Mr. Renaud Hinse reports

2,462 METERS OF SURFACE DIAMOND DRILLING WAS DONE ON THE ABCOURT-BARVUE PROPERTY IN DECEMBER 2016 AND JANUARY 2017 AND IN MOST CASES, EXCELLENT RESULTS WERE OBTAINED

Ten surface holes were drilled, for a total of 2,462 metres, at Abcourt Mines Inc.'s Abcourt-Barvue property located near Val d'Or, Que., Canada, and in most cases, excellent results were obtained. See attached table.

  
            From      To    Length      Ag      Zn
Hole No.      (m)     (m)       (m)   (g/t)     (%)

AB 16-06   211.5   219.00     7.50    66.8    2.66      
AB16-07    172.0   176.00     4.00    43.0    1.86      
AB16-08    251.0   254.60     3.60    21.9    6.08      
AB16-09    220.5   230.50    10.00    47.8    1.55      
AB16-10    222.0   231.10     9.10    41.5    3.27      
AB16-11    See note 1                                        
AB16-11A   230.0   235.00     5.00    37.8    4.09 
           239.0   250.30    11.30     7.4    2.80 
AB16-12    160.0   161.93     1.93    12.9   13.80 
           275.7   292.40    16.65     4.7    2.00
AB17-01    318.0   319.75     1.75    15.6    0.38      
AB17-02    234.0   240.00     6.00    49.8    1.37 
           240.0   242.90     2.90     2.2    4.25 

Note 1: Hole abandoned due to important deviation.
  
Most of these holes were drilled to increase the 
amount of information on which the inferred 
resources calculations are based.
  
True widths represent between 60 per cent and 75
per cent of core lengths.
  
The intersections were obtained at depths of about 
250 metres.

Additional drilling on this property is justified as long as these kinds of results continue to be obtained.

Quality assurance/quality control procedure

NQ core is placed in boxes at drill site and boxes are delivered to the core shack by the drillers. Hole locations and dips of holes are checked by an Abcourt employee. Core is logged and samples taken are marked by a qualified person. The sampled core is cut in half by a diamond saw, half being kept in the core box and stored on the site, the other half being taken to Laboratoire Expert in Rouyn-Noranda for assaying by the atomic absorption method. For every 20 samples of core, a standard sample is included in the batch. At the laboratory, one sample in 10 is analyzed in duplicate. Sample rejects and unused pulps are returned and stored at the project site. Laboratoire Expert is not an accredited assayer but the use of standard samples enables the company to check the accuracy of the assays.

New resource calculations in 2014

A National Instrument 43-101 report on the Abcourt-Barvue resources was prepared by Jean-Pierre Berube, engineer and independent consulting geologist with pertinent experience in this field. This report indicates an increase in indicated and inferred resources in comparison with those of 2006. This report was filed on SEDAR. Attached is a comparative table of resources in all categories.

                   RESOURCES OF ALL CATEGORIES
   
                        2014 estimate               2006 estimate
  
                            Ag     Zn                   Ag     Zn
Category       Tonnes     (g/t)    (%)     Tonnes     (g/t)    (%)

Measured    6,284,000    43.98   3.09   6,516,000    58.32   3.33  
Indicated   1,799,000    95.51   2.94     503,000    98.35   3.44  
M + I       8,083,000    55.45   3.06   7,019,000    61.19   3.33  
Inferred    2,037,000   114.16   2.89   1,506,000   120.53   2.98  

If the open pit outlines designed in 2007 by GENIVAR remain unchanged, it is estimated that 77 per cent of the measured and indicated resources will be extracted from an open pit and 23 per cent from underground operations.

The increase in tonnage between the 2006 estimate and the 2014 estimate was brought about by additional diamond drilling in 2010 and 2011 and by a substantial increase in the price of silver which enabled the company to use a lower cut-off grade.

The measured resources are generally extending from surface to a maximum depth of 165 metres. The indicated resources are generally located in the immediate extensions of the measured blocks from elevation minus 125 to minus 300 metres.

About Abcourt Mines Inc.

Abcourt Mines is a gold producer and a Canadian exploration company with strategically located properties in northwestern Quebec, Canada. The Elder property has gold resources (2012) and a positive preliminary economic assessment study. Abcourt is focusing on the exploitation of the Elder mine.

The Abcourt-Barvue property has silver-zinc resources (2014). A feasibility study was completed in 2007 by Roche/Genivar on the Abcourt-Barvue project.

This press release was prepared by Renaud Hinse, engineer and president of Abcourt Mines. Mr. Hinse is a qualified person under the terms of National Instrument 43-101.

We seek Safe Harbor.