Abacus completes its non-brokered private placement
TSX Venture Exchange Symbol: AME
P.O. Box 10127, Suite 1500, 701 West
Georgia Street Vancouver, B.C. V7Y
1C6 Canada Tel: 604.682.0301
email: [email protected]
website: www.amemining.com
Abacus completes its non-brokered private placement
Vancouver, BC – January 19, 2026 . Abacus Mining & Exploration Corporation (“ Abacus” or the
“Company”) (TSXV: AME) is pleased to announce the closing of its non -brokered private placement of
units (the “Private Placement”), as announced on December 8, 2025, January 6, 2026 and January 12,
2026, pursuant to which the Company raised total gross proceed of $ 371,250, and issued 14,850,000
units (“Units”) at a price of $0.025 per Unit. Each Unit consists of one common share of the Company (a
“Share”) and one -half of one common share purchase warrant (a “ Warrant”), with each full Warrant
exercisable to purchase one Share at a price of $0.05 per Share until January 19, 2029.
All securities issued in connection with the Private Placement are subject to a statutory four month hold
period expiring May 20, 2026, and the Private Placement is subject to final acceptance by the TSX Venture
Exchange (the “TSXV”).
The Private Placement was offered to existing shareholders of Abacus who were permitted to subscribe
pursuant to British Columbia Instrument 45 -534 – Exemption from Prospectus Requirements for Certain
Trades to Existing Security Holders, as well as under other available prospectus exemptions.
Proceeds from the Private Placement will be applied towards the Company’s general working capital.
The Company has a 100% interest in the Willow copper-molybdenum property, and it holds a lease on
the adjacent Nev -Lorraine copper -molybdenum propert y near Yerington, Nevada, as well as a 20%
interest carried to production in the advanced Ajax copper-gold development project in B.C. Investors are
referred to the Company website for the latest news and project descriptions.
Certain insiders of the Company have acquired securities under the Private Placement . Any such
participation is considered to be a “related party transaction” as defined under Multilateral Instrument 61-
101 – Protection of Minority Security Holders in Special Transactions (“MI 61 -101”). The Private
Placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-
101 as the Company is listed on the TSXV and neither the fair market value of securities issued to related
parties nor the consideration paid by related parties exceeds 25% of the Company’s market capitalization.
The Company will file a material change report in respect of the Private Placement. However, the material
change report may be filed less than 21 days prior to the closing of the Private Placement , which is
consistent with market practice and the Company deems reasonable in the circumstances.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered
or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in
Regulation S under the 1933 Act) absent such registration or an applicable exemption from such
registration requirements.
On Behalf of the Board,
ABACUS MINING & EXPLORATION CORPORATION
Paul G. Anderson, P. Geo.
President, CEO and Director
(604) 682-0301
About Abacus
Abacus is a mineral exploration and mine development company currently focused on copper and gold in B.C. and Nevada.
The Company’s main asset is a 20% ownership interest, together with KGHM Polska Miedź S.A. (80%), in the proposed
copper-gold Ajax Mine located southwest of Kamloops, B.C., which has undergone a joint provincial and federal
environmental assessment process. On December 14, 2017, a decision was made by the B.C. Minister of Environment and
Climate Change Strategy and the Minister of Energy, Mines and Petroleum Resources to decline to issue an environmental
assessment certificate for the Project. KGHM have recently reopened an office in Kamloops, B.C. to facilitate First Nation,
community and governmental engagement in order to advance the project towards a potential resubmission of the
environmental application.
Abacus also owns a 100% interest in the Willow copper-gold property located near Yerington, Nevada, and it controls the
contiguous Nev-Lorraine claims subject to a ten-year lease agreement.
For the latest reports and information on Abacus’ projects, please refer to the Company’s website at www.amemining.com.
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 si milar
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 per formance 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.