Mr. Renaud Hinse reports

THE DEWATERING OF THE ELDER GOLD MINE WILL BE COMPLETED IN TWO MONTHS AND A REVISED 43-101 RESOURCE ESTIMATE WILL BE AVAILABLE ALSO IN TWO MONTHS

Abcourt Mines Inc. is making good progress on the dewatering of the Elder mine, located near Rouyn-Noranda, Que. The water is now 18 metres below the ninth level at a depth of 400 metres from surface.

As the company goes deeper in the shaft, the volume of water to pump diminishes. If everything goes well, the company expects to complete the dewatering of the mine by the end of next March. The mine has 14 levels developed and two not developed, and the volume of water to pump at the beginning of the operation was estimated at 215 million U.S. gallons. About 50 million U.S. gallons remain to be pumped.

The company has also been converting all the data from the English system to the metric system. As the Elder mine is a former producer, there is a substantial amount of historical data to convert into metric, but the company is making good progress. This information is needed to prepare a revised National Instrument 43-101 resource estimate, which the company expects to have completed at the end of March.

A previous estimate of resources was done in 2009 by an independent qualified person, Jean-Pierre Berube, PEng, consultant from Trois-Rivieres, Que. This revision was made according to National Instrument 43-101 standards.

The accompanying table provides a summary of the non-diluted resources.

                         Cut-off grade of 3.8 g/t           Cut-off grade of 5.1 g/t 
Description          Tonnes       Au       Ounces      Tonnes        Au       Ounces
                                 (g/t)                             (g/t)

Measured            402,286       6.5      83,635     256,379       7.7       63,736
Indicated           402,742       6.6      85,502     287,296       7.7       71,422
Measured and 
indicated           805,028       6.5     169,137     543,675       7.7      135,158
Inferred            237,289       6.1      46,722     159,704       7.2       37,067

Since then, the company completed 19,519 metres of surface diamond drilling in 2010 and 2011, and excellent results were obtained (see previous press releases). So, the company expects a substantial increase in mineral resources.

In the meantime, the company is compiling information for a preliminary economic assessment, which it expects to complete during the month of April.

This press release was prepared by Renaud Hinse, president of Abcourt Mines, a qualified person.

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