Mr. Pascal Hamelin reports

ABCOURT MINES RECEIVES TSXV APPROVAL TO IMPLEMENT A NORMAL COURSE ISSUER BID (NCIB)

The TSX Venture Exchange has approved Abcourt Mines Inc.'s request to implement a normal course issuer bid (NCIB) program, through which Abcourt may purchase, for cancellation, up to 80 million of its common shares, representing just under 10 per cent of the public float (811,853,718 common shares on a total of 1,193,348,720 issued and outstanding common shares as of March 30, 2026).

The board of directors of Abcourt believes that the current market price of the company's common shares does not adequately reflect the intrinsic value of the company, particularly in light of the recent strategic financing with Glencore and the continuing production ramp-up at the Sleeping Giant mine.

Management believes that the purchase of its common shares represents an advantageous use of capital to enhance shareholder value.

Terms of the NCIB:

• Period: The program will commence on April 3, 2026, and will terminate on April 2, 2027, or such earlier date if the company has completed its purchases.
• Method: Purchases will be made from time to time by Red Cloud Securities Inc., on behalf of the company, through the facilities of the TSX-V or Canadian alternative trading systems at the prevailing market price at the time of acquisition.
• Treatment of shares: All shares purchased under this program will be cancelled.

The company is under no obligation to purchase a specific number of shares and may suspend or terminate the program at any time. The extent to which Abcourt repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations, as determined by Abcourt's management team. The company will use funds from its existing cash balances to purchase the shares.

About Abcourt Mines Inc.

Abcourt Mines is a Canadian gold producer with strategic properties located in northwestern Quebec. The company owns the Sleeping Giant mine, which includes a processing plant with a capacity of 750 to 950 tonnes per day. Abcourt is currently focused on the operations of its flagship mine and the development of the Flordin project.

We seek Safe Harbor.