Abacus Attains 100 Percent Ownership of Trio Broadguage Claims.

VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--June 26, 1997-- ABACUS MIN. (VSE AMC.) Abacus Minerals Corporation ("the Company") announces it has reached an agreement with several individuals living in the United States (collectively "the owners") which will see the Company acquire the remaining 62 percent interest in the Trio/Broadguage patented claims situated within the Company's Niblack property in southeast Alaska.

The Trio/Broadguage claims lie approximately 2000 feet east of the Lookout zone where Abacus earlier this year announced a drill indicated resource of 1,800,000 tons grading 0.117 oz/t gold, 1.37 oz/t silver, 1.50 percent copper, and 2.64 percent zinc. The Lookout zone is open in all directions and the Company's geological consultants rate the chances of expanding this resource as extremely high.

Over the past 17 years, only one hole was drilled at the Trio/Broadguage claims because of ownership complications. Drill hole LO-19 intersected 15 feet grading 0.43 percent copper and 3.74 percent zinc. Approximately 800 feet east of drill hole LO-19 is an old adit and trench that exposes intensely altered rocks very similar to the stratigraphy at the Lookout zone.

Surface sampling, mapping, and diamond drilling are planned for the Trio/Broadguage claims in 1997.

Since the commencement of the 1997 drilling program in April this year, two diamond drill rigs have completed approximately 13,000 feet of drilling in 12 holes on the Niblack property. Assay results are expected to be received in early July and will be announced at that time.

The Company has approximately $4.5 million in the treasury and has sufficient funds to complete the 35,000 foot drill program planned for 1997 at the Niblack project and a diamond drill program at La Manchuria project in Argentina. The exploration at La Manchuria is to test surface trenching including trench TR-1 grading 1.48 g/t gold and 57.70 g/t silver over 110 metres and trench TR-2 grading 1.37 g/t gold and 14.89 g/t silver over 180 metres. This program is expected to commence in the latter quarter of 1997. Under the terms of the agreement with Barrick Gold Corporation, Abacus must spend at least US$500,000 on its Argentina properties in its first year.

ABACUS MINERALS CORPORATION

"Steve Todoruk" Steve L. Todoruk, P. Geo., President -0-

The Vancouver Stock Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this release.

CONTACT: Abacus Minerals Corporation

Paddy Nicol, 604/ 682-0301 / 1-800-811-5388

604/ 682-0307 (FAX)

E-mail: [e-mail]

Website: http://www.stockgroup.com/amc.html