Absolut Resources Corp.
TSX VENTURE : ABS

Absolut Resources Corp.

September 26, 2005 00:30 ET

Absolut Announces Inferred Mineral Resource of 580,000 Oz Gold

TORONTO, ONTARIO--(CCNMatthews - Sept. 26, 2005) - Absolut Resources Corp. (ABS) (TSX VENTURE:ABS) is pleased to announce that the Company has received an independent preliminary Mineral Resource Estimate indicating an in situ resource of 580,000 ounces of gold for the Pico Machay, High Sulphidation Gold Project located in Peru, 450 km southeast of Lima. The Mineral Resource Estimate was prepared by Caracle Creek International Consulting Inc. (CCIC), of Sudbury, Canada.

The Mineral Resource was calculated using a 0.3 g/t gold cut-off and comprises 436,623 ounces gold in the Oxide and Mixed Zones and 145,579 ounces gold in the Sulphide Zone. The Resource calculated for the Oxide and Mixed Zones (15.9 million tonnes grading 0.85 g/t Au) lies above an average depth of 75 metres.



Oxide & Mixed Zones (Inferred Resource)
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Interval Au (g/t) Tonnes Au (g/t) Contained oz. Au
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0.3 - 0.5 4,664,152 0.39 58,272
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0.5 - 1.0 6,833,170 0.73 161,266
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greater than 1.0 4,428,708 1.52 217,085
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Total
greater than 0.3: 15,926,030 0.85 436,623
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Au (g/t) Tonnes Au (g/t) Contained oz. Au
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greater than 0.45 12,237,000 1.00 393,429
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Sulphide Zone (Inferred Resource)
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Interval Au (g/t) Tonnes Au (g/t) Contained oz. Au
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0.3 - 0.5 5,765,789 0.38 71,100
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0.5 - 1.0 2,792,972 0.67 60,250
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greater than 1.0 341,339 1.30 14,229
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Total
greater than 0.3: 8,900,100 0.51 145,579
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Au (g/t) Tonnes Au (g/t) Contained oz. Au
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greater than 0.755 1,062,759 1.00 34,210
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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.

To view PICO MACHAY Gold Deposit - Peru please visit the following link: http://www.absolutresources.com/news/images/PicoMachayVideo_Sep2005.wmv

In late 2004, sixteen samples comprising six rock samples and ten composite reverse circulation chip samples were sent for conventional Cyanide Bottle Roll Leach tests at ALS Chemex Peru in Lima. Excellent gold recoveries were returned for samples from the Oxide Zone (91%) and Mixed (oxide + sulphide) Zone (88%). Gold recoveries from the Sulphide Zone samples averaged 28%.

Company President & CEO Dan Noone says "We have now defined an initial resource estimate at Pico Machay upon which we can build." At present the mineralization remains open along strike and at depth and a fourth round of drilling designed to expand the mineralization to the north-east and to the west is scheduled for November 2005.

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.

In another matter, Absolut has notified Monterrico of its decision to withdraw from the Carilsa option agreement. With reference to the contractual obligation to drill a minimum of 1,000m, Monterrico will settle for compensation by cash or issue of shares in Absolut pending respective Board and regulatory approvals.

Absolut has implemented a quality control program to ensure best practice in chemical sampling and analysis of surface and underground rock samples. Analytical services are provided for by ALS Chemex Laboratories in Lima, Peru and North Vancouver, Canada.

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.

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

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