News Releases

ABINGTON TO JOINT VENTURE WITH HELLIX IN ARIZONA

May 12, 2003

NEW EXTENSION ZONE/ABINGTON INTERSECTS VEIN THICKNESS OF 65 FEET

Walter Brenner is pleased to report completion of the first diamond drill hole in the Verdstone Mine V3 (West) area in Arizona. The Company is awaiting assay results while drilling continues on the extension zone. According to Mr. John Stockwell, P. Geol. the first hole # VDC-03-01 “intersected an apparent vein thickness of 65.1’ over the interval 279.6’ – 344.8’ ” The initial results of the first hole are very encouraging based on the data from IP geophysical work recently conducted by the company and past work in the area by Cyprus Amax over 10 years ago.

The first completed hole reached a total depth of 377.7’ on Friday May 2, 2003. Mr. Stockwell has been retained to independently supervise the drilling program and log the core for assay analysis which will be done in Canada. Mr. Stockwell is a “qualified person” under the requirements of National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

As noted in previous press releases of the Company, the area of current drilling is adjacent to the past producing Verdstone Mine (“Verdstone”) located in Arizona’s Sheeptanks Mining District. An initial drill program totaling approximately 2000’ is being undertaken to assess this highly prospective area. Verdstone, according to available engineering summaries, was a past producer from approximately 1989 to 1994. While in production, approximately 500,000 tons of mined veins yielded economic grades of gold and silver.

April 23, 2003

ABINGTON VENTURES STARTS DRILLING VERDSTONE GOLD MINE EXTENSION ZONES

Walter Brenner reports:

Abington Ventures Inc. (the “Company”) drills new extension targets.

Drilling at the Verdstone gold mine commenced on April 22, 2003. The extension targets, identified by recent IP geophysical survey are one of several targets within the Verdstone mine property, west of Phoenix, Arizona.

The series of diamond drill holes in the Verdstone Mine V3 (West) area will test a number of geophysical and geological targets identified during the past few months of exploration. Geophysical surveying defined two new alteration zones of probable gold mineralization designated as Verdstone 3 West (V3W) and Verdstone 4 (V4). Both zones have the same characteristics as, and appear to be extensions of, the previously mined areas immediately to the north.

An initial drill program totaling 2000 ft will be undertaken to assess this highly prospective area. The Company plans on drilling all targets identified in the recent IP geophysical survey. Layne Christensen Drilling Company, a global leader in mineral exploration and diamond drill bit technology is the contractor of record. Mr. J.E. Stockwell, P. Geol., has been retained to independently supervise the program and log the core for assay analysis which will be done in Canada. Mr. Stockwell is a “qualified person” under the requirements of National Instrument 43-101 (Standards of Disclosure of Mineral Projects).

The Verdstone Mine (“Verdstone”) is located in Arizona’s Sheeptanks Mining District. Verdstone, according to available engineering summaries, was a past producer from approximately 1989 to 1994. While in production, approximately 500,000 tons of mined veins yielded economic grades of gold and silver. Cyprus-Amax Minerals Inc., Homestake Mining Company and ASARCO Incorporated, each of which conducted work programs, have in the past, held the Verdstone mine and surrounding area. Management intends to pursue evaluation of this property to determine the amounts and extent of minable reserves.

The Company has arranged a private placement of up to 1,500,000 Units at $0.60 for gross proceeds of up to $900,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at $0.70 in the first year and $0.75 in the second year. The funds will be used in developing and increasing reserves and cash flow for the Company, exploration and development on existing and prospective projects and also as working capital. A statutory hold period, as applicable, will apply to this offering in accordance with the rules of the TSX (the “Exchange”) and applicable Securities Regulators.

Additionally, the Company has retained the investor relations services of Feldman Communications. Mr. Steven Feldman has worked in the securities industry since 1995 and for the last two years has been an independent consultant to public companies. The Company has contracted his services on a bi-weekly basis at a rate of $1,750 for each two weeks (or $3,500 monthly) in which services are requested and provided. Services contracted for include investor communications, attending conferences and similar related activities. An option package for Mr. Feldman, vesting over 6 months, of 50,000 shares at current market prices is intended to be submitted to Company shareholders for approval at the next Annual General Meeting.

All of the above proposed transactions are expressly subject to Exchange approval and all other required regulatory filings and approvals.

March 19, 2003

GEOPHYSICAL (IP) SURVEY DEFINES TWO NEW ZONES; DRILLING TO COMMENCE SHORTLY

Abington Ventures Inc. ("Abington" - TSX: ABV / ABV.WT) management is pleased to announce that geophysical work (IP) has been successfully completed on the Company's optioned Verdstone Gold Mine property. The geophysical survey has defined two new alteration zones of probable gold mineralization designated as Verdstone 3 West (V3W) and Verdstone 4 (V4). Both zones have the same characteristics as, and appear to be extensions of, the previously mined areas immediately to the north. When drilling commences shortly, the contractor of record will be Layne Christensen Drilling Company, a global leader in mineral exploration and diamond drill bit technology.

