Absolut Resources Corp.
TSX VENTURE : ABS

Absolut Resources Corp.

September 26, 2007 02:00 ET

Absolut Cuts 75 Meters @ 1.39 G/T Gold at Pico Machay

TORONTO, ONTARIO--(Marketwire - Sept. 26, 2007) - Absolut Resources Corp. (TSX VENTURE:ABS) is pleased to announce that it has received results from the first 20 of 56 drill holes from the drill out program on the Pico Machay Gold Project in Peru.

Early drilling was focussed on the extremities of the known mineralization, with drilling in the northeast of the deposit confirming the presence of a high grade core of mineralization trending northeast - southwest. Highlights of the drilling were holes ABS-199 intersecting 75m @ 1.39 g/t Au, including 15m @ 3.75 g/t Au; ABS-198 intersecting 112m @ 0.67 g/t Au, including 48m @ 1.19 and ABS-209 intersecting 58m @ 1.69 g/t Au.

All holes drilled on the northern extremity of the deposit intersected significant mineralization, with the exception of ABS-192, indicating the deposit remains open to the north.



Table 1.- Pico Machay Drill Hole Au Grade Summary
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From To length Grade
Hole (m) (m) (m) (g/t)
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ABS-191 17.50 26.50 9.00 0.43
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38.50 58.00 19.50 0.30
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ABS-192 No significant
ABS-193 0.00 14.00 14.00 0.43
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25.00 47.50 22.50 0.44
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including 25.00 32.50 7.50 0.62
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59.50 62.50 3.00 0.33
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ABS-194 0.00 49.00 49.00 0.61
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including 16.00 31.00 15.00 1.06
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55.00 71.50 16.50 0.37
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ABS-195 19.00 43.00 24.00 0.31
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ABS-196 80.50 95.50 15.00 0.53
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ABS-197 29.50 65.50 36.00 0.33
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ABS-198 0.00 112.00 112.00 0.67
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including 29.50 77.50 48.00 1.19
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including 41.50 61.00 19.50 2.01
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ABS-199 10.00 85.00 75.00 1.39
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including 20.50 35.50 15.00 3.74
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ABS-200 0.00 68.50 68.50 0.64
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including 14.50 28.00 13.50 1.05
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ABS-201 0.00 37.00 37.00 0.50
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43.00 100.00 57.00 0.36
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ABS-202 8.50 13.00 4.50 0.30
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23.50 70.00 46.50 0.99
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including 41.50 58.00 16.50 1.77
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ABS-203 0.00 4.00 4.00 0.34
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13.00 22.00 9.00 0.33
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34.00 44.50 10.50 0.35
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56.00 80.50 24.50 0.39
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ABS-204 0.00 32.50 32.50 0.52
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including 0.00 8.50 8.50 1.01
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44.50 49.00 4.50 0.33
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61.00 107.50 46.50 0.45
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ABS-205 0.00 25.00 25.00 0.62
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53.50 80.50 27.00 0.64
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including 70.00 80.50 10.50 1.00
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ABS-206 5.50 16.00 10.50 0.52
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23.50 47.50 24.00 0.52
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including 26.50 32.50 6.00 1.47
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70.00 86.50 16.50 0.57
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ABS-207 0.00 70.00 70.00 0.46
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including 0.00 11.50 11.50 1.08
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ABS-208 0.00 61.00 61.00 0.58
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including 0.00 16.00 16.00 1.18
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ABS-209 0.00 58.00 58.00 1.69
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including 0.00 43.00 43.00 2.00
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74.50 80.50 6.00 0.36
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ABS-210 0.00 79.00 79.00 0.75
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including 13.00 47.50 34.50 1.19
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(i)Intersections are calculated using a 0.3 g/t Au cut-off and up to 1.5m of internal dilution

Pico Machay is characteristic of a high-sulphidation, epithermal gold system. The geological model has been repeatedly tested and additional drilling continues to delineate and expand the resource base.

The Company previously announced an independent preliminary Mineral Resource Estimate indicating an inferred in situ resource of 580,000 ounces of gold at Pico Machay Gold Project (see news release Sept.26, 2005). 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.

Absolut has implemented a quality control program to ensure best practice in chemical sampling and analysis of surface and reverse circulation drilling samples.

All drilling has been performed using a Reverse Circulation Drill Rig. Samples are split on site under the supervision of Absolut Resources geologists. Sampling is done on one and a half meter intervals and samples are transported by Company staff to Santa Ana, Peru for direct shipping to Acme Laboratories in Lima, Peru. Acme Analytical Laboratories is an ISO 9001:2000-registered laboratory. Gold values are obtained by a 50 gram fire assay.

Absolut Resources Corp. is a precious metals exploration and development company based in Toronto, Canada. Absolut strongly believes in an international best practices approach, and implements this on all its social and environmental decisions. Absolut has implemented a quality control program to ensure best practice. The required qualified person for the Pico Machay Gold Project is Mr. Dan Noone who is a member of the Australian Institute of Geoscientists and is the President and CEO of Absolut Resources Corp.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements. The actual results could differ materially from a conclusion, forecast or projection in the forward-looking information. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information.

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

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