NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

VANCOUVER, British Columbia, March 02, 2022 (GLOBE NEWSWIRE) -- Further to its news releases dated February 23, 2022 and February 28, 2022, Abacus Mining & Exploration Corporation (“Abacus” or the “Company”) (TSXV: AME) is pleased to announce an increase to the non-brokered private placement (“Offering”), now for proceeds of up to $750,000 through the issuance of up to 12,500,000 units (“Units”) at a price of $0.06 per Unit.