Ajax Project updateWill be presented by Michael McInnis on Wed. Jan. 27th as part of the 2016 Vancouver Mineral Exploration Resource Roundup (www.amebc.ca/docs/default-source/wed/wednesday.pdf?sfvrsn=0). Good opportunity to learn more about project scope and economics. Abstract below Ajax Porphyry Copper-Gold Project Update, Kamloops, BC Michael McInnis, Chairman, President & CEO, Abacus Mining & Development Corp. The Ajax project is located south of Kamloops, BC, and is owned 100 per cent by KGHM Ajax Mining Company, a joint venture company owned 20 per cent by Abacus Mining and Exploration Corp (Abacus) and 80 per cent by KGHM Polska Miedz SA (KGHM SA). The Ajax deposit is an alkaline copper-gold porphyry deposit hosted within the Iron Mask batholith. Mineralization extends to depths of greater than 700 metres, widths exceeding 1000 metres and a strike length exceeding 2000 metres. The mineralization is associated with structural corridors of highly fractured sections of Sugarloaf diorite and Sugarloaf volcanic hybrid units. Mining in the region began in the 1880s and continued intermittently until now. Large-scale mining began in the early 1970s with the discovery of the Afton copper deposit by Chester Millar. Following the acquisition of Millars company by Teck, the Afton mineincluding some ore from two satellite pits and the East and West Ajax pitsoperated from 1987 until 1997. In 2002, Tecks holdings in the Ajax area were acquired by Abacus and several drill campaigns were carried out from 2004 to 2010. In June 2009, a Preliminary Environmental Assessment was completed, which indicated the potential for a robust mining operation capable of processing 60 000 tonnes per day of ore. KGHM Ajax Mining Company was formed in June 2010, following KGHM SAs acquisition from Abacus of a 51% in the Ajax project. A feasibility study (FS) was completed by the joint venture in January 2012 and KGHM SA exercised their option to increase their ownership in the project to 80%. Subsequent to the release of the FS in January 2012, the joint venture company re-evaluated the project design outlined in the study as a result of feedback from Aboriginal groups, the local community and the regulators. A new design concept was developed that revised the tailings location and disposal method and moved the site of the facilities further south from Kamloops. As a consequence of these changes, further engineering studies were undertaken to develop and evaluate the new project scope and design. This work culminated in January 2016 with the completion of an updated technical study and the submission of the environmental assessment/environmental impact statement (EA/EIS) application to the regulators for formal review. This presentation reviews the updated project scope, the layout and the economic parameters of the project.