Mr. Pascal Hamelin reports

ABCOURT ANNOUNCES ITS RESULTS FOR THE FIRST QUARTER ENDED SEPTEMBER 30, 2025 AND THE ENGAGEMENT OF RED CLOUD SECURITIES TO PROVIDE MARKET-MAKING SERVICES

Abcourt Mines Inc. has released its results for the first quarter ended Sept. 30, 2025. Financial statements and the management's discussion and analysis are available on SEDAR+.

During the quarter, Abcourt began development of mining operations at Sleeping Giant. Several expenses related to the development of drifts and rehabilitated already developed drifts to access the production stopes planned, maintenance of installations and equipment, and hiring employees.

Abcourt began to fill the mill's circuit with gold.

On surface, Abcourt built phase 1 of the sleep camp and kitchen during the quarter. They were commissioned on Sept. 2. Abcourt also executed civil construction work at the tailing facility in preparation for the winter and the preparation for the next lift planned in cell 2A for the summer of 2026.

Non-IFRS (international financial reporting standards) measure

This news release presents working capital as a performance measure that is a non-IFRS performance measure. The corporation believes that this measure provides investors with an improved ability to evaluate the performance of the corporation. Non-IFRS measures do not have any standardized meaning prescribed under IFRS. Therefore, such measures may not be comparable with similar measures employed by other companies. These data may not be comparable with data presented by other companies. Non-GAAP (generally accepted accounting principles) financial performance measures should be considered together with other data prepared in accordance with IFRS.

The corporation determines working capital as follows: current assets less current liabilities.

Engagement of Red Cloud Securities Inc. (RCSI) to provide market-making services

The corporation has, subject to the approval of the TSX Venture Exchange, engaged the services of RCSI to provide market-making services in accordance with TSX Venture Exxchange policies. RCSI will trade shares of the corporation on the TSX-V with the objective of maintaining a reasonable market and improving the liquidity of the corporation's common shares. Under the agreement, there are no performance factors contained in the agreement and RCSI will not receive shares or options as compensation.

Chad Williams, a director of the corporation, is a significant shareholder of the parent company of RCSI and, as a result, the corporation is non-arm's length to RCSI. Mr. Williams does not have control or influence over the day-to-day operations of RCSI, and, in particular, he has removed himself from this matter and the delivery of these services. The terms of RCSI's engagement (including fees payable under the agreement) were determined following customary negotiations between the corporation and RCSI, and are reasonable and consistent with market practice. As of the date hereof, RCSI beneficially owns or controls 14,000 common shares of the corporation and 9,891,805 securities convertible into common shares. RCSI's office is located at 120 Adelaide St. W, Suite 1400, Toronto, Ont., M5H 1T1.

About Abcourt Mines Inc.

Abcourt Mines is a Canadian gold exploration company with properties strategically located in northwestern Quebec, Canada. Abcourt owns the 100-per-cent-owned Sleeping Giant mine and mill and the Flordin property, where it focuses its development activities.

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