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Abacus Updates Ajax Copper-Gold Project, B.C.

Abacus Mining & Exploration Corporation (AME.V) announced that in a letter addressed to the community of Kamloops, B.C., the operator of its 20% interest Ajax copper-gold project, KGHM International Ltd. provided assurance of its commitment and expertise to advance the Ajax copper-gold project to the highest social and environmental standards.

"We have dedicated all necessary resources, both internal and external, to ensure that our approach to the development of this project is socially and environmentally responsible, innovative yet sound, and technically viable," KGHMI said in the letter. "We are committed to earning the social license needed to develop this project and to gain the community's trust by demonstrating that we will build and operate the Ajax mine according to the same high standards to which we conduct all of our operations."

Since taking over operatorship of the Ajax project, KGHMI has appointed a new management team to the project and is continuing to advance the permitting process while conducting a technical review. Public information sessions are being planned for January 2013.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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