Abington Acquires New Gold Project in Nevada

Abington Resources Ltd. (TSX VENTURE:ABL)(PINKSHEETS:ABIZF) - Walter Brenner
announces our intent to enter into an arms-length lease of the Juniper gold
property in Pershing County, Nevada. The property consists of 110 unpatented
lode claims south of Winnemucca.


Terms of the ten-year lease are as follows:

Advance Minimum Royalty Payments: To establish rights for the first year
-$25,000US (paid); First Anniversary - $50,000US; Second Anniversary -
$50,000US; Third Anniversary - $75,000US; Fourth Anniversary - $100,000US
increasing by $25,000 each Anniversary thereafter.


Annual Work Commitments: No commitment for Initial Year or First Anniversary
year, Second Anniversary year - $100,000US; Third Anniversary Year $150,000US,
Fourth Anniversary Year $200,000US increasing by $50,000US each Anniversary year
thereafter. 


The Juniper property will carry a 3% NSR with an option to purchase one
percentage point at $1,000,000 per one-half percentage point.


The general area has a history of both placer and lode deposits. Past
exploration on the property was performed by such companies as Newmont,
Morrison-Knudsen Gold (MK Gold) and others. Abington will announce additional
information on the property following a detailed review of all data available to
us.


The Company also announces the termination of our option to purchase the
Treasure King property in Arizona. After lengthy discussions on the ability to
secure regulatory permits to further advance the project, it was decided that it
would prove to be a very costly and time consuming endeavor. At this stage of
exploration, we chose to abandon the property.


The technical portion of this release has been reviewed by Qualified Person
Laurence Sookochoff, P. Eng.


ABINGTON RESOURCES LTD. is engaged in the acquisition, exploration, development
and production of precious metals and natural resources. The Company has no debt
(other than short-term payables) and derives an income from oil wells in Western
Canada.


ON BEHALF OF THE BOARD

Walter Brenner, Director, President & Chief Executive Officer

"The forgoing is for informational purposes only, and is not to be construed as
an offer to buy or sell securities in any jurisdiction. It may contain
forward-looking statements. While the data compiled by management is from
sources deemed to be reliable, actual future results may vary materially.
Abington Resources Ltd. does not assume the obligation to update any
forward-looking statement. Historically reported results may not be NI 43-101
compliant, therefore caution should be used in relying on such information. We
seek safe harbor."