Mr. Pascal Hamelin reports

ABCOURT APPOINTS A NEW DIRECTOR AND GRANTS STOCK OPTIONS

Abcourt Mines Inc. has welcomed Amelie Rouleau to its board of directors, effective immediately. Ms. Rouleau fills the vacancy created by the resignation of Loic Bureau in January, 2026.

Ms. Rouleau is a public affairs and strategic engagement executive with over 18 years of experience in the mining and metallurgical sector. She has held key roles within Glencore, notably at the Raglan mine and in North American copper operations, where she contributed to integrating environmental, social and governance considerations into business decision making. Recognized for her leadership in complex, high-visibility environments, she has deep expertise in government relations, stakeholder management and social acceptability. She is particularly noted for her ability to develop sustainable collaborative approaches with indigenous communities, especially Inuit. Ms. Rouleau has also played a strategic role in managing sensitive situations, including environmental and public health issues, as well as in establishing multistakeholder governance mechanisms that promote informed and sustainable decision making.

Stock option plan amendment and option grant

The board has approved an amendment to the corporation's stock option plan to increase the maximum number of common shares of the corporation that may be issued upon the exercise of options under the plan to 119,026,226 common shares (representing approximately 10 per cent of the issued and outstanding common shares of the corporation). The plan amendment remains subject to the approval of the TSX Venture Exchange and the approval of the corporation's shareholders at the next annual and general meeting of shareholders.

The board has also granted a total of 51.6 million stock options under the plan to certain directors, officers, employees and consultants, including 23.5 million options to directors and members of senior management. The options are valid for a period of five years, at an exercise price of 10 cents per common share. The options will be exercisable only upon shareholder approval of the plan amendment, and will vest as to 20 per cent upon such approval and then 20 per cent each year from the first anniversary date of the grant of the stock options.

Appointment of Marc Boudreault as strategic adviser

The corporation is also pleased to announce the appointment of Mr. Boudreault as strategic adviser to the corporation. Mr. Boudreault has nearly 40 years of experience advising mining companies, including in connection with the sourcing and execution of mining financings. In 1995, Mr. Boudreault joined forces with the Semafo Mining team and supported the company's formation and early financing efforts as it grew into a highly successful company, reaching a market capitalization of approximately $3.6-billion. In his role as strategic adviser, Mr. Boudreault will support the corporation's strategic positioning and assist in identifying investment and financing opportunities.

About Abcourt Mines Inc.

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

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