Abode Mortgage Corporation Announces Rick Gummer to Join Board of Directors

Mr. Gummer is an accomplished and respected financial services executive with more than 25 years of leadership and operational experience. He has held senior positions with several leading organizations in the Canadian residential mortgage industry including First Canadian Title, Xceed Mortgage Corporation and CIBC Mortgages Inc.

"On behalf of the Board of Directors, I am delighted to welcome Rick Gummer to the company. He is a tremendous addition to our Board," said David G. Nelson, Abode Mortgage Corporation's Chairman. "He brings to our Board the unique combination of comprehensive industry knowledge and real-world operational expertise. These qualities stem from his many years of successful hands-on experience managing various aspects of the business."

About Abode Mortgage Holdings Corp.

Abode Mortgage Holdings Corp. is a public company trading on the TSX Venture Exchange under the symbol ABD, and through its wholly owned subsidiary, Abode Mortgage Corporation, provides mortgage services to the increasing number of Canadians who are unable to find mortgage financing through traditional sources.

Headquartered in Vancouver, Abode Mortgage Corporation is delivering a new standard of service excellence to the Canadian non-conforming residential mortgage industry by providing simplified products, consistent underwriting decisions, uniformed pricing and competitive compensation programs. The Company launched its lending operations in February, 2007.

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. Website: www.abodecorp.com