Drillhole ABS-143 is located 125m to the northeast of the previously reported ABS-135 (30m @ 2.32 g/t Au) (see Company press release dated June 8, 2005). From hole ABS-135 the orientation of the mineralisation changes from east-west to northeast as it wraps around the contact between the dacite dome and the overlying volcanics. The strike length of the main zone to date is 600m and remains open to the northeast and west.

For drill hole locations and sections please click here: http://www.absolutresources.com/news/2005/pr_image062005.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.

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. Analytical services are provided for by ALS Chemex Laboratories in Lima and North Vancouver.

Absolut Resources Corp. is a precious metals exploration and development company based in Toronto, Canada. Absolut believes in an international best practices approach, and implements this on all its social and environmental decisions. 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.