Press Release & News

FOR IMMEDIATE RELEASE

Abode Mortgage Corporation Announces Completing a $20.06 Million Whole Loan Sale

VANCOUVER, BRITISH COLUMBIA, Aug 29, 2008 (Marketwire via COMTEX) -- Abode Mortgage Corporation is pleased to report that it has completed another whole loan sale with a book value of $20.06 Million and a sale value of $21.34 Million to a third party financial institution on August 29, 2008.

"We are very pleased to report completion of this most recent tranche sale. This sale continues to support our overall business strategy and market position," said Chief Executive Officer Mike Linehan.

Information about Abode Mortgage Corporation is available on the Internet at: www.abodecorp.com.

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the use of proceeds. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements, and as such undue reliance should not be placed on forward-looking information. Such factors include, among others, the financial needs of Abode on an ongoing basis and the timing and amount of Abode's expenditures.

Mike J. Linehan
CEO
Abode Mortgage Holdings Corp.
Telephone: 604.642.2633
Email: ir@abodecorp.com

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