Mr. Pascal Hamelin reports

ABCOURT CLOSES INITIAL TRANCHE NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $1,668,040

Abcourt Mines Inc. has closed a first tranche of its previously announced non-brokered private for gross proceeds of $1,668,040 from the sale of the following:

• 2.3 million units of the corporation at a price of five cents per unit for gross proceeds $115,000 from the sale of units;
• 25,884,000 common shares of the corporation that qualify as flow-through (FT) 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 gross proceeds of $1,553,040 from the sale of FT shares.

Each unit consists of one common share of the corporation and one common share purchase warrant. Each warrant entitles its holder to purchase one common share of the corporation at a price of eight cents per warrant share at any time on or before April 3, 2028, subject to acceleration in certain circumstances.

The corporation intends to use the proceeds of the offering for the exploration and advancement of the corporation's Flordin and Sleeping Giant gold projects, which are located in the Abitibi greenstone belt in Quebec, as well as for working capital purposes and general corporate purposes.

In connection with the offering, the corporation paid finders' fees of $1,051,20 in cash and $91,051.20 in common shares at a deemed value of five cents per common share, and issued 1,535,040 warrants to arm's-length third parties that assisted the corporation by introducing subscribers to the offering.

All securities issued under the offering are subject to a statutory hold period ending on the date that is four months plus one day following the closing date of the offering. The offering remains subject to the final approval of the TSX Venture Exchange.

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, as well as the Flordin property, where it focuses its development activities.

We seek Safe Harbor.