Abacus Mining & Exploration Announces Financing Offer

Abacus Mining & Exploration Corporation plans to raise $400,000 through 20,000,000 units at two cents per unit.

Each unit is one common share of the company and one-half of one non-transferable common share purchase warrant. Each warrant will be exercisable to purchase one common share at five cents per share for three years from the closing date of the offering.

Proceeds from the offering will go towards exploration, general working capital, and a payment of $80,000 related to the Nev-Lorraine property. Recently, Abacus acquired the Willow copper-molybdenum property and holds a lease on the adjacent Nev-Lorraine copper-molybdenum property near Yerington.

The financing is subject to approval by the TSX Venture Exchange.