FS First Star Resources

Abacus Mining and Exploration Corporation ("Abacus" or the "Company") (TSX
VENTURE:AME) announces that KGHM International Ltd., a wholly owned subsidiary
of its joint venture partner and operator of the Ajax Project near Kamloops,
B.C. has made modifications to the site plan wherein several of the proposed
mine's industrial facilities have been moved farther from the City of Kamloops. 


The new site plan represents an important adjustment to the Ajax Project as it
concentrates mine activities to reduce the potential for adverse impacts from
industrial activity to the city, nearby residents and other public
infrastructure while optimizing the value of the project. 


It is envisioned that these changes, brought about in consultation with the
neighbouring communities and by listening to their concerns over several months,
will have a positive effect on the timely finalization of the Environmental
Assessment (EA) Application/EIS and resulting approval from the regulatory
agencies 


The key changes include: 



--  Redesign of the tailings storage facility from the previously proposed
    dry stack tailings storage to a more proven wet tailings technology. The
    tailings storage facility will be located closer to the mine operations.
--  Relocation of a waste rock storage facility, the mine processing plant,
    primary crusher and temporary ore stockpiles. These sites, formerly
    situated inside City of Kamloops limits, will now be located more than
    3.5 kilometers from the nearest city neighbourhoods and outside
    municipal boundaries.  



The concentrated mine footprint means fewer roads, haul trucks will drive
shorter distances, which are designed to considerably decrease on-site truck
traffic, emissions and dust. Further details of the new general arrangement are
available at www.ajaxmine.ca. For a brochure on the Ajax Project including a map
of the new site plan, please follow this
http://media3.marketwire.com/docs/ame0529ajax.pdf.


Permitting Timeline

The EA Application/EIS is expected to be submitted at the end of the first
quarter in 2015 whereupon a 30-45 day assessment period will determine whether
the application will be received for formal review. This review process is
expected to take approximately one year in parallel with which the MEMA permit
application will be submitted. This schedule will enable mine construction to
begin as early as the second quarter of 2016 with production commencing towards
the end of 2018. A number of potential delays associated with material changes
or additions to the AIR/EIS guidelines may prolong this schedule. Other risks
and uncertainties are listed in the Company's regulatory filings on Sedar
(www.sedar.com) or its website (www.amemining.com). 


2014 Work Programme 

A major work programme is planned for 2014 consisting of various permitting
activities, detailed engineering work, metallurgical test work, optimization
studies and exploration and condemnation drilling. The objective of the
exploration drilling programme, estimated to comprise 13,500 metres, is to
identify potentially economic mineral resources close to the Ajax mining complex
for future resource definition, as well as to test several highly-prospective
regional targets outside the Ajax area, which resources could add significant
value to the project. 


Abacus currently has $16 million in the Ajax escrow account that is anticipated
to be sufficient for its proportionate share of the cash calls for the year's
programme. 


On Behalf of the Board, ABACUS MINING AND EXPLORATION CORPORATION

Michael McInnis, Chairman, President & CEO

About Abacus

Abacus is a mineral exploration and mine development company with a 20% interest
in the feasibility stage Ajax copper-gold project located at the historic
Ajax-Afton site southwest of Kamloops, B.C. Through a joint venture between
Abacus Mining & Exploration Corporation and KGHM Polska Miedz S.A. through KGHM
Ajax, the Ajax Project is a proposed open-pit mine with an approximate 20-year
mine life expected to yield approximately 109 million pounds of copper and
99,000 ounces of gold annually. Total proven and probable mineral reserves are
estimated at 3 billion lbs Cu and 2.7 million ozs Au at 0.27% Cu and 0.17 g/t Au
based on $2.50 Cu and $1,085 Au. (see Report titled "Ajax Copper/Gold Project --
Kamloops, British Columbia Feasibility Study Technical Report" by Wardrop (a
Tetra Tech Company) dated January 6, 2012 ("FS")). 


Forward-Looking Information

This release includes certain statements that are deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address events or developments that Abacus expects to occur, are
forward-looking statements. Forward-looking statements are statements that are
not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although the Company believes
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in the forward-looking
statements. Factors that could cause the actual results to differ materially
from those in forward-looking statements include changes to commodity prices,
mine and metallurgical recovery, operating and capital costs, foreign exchange
rates, ability to obtain required permits on a timely basis, exploitation and
exploration successes, continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that
any such statements are not guarantees of future performance and actual results
or developments may differ materially from those projected in the
forward-looking statements. Forward-looking statements are based on the beliefs,
estimates and opinions of the Company's management on the date the statements
are made. Except as required by applicable securities laws, the Company
undertakes no obligation to update these forward-looking statements in the event
that management's beliefs, estimates or opinions, or other factors, should
change. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Abacus Mining and Exploration Corporation
Michael McInnis
Chairman, President & CEO
604.682.0301
604.682.0307 (FAX)
info@amemining.com
www.amemining.com

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