Abode Mortgage Corporation

Abode Mortgage Corporation

July 16, 2009 12:10 ET

Abode Mortgage Corporation Announces Expansion Into the Atlantic Provinces

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 16, 2009) - Abode Mortgage Corporation, a Canadian residential mortgage lender and the wholly-owned subsidiary of Abode Mortgage Holdings Corp.(TSX VENTURE:ABD), announced today that it has expanded its lending operations to include Nova Scotia, New Brunswick, Prince Edward Island and Newfoundland/Labrador.

"We are very excited about the new business opportunities our expansion into Atlantic Canada will provide," said Mike Linehan, Chief Executive Officer of Abode Mortgage Corporation. "Our long term plans have always included operation in the Atlantic Provinces and we are now well positioned to take advantage of the dynamic conditions that are emerging in the Atlantic mortgage marketplace."

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 through the Broker Market. 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, uniform pricing and competitive compensation programs. The Company launched its lending operations in February, 2007.

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, and has in no way passed upon the merits of the proposed transaction.

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