Abacus and Teck Pleased With 1997 Results; Time to Start Looking at Underground Options.

VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 25, 1997-- ABACUS MIN. (VSE AMC.) Abacus Minerals Corporation has completed the 1997 surface drilling program on the Niblack property and is currently in the process of evaluating the possibility of an underground exploration program for 1998.

The most recent holes confirmed the potential for significantly expanding the known resource at Niblack. Two of the final holes were drilled to test the down dip extension of the stringer mineralization intersected in LO-149 (previously released) on the western portion of the Lookout Zone. Both LO-152 and LO-153 intersected very wide zones (greater than 250 feet) of stringer pyrite / copper mineralization. Within these wide zones LO-152 intersected 1.06 percent copper over 9.0 feet and LO-153 intersected 1.33 percent copper over 21 feet. Management believes these holes represent a feeder zone and therefore indicate very strong potential for additional mineralization down dip.

LO-151 was drilled to further explore the mineralization intersected in LO-147 (previously released) on the eastern portion of the Lookout Zone. The hole intersected 1.20 feet of massive sulphide grading 0.163 oz/t gold, 3.1 oz/t silver, 0.18 percent copper, and 28.10 percent zinc up dip from its intended target depth. This hole indicates the potential for finding additional mineralization within the drilled portion of the Lookout Zone.

LO-154 was drilled on the western margins of the Lookout zone to test the up dip continuity of mineralization intersected in LO-150 (previously released). A 10.5 foot section of massive pyrite mineralization with anomalous gold and copper mineralization was intersected 700 feet above the known mineralized horizon. This massive sulphide intercept opens up an entirely new area for exploration and demonstrates the enormous potential to discover additional reserves at Lookout.

Both Abacus and Teck Corporation are encouraged by the results from the 1997 program. Abacus and its consultants have begun studies to determine the feasibility of an underground exploration program for 1998. Studies underway include metallurgical testing, environmental studies, preliminary cost scoping and underground planning as well as updating the drill indicated resource. Permitting will begin immediately with state agencies for possible underground exploration. This process is estimated to take 4-6 months.

Argentina Update

Abacus personnel are leaving on September 27th to set up logistics and begin exploration of the Company's six projects in Santa Cruz, Argentina which are being optioned from Barrick Gold Corp. A $750,000 program will commence in mid October which will see continued trenching completed on the La Manchuria property before the end of November followed by a 2000 metre RC and diamond drilling program in mid-January 1998.

ABACUS MINERALS CORPORATION "Steve Todoruk" Steve L. Todoruk, P. Geo., President -0-

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

CONTACT: Abacus Minerals Corporation

Steve Todoruk P. Geo., 604/682-0301 or

1-800-811-5388 (Toll Free)

E-mail: [e-mail]

Website: http://www.abacusminerals.com