Mr. Pascal Hamelin reports

ABCOURT IS PREPARING NEW STRIPPING AND ADDITIONAL DRILLING WORK ON ITS FLORDIN PROPERTY

Abcourt Mines Inc.'s applications for a second stripping (phase 2) and drilling (South Zone sector) have been submitted to the Ministry of Natural Resources and Forestry. The permit for the execution of the stripping phase 2 has been received, while the application for the new holes is currently being analyzed. During the first phase of stripping, Abcourt intersected 22.7 grams per tonne (g/t) gold over seven metres on stripping No. 2; refer to the press release dated Aug. 22, 2024.

The new application for an intervention permit covers an area of 0.35 hectare that will link the previously stripped areas. This new exposed surface over approximately 200 metres in length will allow for the addition of new channels that will confirm the lateral extension of the high-grade gold mineralized zones. The company will begin its stripping work next week.

Regarding the drilling work that will be carried out on the Flordin property, the company has submitted an application for authorization for the completion of four holes (total of 2,500 metres) in the area of the South zone that was discovered by Cambior in 1988. Hole S-158 returned three g/t gold over 16 metres. The next drilling campaign will aim to confirm the continuity of the mineralization at depth at more than 400 metres. The company believes that the type of mineralization characteristic of the South zone, which is described as being associated with pyrite bands, will be the same as that observed in the Flordin East and Cartwright area. The next holes will be strategic and will validate the continuity of this type of mineralization over more than two kilometres laterally. Drilling is expected to begin in November, 2024.

Qualified persons

Robert Gagnon, Geo, the company's vice-president exploration, has reviewed and approved the technical information contained in this press release.

About Abcourt Mines Inc.

Abcourt Mines is a Canadian exploration company with properties strategically located in northwestern Quebec, Canada. Abcourt owns the Sleeping Giant mine and mill, where it focuses its development activities.

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