ABINGTON SHORT FORM OFFERING RAISES $2 MILLION

ABINGTON VENTURES INC. (the "Corporation") is pleased to announce it has closed the public offering previously announced on November 25, 2003 and raised the full gross proceeds of $2,000,000 through the sale of 3,636,364 Units by way of its Short Form Offering Document ("SFOD") dated effective December 5, 2003.

Each Unit was comprised of one Common Share and one transferable Common Share Purchase Warrant ("Warrant"). Each two (2) Warrants will entitle the holder to acquire one additional Common Share until December 18, 2004 at a price of $0.60. Listing of the Warrants, which will be the second class of warrants of the Company to trade on the TSX Venture Exchange, has been applied for and is pending.

Canaccord Capital Corporation was the sole agent for the public offering.

It is the Company’s intention to focus primarily on the mining business. Proceeds from the financing will be used to develop the Company’s Verdstone gold properties located in Arizona, USA. Additionally, management intends to pursue the acquisition, exploration and development of other high grade gold and silver properties in North America.

All transactions referred to herein are expressly subject to TSX.v and all other required regulatory approvals.