Mr. Pascal Hamelin reports

ABCOURT ANNOUNCES ITS RESULTS FOR THE THIRD QUARTER ENDED MARCH 31, 2025

Abcourt Mines Inc. has released its results for the third quarter ended March 31, 2025. The financial statements and the management's discussion and analysis are available on SEDAR+.

Abcourt has achieved a significant improvement in its working capital for the period ended March 31, 2025, with a negative working capital of $2,172,892, compared with negative working capital of $4,947,411 as at June 30, 2024.

Non-IFRS (international financial reporting standards) measure

This news release presents working capital as a performance measure, which is 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.

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 exploration property, where it focuses its operations.

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