Abacus Announces Ajax Project Application/EIS Passes Government Screening

Press Release

Vancouver, BC – November 24, 2015. Abacus Mining & Exploration Corporation (“Abacus” or the “Company”) (TSXV:AME) is pleased to announce that the Ajax Project’s Application/Environmental Impact Statement (the ‘Application/EIS’) has passed through the screening process by the B.C. Environmental Assessment Office and has been accepted for formal review. This clears the way for official submission of the Application/EIS to the provincial and federal governments.

The Application/EIS, which incorporates extensive work conducted by the independent consultants comprising scientists, engineers and researchers who looked at key environmental, health and social issues, is expected to be officially submitted on January 4, 2016, when it is to be released to the public for full review. This timeframe will allow for revisions in response to comments from First Nations and the Ajax Project Working Group.

Following submission of the Application/EIS, a 75-day public commenting period will take place during which a number of open houses and other initiatives are planned to enhance understanding of its contents, including plain language summaries and fact sheets of key studies. These studies demonstrate the extent to which the Ajax mine has been designed to mitigate the impacts, while providing the maximum benefit to the community.

On Behalf of the Board,
ABACUS MINING & EXPLORATION CORPORATION

Michael McInnis
Chairman, President & CEO

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