Mr. Renaud Hinse reports

ABCOURT ANNOUNCES GOOD RESULTS FOR THE THIRD QUARTER ENDED ON MARCH 31, 2017

Abcourt Mines Inc. has provided good results for the third quarter ended on March 31, 2017. Management is pleased to announce that the Sleeping Giant mill treated all the gold mineralization extracted from the Elder mine during the third quarter and the gold recovery was 96.1 per cent. The company generated, in the third quarter, revenues from the sale of gold totalling $4.2-million. The average price received for gold sold was $1,627 (Canadian) ($1,231 (U.S.)) per ounce.

Gold inventories increased from $1,538,216 to $2,795,711. A substantial part of this gold was sold early in April, 2017.

A net profit of $186,215 was made, compared with a loss of $925,934 in the previous quarter. Accounts payable were reduced by almost $1-million, from $5,296,546 in December, 2016, to $4,256,261 in March, 2017. Very liquid assets (inventories, receivable taxes and cash) are sufficient to cover short-term liabilities.

A summary of important figures concerning operating and financial results for the third quarter compared with the second quarter is in the attached table.

Description                                          Three months at March 31, 2017     Three months at Dec. 31, 2016

Tonnes treated                                                               25,424                            30,738
Tonnes broken in stopes                                                      27,581                            18,842
Extracted tonnes                                                             27,479                            22,507
Gold ounces produced                                                          3,703                             3,566
Gold recovery                                                                  96.1%                             95.2%
Revenues from the sale of gold, silver and others                        $4,253,722                        $6,185,233
Price of gold, per ounce                             $1,627 (Canadian)/$1,231 (U.S.)   $1,734 (Canadian)/$1,302 (U.S.)
Average cash costs ($/ounce)                         $1,367 (Canadian)/$1,034 (U.S.)   $1,358 (Canadian)/$1,020 (U.S.)
Sustaining costs ($/ounce)                               $486 (Canadian)/$368 (U.S.)       $196 (Canadian)/$147 (U.S.)
All-in sustaining costs ($/ounce)                    $1,853 (Canadian)/$1,402 (U.S.)   $1,554 (Canadian)/$1,167 (U.S.)
Gold and silver ingots inventory                                         $1,120,718                          $154,295
Gold and silver in circuit inventory                                     $1,674,993                        $1,383,921
Total inventory                                                          $2,795,711                        $1,538,216
Net income and comprehensive income (loss and  
comprehensive loss)                                                        $186,215                         ($925,934)
Mining taxes                                                                $30,868                           $53,425
Deferred taxes                                                             ($14,000)                         ($22,248)
Cash at the end of period                                                $1,107,671                        $3,331,463

The improvement was realized in March, 2017, with a record grade of 5.41 grams per tonne Au at the mill and a better tonnage at the mine (10,007 tonnes). Measures taken to improve the grade in stopes are giving good results.

Development of the 5th level to the east is progressing well. The mineralized zone has been followed over a distance of 124 metres. Muck samples are averaging about five grams per tonne of gold.

Plans are being prepared for additional diamond drilling on surface and underground at Elder to outline and to increase resources. This drilling will start shortly.

On March 27, 2017, Abcourt announced that it had signed an investor relations agreement with Arrowhead Business and Investment Decisions of New York, United States. Its due diligence and valuation report is available on-line.

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.

In 2016, Abcourt acquired the Sleeping Giant mine and mill, located halfway between Amos and Matagami, in Abitibi, Que., in the territory covered by the Plan Nord of the Quebec government. The mill has a capacity of 700 to 750 tonnes per day.

We seek Safe Harbor.