DM Audra Deposits

The western end of the DM-Audra-Crescent zone lies 1.5 kilometres east of the Afton pit and forms a 1.5 kilometre mineralized trend eastwards toward the junction of the Trans Canada Highway and the Coquihalla Highway. This mineralized trend lies within a 5 kilometre long structural corridor that extends from the Afton Deposit eastwards to the Big Onion deposit, near the Iron Mask industrial area. In the DM-Audra-Crescent area, this structural zone occurs mainly as strong gouge-rich fault which has a well-developed fabric. This fault zone separates the mineralized Cherry Creek monzonite intrusive phase on the north from the older Pothook phase to the south. In 2004, Abacus completed its first diamond drill program on the DM/Audra/Crescent trend. Over 11,300 metres of diamond drilling was completed and was successful in establishing continuity of mineralization between the DM and Audra zones. Drilling highlights in 2004 include drill hole DA-04-006 grading 0.42% copper, 0.26 g/t gold, and 0.08 palladium over 308.9 metres. Copper-gold mineralization at the DM-Audra Zone outcrops at surface, and varies from 20 metres to over 200 metres in thickness, at least 300 metres in depth along a strike length of over 1200 metres. The zone appears to dip steeply to the south.

DM/AUDRA and RAINBOW SUMMARIES

Abacus announced their first two NI 43-101 compliant resources (DM- Audra and Rainbow deposits) in the Afton area in 2004.   A summary of these resources is listed below.  These resources remain open along strike to the west and down dip. Drilling this year is planned to expand the current resources, and to upgrade the resources to the reserve category.  The Company added 19 drill holes totaling 7,158 metres at the Audra Deposit in 2006.  Highlights of this drilling include (DA 06-039 with 69 metres of 0.67% Cu and 0.35 g/t Au and DA06-054 with 132 metres of 0.42% Cu and 0.33 g/t Au)

NOTE: The above resource numbers represent a global inferred and indicated resource and further work is needed to determine the economic viability of the deposits. .