Absolut Expands Pico Machay, Advances Towards Pre-Feasibility Study and Production Decision.

TORONTO -- Absolut Resources Corp. (TSX VENTURE:ABS) is pleased to announce that it has received final assays for the last 16 holes of its most recent drilling campaign. Results continue to be positive and expand the mineralization. Highlights include holes ABS-187 intersecting 40m @ 0.98 g/t Au, ABS-183 intersecting 27m @ 1.03 g/t Au and ABS-165 intersecting 21m @ 1.02 g/t Au.

Work slated for the first half of 2006 is aimed at advancing Pico Machay towards a production decision and includes an update of the Resource Calculation and a round of diamond drilling for detailed metallurgical test work and geotechnical engineering. In addition, continued reverse circulation drilling will be completed to both expand the zone of known mineralization, and to test recently identified high priority targets located within the project area.

Pico Machay is characteristic of a high-sulphidation, epithermal gold system. The geological model has been repeatedly tested and additional drilling continues to delineate and expand the resource base. The Company previously announced an independent preliminary Mineral Resource Estimate indicating an inferred resource of 580,000 ounces of gold at the Pico Machay Gold Project (see news release Sept.26, 2005).

Absolut Results are tabulated below:

Drill Hole Au Grade Summary

                            Length     Grade
Hole        From       To       (m)  (g/t Au)
---------------------------------------------
ABS-176     No Significant Results
---------------------------------------------
ABS-177      5.5     10.0      4.5     0.432
---------------------------------------------
ABS-178      5.5      7.0      3.0     1.005
            53.5     56.5      3.0     0.682
---------------------------------------------
ABS-179     No Significant Results
---------------------------------------------
ABS-180     No Significant Results
---------------------------------------------
ABS-181     94.0     97.0      3.0     1.482
---------------------------------------------
ABS-182      2.5      8.5      6.0     0.592
          -----------------------------------
            14.5     20.5      6.0     2.261
          -----------------------------------
            29.5     64.0     34.5     0.770
          -----------------------------------
             100      109        9     0.759
          -----------------------------------
           113.5      127     13.5     0.546
          -----------------------------------
             133      145       12     0.444
---------------------------------------------
ABS-183      1.0      6.0      6.0     0.324
          -----------------------------------
            38.5     46.0      7.5     1.085
          -----------------------------------
            61.0     88.0     27.0     1.035
          -----------------------------------
            94.0     97.0      3.0     0.423
---------------------------------------------
ABS-184      4.0      7.0      3.0     0.378
          -----------------------------------
            17.5     20.5      3.0     0.515
          -----------------------------------
            47.5     73.0     25.5     0.601
            82.0    103.0     21.0     1.020
---------------------------------------------
ABS-185     17.5     23.5      6.0     1.618
          -----------------------------------
            38.5     44.5      6.0     0.392
          -----------------------------------
            50.5     61.0     10.5     0.538
---------------------------------------------
ABS-186     No Significant Results
---------------------------------------------
ABS-187        0       40       40     0.983
---------------------------------------------
ABS-188       22     38.5     16.5     1.533
---------------------------------------------
ABS-189     56.5       64      7.5     1.427
          -----------------------------------
              70       76        6     0.416
---------------------------------------------
ABS-190     No Significant Results

- Intersections are calculated using a 0.3 g/t Au
  cut-off and up to 1.5m of internal dilution

Absolut has implemented a quality control program to ensure best practice in chemical sampling and analysis of surface and reverse circulation drilling samples.

Absolut is also pleased to announce that it Mr. Wayne Acton has been appointed to the position of Chief Financial Officer of the Company.

Wayne Acton C.A., MBA brings over 20 years of financial experience to the Company. Mr. Acton's education includes a B. Comm from Carlton University and an MBA from the University of Toronto in 2001. Wayne was designated a Chartered Accountant in 1981. His focus throughout his career has been the restructuring financial service companies, most recently as Senior Vice President of Canada Deposit Insurance Corp. The Board welcomes Wayne to its management team as an officer of the Company. In a concurrent move, Mr. Allan Ibbittson, previous CFO for Absolut, has stepped down from the position. The Board would like to thank Allan for his efforts.

Absolut Resources Corp. is a precious metals exploration and development company based in Toronto, Canada. Absolut strongly believes in an international best practices approach, and implements this on all its social and environmental decisions. Absolut has implemented a quality control program to ensure best practice. The required qualified person for the Pico Machay Gold Project is Mr. Dan Noone who is a member of the Australian Institute of Geoscientists.

This press release contains forward looking statements. The actual results could differ materially from a conclusion, forecast or projection in the forward-looking information. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information.

The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release.

Absolut Resources Corp. (TSX VENTURE:ABS)