ag skarns. All samples are now at the lab and the results will be reported for the entire program when received, which is expected over the next month.

The Company is currently organizing a diamond drilling program for its Willow porphyry property in the Yerington copper camp, southeast of Reno, Nevada. Abacus’s past work points to the existence of a fifth porphyry on Willow, the first major discovery in the camp in over 40 years.