Mr. Renaud Hinse reports

SURFACE DRILLING AT ELDER MINE HAS INTERSECTED EXCELLENT VALUES IN GOLD

Abcourt Mines Inc. has obtained excellent results from a recent surface drilling program at the Elder mine. Forty-four holes were drilled, for a total of 7,288 metres.

At the Elder mine, the No. 1 vein is the main vein. It extends over a strike distance of about 650 metres, from surface to the bottom of the mine. The dip is 22 degrees to the south. It is accompanied by vein No. 3 and No. 6 with the same strike and dip.

There are also veins No. 2 and No. 2A, from the fourth level to surface, with the same strike and a dip of 40 degrees south, and vein No. 4 with a north-south direction and a dip of 22 degrees to the east.

The attached table is a list of the best intersections.

  
                 VEINS NO. 2 AND NO. 2A

          From          To  Length           Grade
Hole No.    (m)         (m)     (m)           (g/t)

E 17-99  182.6       183.6     1.0            2.27     
E 17-107 123.5       125.3     1.8           11.86    
E 17-105  46.4        49.5     3.1            3.72     
E 17-109  42.9        44.7     1.8            4.92     

Hole E 17-99 was drilled near an old hole (45-73) which gave a 0.7-metre intersection grading 167.63 grams per tonne of gold. This indicates that values in this zone are erratic, probably due to the presence of free gold.

  
                 VEINS NO. 3 AND NO. 3A
  
          From          To  Length           Grade
Hole No.    (m)         (m)     (m)           (g/t)

E 17-82   99.0       100.8     1.8            3.44     
E 17-85  141.8       143.6     1.8           10.35    
E 17-87  162.4       164.4     2.0            4.20     
E 17-91  107.7       109.3     1.6            5.44     

These intersections are in addition to previous intersections, in this vein, such as hole 87-02 with 1.8 metres grading 14.33 g/t Au, hole 45-67 with 1.5 metres grading 6.73 g/t Au and hole 45-07 with 2.8 metres grading 11.66 g/t Au.

  
                    VEIN NO. 4
  
          From          To  Length          Grade
Hole No.    (m)         (m)     (m)          (g/t)

E 17-79   52.5        54.3     1.8           5.09     
E 17-84   54.4        56.2     1.8           4.39     
E 17-86   63.4        65.5     2.1           5.80     
E 17-87   89.4        91.3     1.9           9.27     
E 17-89  108.8       112.7     3.9          11.05    
E 17-118 183.4       185.6     2.2           9.27     
E 17-120 188.9       190.7     1.8           8.26     
E 17-121 129.3       131.8     2.5           8.40     
E 17-122 132.7       134.5     1.8           3.65     

                   VEIN NO. 6
  
          From          To  Length          Grade
Hole No.    (m)         (m)     (m)          (g/t)

E 17-113 194.6       196.4     1.8           9.91     
E 17-115  85.9        88.0     2.1           8.10     

These good values incorporate those reported in the Oct. 26, 2017, press release.

The length of core represents the vertical thickness of mineralization.

The values obtained confirm the mineralized blocks incorporated in the calculation of the 2012, National Instrument 43-101 resources by Jean-Pierre Berube, consulting geological engineer.

Qualified persons and procedures for quality assurance and quality control

Eugene Gauthier, PGeo, and PEng, is the geologist in charge at the Elder mine. Laurent Halle, PGeo, is co-responsible with Mr. Gauthier for the management of the surface exploration program. Mr. Halle and Mr. Gauthier are both professional contractors for Abcourt Mines Inc. The drilling was done by the G4 drilling company.

The scientific and technical content has been prepared by Renaud Hinse, PEng. The content has been approved by Mr. Gauthier and Mr. Halle. These three persons act as qualified persons, according with NI 43-101 rules for information relating to mining projects (NI 43-101 regulations).

Core samples are cut in two equal parts with one part kept in the box and the other half put in a plastic bag, numbered and sent for assays to the Sleeping Giant laboratory. The latter is not independent or accredited. Procedures for quality assurance and quality controls at this laboratory include insertions of blanks, replicates and standards for precision and accuracy of results. Abcourt Mines also duplicate pulps to ALS Global Laboratory, an independent and ISO certified Lab. Any batch that fails quality assurance/quality control protocol is reassayed. Non-certified assays are used to calculate weighted averages when independent assays are not available.

ALS Global Chemistry Laboratory is ISO 9001 2008 and is certified ISO/EC 17025 for some specific laboratory procedures.

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.

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

We seek Safe Harbor.