Abode Mortgage Holdings Corp.

Abode Mortgage Holdings Corp.

March 06, 2009 14:32 ET

Abode Mortgage Holdings Corp. Announces the Issuance/Repricing of Share Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 6, 2009) - Abode Mortgage Holdings Corp. (TSX VENTURE:ABD) announces that the Company has authorized the reduction of the exercise price on all of its issued and outstanding share options to $0.10 and has also authorized the issuance of 9,450,000 new share options to directors and officers. The reduction of the exercise price and the share option issuance are subject to the approval of the TSX Venture Exchange. The reduction of the share option exercise price for Insiders of the Company is subject to the approval of disinterested shareholders at the Company's Annual General Meeting of shareholders.

About Abode Mortgage Holdings Corp.

Abode Mortgage Holdings Corp. is a publicly traded company on the TSX Venture Exchange under the symbol ABD, and through its wholly owned subsidiary, Abode Mortgage Corporation, provides residential mortgage financing to Canadians in the markets we serve. 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, competitive pricing and compensation programs. The company launched its lending operations in Western Canada and recently expanded into the Province of Ontario.

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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