Mr. Pascal Hamelin reports

ABCOURT ANNOUNCES A NON-BROKERED PRIVATE PLACEMENT FOR UP TO $3.0 MILLION

Abcourt Mines Inc. has arranged a non-brokered private placement of a combination of a maximum of 60 million units of the corporation at a price of five cents per unit and a maximum of 50 million common shares of the corporation that qualify as flow-through shares, within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and Section 359.1 of the Taxation Act (Quebec), at a price of six cents per FT share, for aggregate gross proceeds of up to $3-million.

It is expected that the proceeds from the private placement will be used to advance activities for development and exploration at the Sleeping Giant and Flordin gold projects in the Abitibi greenstone belt of Quebec.

Each unit will consist of one common share of the corporation and one common share purchase warrant. Each warrant will entitle its holder to purchase one common share at a price of eight cents for a period of 36 months following the closing date of the private placement.

In the event that, during the period ranging between 12 months and 36 months following the closing date, the volume-weighted average trading price of the common shares exceeds 12 cents per common share for any period of 20 consecutive trading days, the corporation may, at its option following such 20-day period, accelerate the expiry date of the warrants by delivery of notice to the registered holders thereof and issuing a press release, and, in such case, the expiry date of the warrants shall be deemed to be 5 p.m. ET on the 30th day following the later of: (i) the date on which the acceleration notice is sent to warrantholders; and (ii) the date of issuance of the warrant acceleration press release.

The private placement is expected to close on or about April 3, 2025, and remains subject to the final approval of the TSX Venture Exchange.

All securities issued in connection with the private placement will be subject to a restricted period ending on the date that is four months plus one day following the date of their issuance.

About Abcourt Mines Inc.

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

We seek Safe Harbor.