Mr. Paul Anderson reports

ABACUS ANNOUNCES GRANT OF STOCK OPTIONS

Abacus Mining & Exploration Corp.'s board of directors has approved the grant of stock options to directors, officers, employees and consultants of the company allowing for the acquisition of up to, in the aggregate, 3.05 million shares of the company. The grant is a result of the company's annual compensation review and the issuance is made under the company's approved stock option plan. The options are exercisable at a price of seven cents per share for a period of five years from the date of grant and are subject to regulatory policies.

About Abacus Mining & Exploration Corp.

Abacus Mining is a mineral exploration and mine development company currently focused on copper and gold in British Columbia and Nevada. The company's main asset is a 20-per-cent ownership interest, together with KGHM Polska Miedz SA (80 per cent), in the proposed copper-gold Ajax mine located southwest of Kamloops, B.C., which has undergone a joint provincial and federal environmental assessment process. On Dec. 14, 2017, a decision was made by the B.C. Minister of Environment and Climate Change Strategy and the Minister of Energy, Mines and Petroleum Resources to decline to issue an environmental assessment certificate for the project. KGHM has recently reopened an office in Kamloops, B.C., to facilitate first nation, community and governmental engagement to advance the project toward a potential resubmission of the environmental application.

Abacus also holds an option on the Willow copper-gold property located near Yerington, Nev., in which it can acquire an up-to-75-per-cent ownership interest and the contiguous Nev-Lorraine claims subject to a 10-year lease agreement.

We seek Safe Harbor.