Abacus Extension of Warrants Approved

Abacus Mining & Exploration Corporation (TSX VENTURE:AME) ("Abacus" or the
"Company") has been notified by the TSX Venture Exchange that its application to
extend the expiry date of the previously issued warrants of the Company
("Warrants") by a further six (6) months has been approved.


The expiry date of the Warrants has now been extended from March 14, 2013 to
September 13, 2013. All other terms and conditions of the Warrants remain the
same. The Warrants were issued pursuant to a non-brokered private placement unit
offering completed on March 14, 2012. Each Warrant is exercisable to purchase
one common share at a price of C$0.32 per common share.


On Behalf of the Board,

ABACUS MINING AND EXPLORATION CORPORATION

James D. Excell, President & CEO

Ian M. MacNeily, Executive Vice President & CFO

About Abacus

Abacus is a mineral exploration and mine development company with a 20% interest
in the feasibility stage Ajax copper-gold project located near Kamloops, B.C.
The Ajax Project is a joint venture between Abacus Mining & Exploration
Corporation and KGHM Polska Miedz S.A. ("KGHM") through KGHM Ajax Mining Inc.
("KGHM Ajax"), and is operated by KGHM International Ltd., a subsidiary of KGHM.


The Ajax project NI 43-101 Feasibility Study supports production of a total of
2.5 billion lbs of copper and 2.28 million ozs of gold in concentrate, or an
average of approximately 109 million lbs of copper and 99,000 ozs of gold
annually, over a 23 year mine life. Total proven and probable mineral reserves
are estimated at 3 billion lbs Cu and 2.7 million ozs Au at 0.27% Cu and 0.17
g/t Au based on $2.50 Cu and $1,085 Au. The proposed mine plan envisages a
conventional open pit operation processing 60,000 tonnes per day or 21.9 million
tonnes per year of ore. (see Report titled "Ajax Copper/Gold Project --
Kamloops, British Columbia Feasibility Study Technical Report" by Wardrop (a
Tetra Tech Company) dated January 6, 2012 ("FS")).


Forward-Looking Information

This release includes certain statements that are deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address events or developments that Abacus 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 changes to commodity prices,
mine and metallurgical recovery, operating and capital costs, foreign exchange
rates, ability to obtain required permits on a timely basis, exploitation and
exploration successes, 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Abacus Mining & Exploration Corporation
James D. Excell
President & CEO
jexcell@amemining.com


Abacus Mining & Exploration Corporation
Ian M. MacNeily
Executive Vice President & CFO
(647) 345-0826
imacneily@amemining.com


Abacus Mining & Exploration Corporation
(604) 682-0301
(604) 682-0307 (FAX)
info@amemining.com
www.amemining.com

Abacus Mining and Explor... (TSXV:AME)
過去株価チャート
から 5 2024 まで 6 2024