Mr. Paul Anderson reports

ABACUS ANNOUNCES INCREASED FINANCING TO $550,000

Due to demand, Abacus Mining & Exploration Corp. has increased the non-brokered private placement from gross proceeds of $500,000 to gross proceeds of $550,000 on the issuance of up to 18,333,333 units at a price of three cents per unit.

Each unit will consist of one common share of the company and one-half of one non-transferable common share purchase warrant, with each warrant exercisable to purchase one common share of the company at a price of five cents per common share for a period of three years from the date of closing of the offering.

Proceeds from the offering will be applied toward exploration and for general working capital as well as for payment of $82,500 (U.S.) in respect of a property payment to the owners of the Nev-Lorraine property.

The company holds options and leases on the Willow and adjacent Nev-Lorraine copper-molybdenum properties near Yerington, Nev., and a 20-per-cent interest carried to production in the advanced Ajax copper-gold development project in British Columbia. Investors are referred to the company's website for the latest news and project descriptions.

The offering is being conducted pursuant to available prospectus exemptions, including the exemption to existing shareholders of Abacus who are permitted to subscribe pursuant to British Columbia Instrument 45-534, Exemption from Prospectus Requirement for Certain Trades to Existing Security Holders. If total subscriptions received for the offering exceed the maximum offering amount of $500,000, units may be allocated pro rata among all subscribers qualifying under all available exemptions, unless the company otherwise increases the maximum offering amount.

The financing is subject to TSX Venture Exchange approval. In connection with the offering, certain finders may receive a cash fee and/or non-transferable finder warrants. All securities issued will be subject to a four-month hold period under Canadian securities law.

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 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 British Columbia 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.

We seek Safe Harbor.