Ableauctions to Host the Westbridge Fine Art ''David Edwards Collection Auction''.

VANCOUVER, British Columbia -- Ableauctions.com (AMEX:AAC) announced today that it will host the Westbridge Fine Art "David Edwards Collection Auction" on August 26, 2006, through its subsidiary iCollector.com. Highlights of the auction include the paintings "Blue Door," "Old White Vase," "Magic Hour," "After Glow," "Prelude II" and "Paris Pink Roses."

Edwards, David J. (1944 - ). Born in Essex, England, Edwards immigrated to Canada in 1957, residing first in Toronto, Ontario, before moving to Calgary, Alberta, in 1960. He had an art gallery in Calgary, and later in Vancouver, British Columbia, and was also a fine art restorer. A landscape, floral still-life and semi-abstract painter, he works in acrylic and uses both brush and palette knife. Although largely self-taught, his early more representational style was influenced by the work of John Constable, while his later work shows the influence of French minimalist, Nicolas de Stael. He lives in Vancouver.

Anthony Westbridge is well known to the Canadian and international art auction community as publisher and editor of the "Westbridge Art Market Report," a bi-monthly art market newsletter, the "Canadian Art Sales Index" (now in its 27th year), and the much-heralded "Collector's Dictionary of Canadian Artists at Auction." He is also author of "Made in Canada! An Investor's Guide to the Canadian Art Market," and "How to Make Money Selling Art at Auction." Anthony has been an art dealer in Vancouver for more than 25 years, specializing in 19th and early 20th century paintings, and an auctioneer of fine art for the past three years.

About iCollector.com

iCollector.com is the pre-eminent supplier of live online auction technology and services to some of the world's most prestigious galleries and industrial auction houses and operates one of the largest eBay Live Auction sales and support centers in the world. It is the only auction technology company to be endorsed by the National Auctioneers Association (NAA) and has partnered with eBay Live Auctions in streamlining the process of broadcasting auctions real-time on the Internet. iCollector's technology enables auction houses to open their establishments to the world by allowing online bidders to participate in real-time on the auction floor.

Visit www.icollector.com or www.icollector.com/ourTechnology.aspx.

About Ableauctions.com

Ableauctions.com Inc. (AMEX:AAC) is a high-tech liquidator and online auction facilitator that operates the domains iCollector.com, NAALive.com and Unlimited Closeouts.com.

As an online auction facilitator, the Company, with the experience of over 3,000 auctions, has developed state-of-the-art technology to broadcast auctions over the Internet (www.ableauctions.com/technology) and currently provides the technology and related services to auction houses, enabling them to broadcast auctions over the Internet. The Company broadcasts business and industrial auctions over the Internet for auctioneers and members of the National Auctioneers Association (NAA) and art, antique and collectible auctions for numerous galleries and auction houses around the world through eBay Live Auctions.

As a liquidator, the Company, through Unlimited Closeouts, purchases overstocks, order cancellations and discontinued products from major manufacturers and importers, then sells the merchandise to major retail chains, other resellers or the public.

For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com. For more information, contact Investor Relations at [e-mail].

This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and the Company's business strategy. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the performance of our staff, loss of management personnel, an inability to obtain financing as and when we need it, competition from other online auction businesses, our ability to implement or manage our expansion strategy, general economic conditions, our ability to license our software to other auction houses, our ability to acquire profitable companies and integrate them into our business successfully and other factors that are detailed in our Annual Report on Form 10-KSB and on documents we file from time-to-time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. E.&O.E.