MATERIAL CHANGE REPORT

To: British Columbia Securities Commission Alberta Securities Commission TSX Venture Exchange

• Item 1. Name and Address of Company – Abitibi Mining Corp ., Suite 711 – 675 West Hastings Street, Vancouver, B.C., Canada V6B 1N2

• Item 2. Date of Material Change – October 27, 2010.

• Item 3. News Release – News Release issued October 27, 2010 at Vancouver, BC.

• Item 4. Summary of Material Change – Abitibi Mining Corp. (TSX-V ABB) is pleased to announce that it proposes to raise up to $1,000,000 by way of a non-brokered private placement through the issuance of up to 10,000,000 units at a price of $0.10 per unit (the "Unit").

• Item 5. Full Description of Material Change – ABITIBI MINING CORP. (TSX-V: ABB) is pleased to announce that it proposes to raise up to $1,000,000 by way of a non-brokered private placement through the issuance of up to 10,000,000 units at a price of $0.10 per unit (the "Unit"). Each Unit will consist of one non-flow through common share and one-half of one non-flow through, nontransferable share purchase warrant (the "Warrant"). Each full Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.15 for a period of three years from closing the private placement. The Company may give written notice that the Warrants will expire in 30 days if the Company’s shares trade at or above $0.30 for 21 consecutive trading days.

The private placement and any modifications to it are subject to compliance with applicable securities laws and to receipt of regulatory approval. The Company may pay finders' fees in accordance with the policies of the TSX Venture Exchange.

Proceeds of the financing will be used to undertake drill programs planned for the Company's highly prospective Red Hat, Centre Fire Lake, and Tannahill properties located in Ontario as well as to provide for basic administration costs. The Company will be announcing specific plans for each project shortly.

After reviewing results from its Armstrong Lake, Armstrong Lake Extension, Foleyet, Ivanhoe & Muskego properties, the Board of Directors has determined not to continue with its option on these properties.

M Partners Inc. has been retained as lead agent in connection with the Offering and as financial advisor to explore strategic alternatives for the Company. M Partners are located in Toronto and Vancouver with over 25 professionals serving the needs of their institutional and retail clients.

Item 6. Reliance on Section 7.1(2) or (3) of National Instrument 51-102 – Not applicable.

• Item 7. Omitted Information – The undersigned is aware of no information of a material nature that has been omitted.

• Item 8. Executive Officer – Mr. Richard Hughes, Chairman of the Issuer, is knowledgeable about the material change and this report. He can be contacted at (604) 685-2222.

• Item 9. Date of Report – Dated at Vancouver, British Columbia, this 27th day of October, 2010.