Abacus Extension of Warrants Approved

Abacus Extension of Warrants Approved 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/13/13 -- 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, 
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
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. 
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Abacus Mining & Exploration Corporation
James D. Excell
President & CEO
Abacus Mining & Exploration Corporation
Ian M. MacNeily
Executive Vice President & CFO
(647) 345-0826
Abacus Mining & Exploration Corporation
(604) 682-0301
(604) 682-0307 (FAX)
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