ABO RESOURCE CORP. - SIGNIFICANT NEW DISCOVERY AT USPALLATA PROJECT, ARGENTINA.

VANCOUVER, B.C.--(BUSINESS WIRE)--June 19, 1995--Abo Resource Corp. ("Abo")(VSE: ABU) announces that it has received positive assay results from the first six drill holes from the El Salado Property within the Uspallata Project, Argentina. Management believes that these results represent a major new discovery in the Uspallata copper/gold porphyry belt. El Salado, the first prospect to be drill tested, is one of several copper/gold targets outlined on the 400,000 hectare Uspallata Project.

The initial drill program at El Salado consists of 15 reverse circulation drill holes. The drill holes are widely spaced over a large zone of surface alteration and mineralization measuring at least 1,000 meters by 1,000 meters (see map). Assay results from the first six holes are as follows: -0-

Drill Hole    From-To    Interval     Copper        Gold
             (meters)    (meters)   (per cent)   grams/tonne

95-01      0.0 -  59.4     59.4        0.50         0.25
    or     0.0 - 152.4    152.4        0.36         0.23
95-02     25.9 - 152.4    126.5        0.31         0.25
95-03     38.1 - 152.4    114.3        0.25         0.21
95-04     51.8 - 103.6     51.8        0.41         0.16
95-05     45.7 - 152.4    106.7        0.13         0.08
95-06     21.3 -  65.2     44.2        0.30         0.18

The Company anticipates receiving assay results from the remaining nine holes of the initial drill program in two to three weeks. Based on these initial positive results, an extensive second phase drill program is planned to commence this July on El Salado and other prospects on the Uspallata Project. The exploration budget for the property is over US$ 4 million.

Management believes that these copper/gold grades over such lengths and over such an extensive area demonstrate the potential for El Salado to host a large copper/gold porphyry ore deposit similar to other well known deposits in Argentina and Chile.

The Uspallata Project covers approximately 400,000 hectares within a 350 kilometer long belt in Mendoza and San Juan provinces, west- central Argentina. The infrastructure in the area is excellent and the climate allows for year round working conditions. In addition to the El Salado drilling, exploration work to date has consisted of a 16,000 line kilometer aerial magnetic survey, extensive ground geophysics and geochemistry. This work has identified a series of porphyry copper/gold prospects spread throughout the project area. Detailed surface exploration is underway on a number of these targets in anticipation of drilling in the near future.

Abo has an option to earn up to 50 per cent of the Uspallata Project from Argentina Mineral Development S.A. ("AMD"). AMD is 47.5 per cent owned by Climax Mining Limited, an Australian public company. Bema Gold Corporation is the majority shareholder in Abo and provides ongoing technical and management assistance to the Company.

On Behalf of ABO RESOURCE CORP.

Roger Richer President

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NOTE: Location map available from the Company at the phone number listed above.

The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. Abo Resource Corp. trades on the Vancouver Stock Exchanges Symbol "ABU".

CONTACT: Abo Resource Corp.

Don Halliday, 604/681-8371