Abington Resources Ltd.: Arizona Claims Staked/New Private Placement

Abington Resources Ltd. (TSX VENTURE:ABL)(PINK SHEETS:ABIZF) is pleased to
announce the staking of additional claims relating to our recently announced
Arizona gold property acquisition, the close of one private placement, and the
arrangement of a new private placement.


The Company has staked forty (40) lode claims to form one contiguous block on
our Treasure King gold property near Prescott, Arizona. These lode claims tie
together the one horizontal and three vertical shafts located on our optioned
ground.


Abington has arranged a non-brokered private placement of up to 1,000,000 units
at a price of $0.90 per unit, for total gross proceeds of up to $900,000 subject
to regulatory approvals. Each unit will consist of one common share and one
transferable common share purchase warrant expiring 24 months after closing.
Warrants are exercisable at a price of $0.90 during the first year and $1.10 in
the second year. One (1) warrant shall be required for each one (1) common share
at the exercise price. Proceeds will be used for work programs including
exploration and development of the Treasure King Property, maintenance,
upgrading, and development drilling on the Company's existing petroleum
properties as well as working capital.


This latest private placement comes after the regulatory acceptance for filing
on January 21/10 of our non-brokered private placement of 1,000,000 units at a
price of $0.60 per unit, for total gross proceeds of $600,000. Each unit
consists of one common share and one non-transferable common share purchase
warrant exercisable at $0.65 for 24 months.


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 and will not be responsible for any loss or damage
arising from the use of this information. We seek safe harbour."