Abode Mortgage Corporation

Abode Mortgage Corporation

February 29, 2008 09:00 ET

Abode Mortgage Corporation Announces an $11.4 Million Whole Loan Sale

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 29, 2008) - Abode Mortgage Corporation (TSX VENTURE:ABD) is pleased to report that it has completed a whole loan sale with a book value of $11.4 Million and a sale value of $11.9 Million on Feb 26th 2008.

Our whole loan sale program continues to provide Abode Mortgage Corporation with competitive solutions that support our on-going business model. We are pleased to report the completion of another sale transaction in a consistent, timely manner." said Chief Executive Officer Mike Linehan.

About Abode Mortgage Holdings Corp.

Abode Mortgage Holdings Corp. is a public company trading on the TSX Venture Exchange under the symbol ABD, and through its wholly owned subsidiary, Abode Mortgage Corporation, provides mortgages to Canadians. Headquartered in Vancouver, Abode Mortgage Corporation is delivering a new standard of service excellence to the Canadian residential mortgage industry by providing simplified products, consistent underwriting decisions, uniformed pricing and competitive compensation programs.

Information about Abode Mortgage Corporation is available on the Internet at: www.abodecorp.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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