ABA Abasca Resources Inc

Abbastar Resources Corp. (the "Company") (TSX VENTURE:ABA) is pleased to
announce that the non-brokered private placement announced on November 4, 2009
was closed today.


The Company has issued 1,000,332 common shares at a price of $0.30 per share for
gross proceeds of $300,100. The proceeds from the financing will be used for
exploration expenditures. The Company will pay a $9,975 referral fee to Research
Capital Corporation.


The shares are subject to a four-month hold period pursuant to applicable
securities laws and regulations. The hold period will expire on April 4, 2010.




Insider / Pro Group Participation:

Name                    Insider = I         # of Shares
                      Pro Group = P               
                                             
Barry Allan                       P             166,667
Scott Cathcart                    P              83,333
Aubrey Eveleigh                   I              83,333
John Eymann                       P              85,000
Matthew Skipp                     P             166,666



On behalf of the Board,

John B. Good, President & CEO

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