The Verdstone Mine ("Verdstone") is located in Arizona's Sheeptanks Mining District. Verdstone, according to available engineering summaries, was a past producer from approximately 1989 to 1994. While in production, approximately 500,000 tons of mined veins yielded economic grades of gold and silver. Cyprus-Amax Minerals Inc., Homestake Mining Company and ASARCO Incorporated, each of which conducted work programs, have in the past, held the Verdstone mine and surrounding area. Management intends to pursue evaluation of this property to determine the amounts and extent of minable reserves.

Additionally, I and my fellow Board members would like to welcome Mr. Phillip Taneda as a Director of the Company. Mr. Taneda is a successful businessman, has public company experience and will be a great addition to the management team. Application will be made to reserve 50,000 incentive options in the share capital of the company for Mr. Taneda at an exercise price of $0.70 for a period of five years. His appointment and proposed options is subject to Exchange and other regulatory approvals and subject to re-election and approval of his options, prior to exercise, by the shareholders at the next Annual General Meeting.

Abington has renewed and will maintain in good standing the option to acquire a 100% interest to Verdstone, subject to a net smelter return royalty, from an arm's length party. Management is also reviewing, on an on-going basis, the performance of its oil producing properties, further development work on and around those properties and other opportunities in the petroleum industry.

January 15, 2003

ABINGTON STARTS VERDSTONE WORK PROGRAM, CONSULTING GEOLOGIST CREATES 3-D MODELS OF DEPOSITS

Abington Ventures Inc. ("Abington" - TSX: ABV / ABV.WT) management is very pleased to announce the Company has retained the services of J. Douglas Blanchflower, P. Geo., a consulting geologist independent from the Company. Mr. Blanchflower has several decades of experience evaluating gold and other mines and mineral ore deposits. Initially he has compiled historical data from the company's optioned Verdstone Mine ("Verdstone") and surrounding area to create a 3D topographic model of the surface and past mined deposits. Images from this modeling are now on the company's website "abingtonventures.com".

Management believes that further gold ore resources exist in the Verdstone Mine which could be put back into production with little capital expenditure. The Company is currently retaining the services of an independent IP contractor to survey drilling sites over the mine. Initial inspections of the mine and surrounding area by management representatives and Arizona Bureau of Land Management personnel were very encouraging.

The Verdstone Mine was a past producer from approximately 1989 to 1994. While in production approximately 500,000 tons of ore was extracted yielding economic grades of primarily gold and also silver. The Verdstone mine and surrounding area has, in the past, been held by Cyprus-Amax Minerals Inc., Homestake Mining Company and ASARCO Incorporated, each of which conducted work programs.

Abington obtained the option to acquire a 100% interest to Verdstone, subject to a net smelter return royalty, from an arm's length party. The terms of the option are confidential by mutual agreement.

Abington is a successful oil producing company listed on the TSX and has property interests in Saskatchewan. Management intends to examine all opportunities to enhance cash flow from its properties and evaluate new acquisitions in order to enhance shareholder value.

November 18, 2002

SURFACE WORK ON VERDSTONE GOLD MINE APPROVED

Abington Ventures Inc. ("Abington" – TSX: ABV / ABV.WT) management is very pleased to announce that the Bureau of Land Management has accepted the initial proposal of a surface work plan on behalf of the company in relation to proposed due diligence work on and around the area of the Verdstone Mine (“Verdstone”) located in Arizona’s Sheeptanks Mining District. The permit will be issued shortly, and as filed, allows for IP geophysics, surveying, sampling and other work necessary before choosing drilling sites and re-entering the mine.

Verdstone was a past producer from approximately 1989 to 1994. While in production approximately 500,000 tons of ore was extracted yielding economic grades of primarily gold and also silver. The Verdstone mine and surrounding area has, in the past, been held by Cyprus-Amax Minerals Inc., Homestake Mining Company and ASARCO Incorporated, each of which conducted work programs. Management intends to pursue evaluation of this property to include obtaining a mining plan of operations from Bureau of Land Management, engineering, geological and geophysical studies and other due diligence to determine the amounts and extent of indicated resources.

Abington obtained the option to acquire a 100% interest to Verdstone, subject to a net smelter return royalty, from an arm’s length party. The terms of the option are confidential by mutual agreement.

