VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 15, 2017) – Abacus Mining & Exploration Corporation (“Abacus” or the “Company”) (TSX VENTURE:AME) announces that it has signed an option agreement (“Option Agreement”) with Almadex Minerals Limited and its wholly-owned Nevada subsidiary Almadex America Inc. (“Almadex”), to acquire the exclusive right and option to earn, in the aggregate, up to a 75% undivided ownership interest in the Willow Property located in Douglas County of Nevada, USA (“Property”). The Option Agreement provides for Abacus to earn an initial 60% ownership interest (“60% Option Interest”) in the Property, whereupon an additional 15% interest (“Additional Interest”) may be acquired, following which a joint venture agreement between Abacus and Almadex will be established to jointly develop the Property.
