Mr. Paul Anderson reports

ABACUS ANNOUNCES SHARE ISSUANCE TO ALMADEX

The TSX Venture Exchange has accepted for filing the issuance of two million shares of Abacus Mining & Exploration Corp. to Almadex Minerals Ltd. as part of its agreement to extend the option period on the Willow, Nevada, copper-molybdenum porphyry property.

The company also announces that the 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, 1.08 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 five 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 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 Mied 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 in order 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 up to a 75-per-cent ownership interest, and the contiguous Nev-Lorraine claims subject to a 10-year lease agreement.

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