FIFE, WASHINGTON - November 22, 2004 - Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that it is has entered into an agreement with Australia based Live Auctions Australia to broadcast their auctions over the Internet exclusively for a period of three years through NAALive.com.

Live Auction Australia, an initiative backed by 25-year auction veteran Philip Black ("Blacky") specializes in the relocation of plant, people and livestock. Branded as the "$16 million man" in recognition of his property sales, Black sold one of the largest properties in Queensland this year for $8.5 million within one week of listing it. Australia's Courier-Mail newspaper states that "Blacky is fast becoming one of the best known auctioneers in the country".

This agreement, coupled with recent enhancements of the Company's auction broadcasting technology, provides NAALive with significant international exposure and paves the way for global adoption of its online auction technology.

About NAALive

NAALive is a joint venture between Ableauctions and the National Auctioneers Association to provide online auction broadcast technology to its 6000+ members. Utilizing NAALive's real-time software, auction houses can broadcast their auctions live over the Internet allowing online bidders to participate as if they were physically present at the auction. NAALive also enables bidders to review auction catalogues and place absentee bids prior to an event. NAALive is rapidly becoming the standard for live Internet auctions and the premiere website for consumer access to the auction industry.