Also of note was hole ABS-126 which is located to the north of the dacite dome (500m north of the Central Zone), which intersected 12m @ 2.66 g/t Au. Further drilling will need to be completed to determine the extent of this mineralisation which appears to be located along the northern contact of the dacite and the intruded volcanic pile.

Mineralisation in the Central Zone has been extended eastward with ABS-135 intersecting 30m @ 2.32 g/t Au. The mineralisation remains open to the northeast.

For drill hole locations and sections please click here:

http://www.absolutresources.com/news/2005/pr_image060805.htm

Drill results, calculated using a 0.3 g/t Au cut-off and up to 1.5m of internal dilution are as follows:

As a reference, the Newmont / Buenaventura Yanacocha high sulphidation gold mine has an overall grade of 0.96 g/t Au and Barrick's Alto Chicama deposit grades 1.39 g/t Au.

The Phase Three drill program currently in progress is designed to extend and confirm the continuity of the Central Zone, which covers an area of 800m by 300m, and to test additional target areas to the north and west of the Central Zone.

Absolut's wholly owned subsidiary, Minera Calipuy SAC has an agreement with Monterrico Metals PLC to earn up to a 75% interest in the Pico Machay gold project.

Absolut has implemented a quality control program to ensure best practice in chemical sampling and analysis of surface and reverse circulation drilling samples.

Absolut Resources Corp. is a precious metals exploration and development company based in Toronto, Canada. Absolut strongly believes in an international best practices approach, and implements this on all its social and environmental decisions. Absolut has implemented a quality control program to ensure best practice. The required qualified person for the Pico Machay Gold Project is Mr. Dan Noone who is a member of the Australian Institute of Geoscientists.

This press release contains forward looking statements.

For any questions or comments please contact us directly.