Subject to regulatory approval, management intends to welcome Mr. Daniel Mirecki as Secretary and CFO of the Abington. Mr. Mirecki is a businessman with a Bachelors of Business Administration from SFU and has 12 years experience in real estate and other business ventures. Contingent upon regulatory approval, it is intended to grant Mr. Mirecki 20,000 options to purchase common shares of Abington exercisable at $0.30 and expiring 5 years from the date of grant.

Abington is a successful oil producing company listed on the TSX and has property interests in Saskatchewan. Management intends to examine all opportunities to enhance cash flow from its properties and evaluate new acquisitions in order to enhance shareholder value.

October 1, 2002

ABINGTON OPTIONS VERDSTONE GOLD MINE

Abington has optioned for further evaluation and due diligence the Verdstone mine located in Arizona's Sheeptanks mining district. Verdstone, according to available engineering summaries, was a past producer from approximately 1989 to 1994. While in production approximately 500,000 tons of ore was extracted yielding economic grades of primarily gold and also silver. The Verdstone mine and surrounding area has, in the past, been held by Cyprus-Amax Minerals Inc., Homestake Mining Company and ASARCO Incorporated, each of which conducted work programs. Management intends to pursue evaluation of this property to include obtaining a mining plan of operations from Arizona state authorities, engineering, geological and geophysical studies, and other due diligence to determine the amounts and extent of minable reserves.

Abington obtained the option to acquire a 100-per-cent interest to Verdstone, subject to a net smelter return royalty, from an arm's-length party. The terms of the option are confidential by mutual agreement.

September 23, 2002

Abington Ventures has negotiated a non-brokered private placement with arm's-length parties for up to 800,000 units at 30 cents for gross proceeds of up to $240,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at 35 cents in the first year and 38 cents in the second year. The finances will be used in developing and increasing reserves and cash flow for the company, and also as working capital. A statutory hold period, as applicable, will apply to this offering in accordance with the rules of the TSX Venture Exchange and applicable securities regulators.

All of the above proposed transactions are expressly subject to TSX-V approval, and all other required regulatory filings and approvals.

September 5, 2002

Abington Ventures has completed the qualifying transaction and B.C. only prospectus issuance of 2,334,500 units for gross proceeds (before commissions) of $700,350. Proceeds will be used to acquire the two producing oil and gas properties as Abington's qualifying transaction and as working capital. The warrants issued under the prospectus will be listed and trade separately on the TSX Venture Exchange under the symbol ABV.WT. The company is classified as a producing oil and gas company by the TSX-V.

Management intends to examine all opportunities to enhance cash flow from the acquired properties and evaluate new acquisitions in order to enhance shareholder value.

August 30, 2002

The TSX Venture Exchange has accepted for filing the company's qualifying transaction, which includes the following.

1. An acquisition agreement dated April 5, 2002, between the company and Hellix Ventures Inc. (TSX Venture-listed company) whereby the company can acquire a 10-per-cent interest in two horizontal wells located near Weyburn, Sask. (the Weyburn property). Consideration consists of $292,500.

The Weyburn property is the subject of a geological report prepared by Chapman Petroleum Engineering dated July 1, 2001.

2. An acquisition agreement dated April 5, 2002, between the company and 952773 Alberta Ltd. (Frank Underhill) whereby the company can acquire an 8-per-cent working interest in the right to explore for, and produce, oil and gas products under a series of eight petroleum and natural gas freehold leases in the Kingsford area of southeast Saskatchewan (the Kingsford property). Consideration consists of $254,154.

The exchange has been advised that the above transactions, approved by shareholders on June 10, 2002, have been completed.

The company is classified as a producing oil and gas company.

Further to the TSX Venture Exchange bulletin dated July 5, 2002, the company has completed its distribution of securities to the public for gross proceeds of $700,350 (2,334,500 units at 30 cents per unit).

August 30, 2002

Further to the TSX Venture Exchange bulletin dated July 5, 2002, effective at the open, Sept. 3, 2002, the warrants of the company will commence trading on the TSX Venture Exchange.

Jurisdiction: British Columbia

Capitalization: 2,334,500 warrants with no par value of which 2,334,500 warrants are issued and outstanding

Transfer agent: Computershare Trust Company of Canada

Warrant symbol: ABV.WT

Warrant Cusip No: 003648 11 0

The warrants were issued pursuant to the company's prospectus dated June 27, 2002, consisting of up to four million units of which 2,334,500 units were sold. One warrant entitles the holder to purchase one share at a price of 35 cents per share and will expire on Aug. 29, 2004.

For further information, please refer to the company's information circular dated April 24, 2002, and the company's prospectus dated June 26, 2002.

July 5, 2002

Effective July 3, 2002, the company's prospectus dated June 26, 2002, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia Securities Commission, pursuant to the provisions of the British Columbia Securities Act.