ABINGTON VENTURES INC.

Suite 125A – 1030 Denman St. Vancouver, British Columbia V6G 2M6
Phone No. (604) 683-6657
Fax (604) 684-4407

TRADING SYMBOL:  ABV-V

Date: August 17, 2004

NEWS RELEASE

DRILLING TO TEST SIGNIFICANT GEOPHYSICAL ANOMALIES SIMILAR TO THE ORIGINAL VERDSTONE ZONE

ABINGTON VENTURES INC. / HELLIX VENTURES INC. (The Companies) have contracted Leroy Kay Diamond Drilling of Yerington, Nevada, to commence diamond drilling of the Hellix claim group. Leroy Kay is one of the first drillers in the district and assisted in the discovery of the original Verdstone deposit by completing the first 37 boreholes. Abington Ventures has a 50% participating interest in the Hellix claim group, which is adjacent to the Verdstone property currently optioned by Abington Ventures.

Drilling will test significant geophysical anomalies similar to the original Verdstone zone. The original Verdstone vein was approximately 25 feet long at surface. The Hellix claim group covers an indicated gold-silver bearing epithermal zone, extending for up to 500 feet along strike and up to 100 feet wide. Vertical depths to the probable epithermal veins vary from near surface to 110 meters (360 feet).

The companies have retained Larry Sookochoff, P.Eng. to act as the “Qualified Person” for the drill project. Mr. Sookochoff was instrumental in locating significant gold mineralization in the vein outcrop near the planned drill sites.

The Verdstone Gold mine, is located 125 miles west of Phoenix, Arizona and was a past producer during the period 1992-1996. Production was estimated at approximately 500,000 tons of 0.5 opt gold ore. 2003 drill results indicated a new deposit (V3W) that is open to the north, west and east.

Abington Ventures has oil producing properties in Canada, mineral exploration properties in Arizona, USA and an option on a mineral property in Durango, Mexico.


 

ON BEHALF OF THE BOARD OF DIRECTORS

ABINGTON VENTURES INC.

Per:     Walter Brenner

Walter Brenner, President

The TSX.V has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the information contained herein.