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File: Press Release - March 2018 results.docx


FOR IMMEDIATE RELEASE
TSX Venture - ABI.V 
March 12, 2018


EXCELLENT OPERATING AND FINANCIAL RESULTS FOR ELDER MINE FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED DECEMBER 31, 
--->2017
___________________________________________________

Mont-St-Hilaire, Quebec, Canada, March 12, 2018

Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE and Frankfur
--->t Stock Exchanges: AML-FF) ("Abcourt" or the "Company") is please to announce excellent operating and financial result
--->s for the Elder mine for the three-month and six-month periods ended December 31, 2017. 

Highlights are as follows

4,225 ounces of gold sold at an average price of CAN $1,627 (US $1,281) in the second quarter with revenues of $6,873,
--->133; 
Sale for the semester ended December 31, 2017, of 6,509 ounces of gold at an average price of CAN $1,627 (US $1,289) f
--->or a total revenu of $10,589,947; 
A net income for the quarter of $784,748 and for the semester of $510,929;
A gros profit for the quarter of $1,023,283 and for the semester of $886,014;
A substantial increase in tonnes treated at Sleeping Giant mill, an increase of 42% over the previous quarter;
Average production cash costs (1) for the quarter was CAN $1,293 (US $1,018) per ounce, a decrease of 5% over the same
---> quarter of the previous year which was CAN $1,358 (US $1,020) per ounce. In 2017, important maintenance costs to the 
--->Sleeping Giant mill resulted in an upward impact on the average production cash costs (1);
All-in sustaining costs (1) of CAN $1,526 (US $1,202) per ounce, a decrease of 15% over the all-in sustaining costs (1
--->) for the year 2017 which was CAN $1,810 (US $1,387) per ounce;
Abcourt reaches its production costs reduction objectives;
The operating cash-flow was $1,187,150 for the six-month period ended December 31, 2017;
Cash balance at the end of the quarter was CAN $3,346,810 including the net proceed of $995,212 related to a private f
--->inancing completed on December 21, 2017 and in amounts receivables of $1,160,723 mainly from the sale of gold;
A surface drilling program was started in September on the Elder property. Several good intersections were cut. This p
--->rogram was continued to the end of December. Additional exploration and definition drilling is planned for 2018;
In 2018, about 8000 meters of drilling is planned on the Aldermac, Discovery and Dormex properties; 
Abcourt is focussing on increasing the Elder production to 12,000 tonnes per month. The new work schedule introduced a
--->t the end of November 2017 increased the working hours per month and will help reach our production goal; 
Abcourt maintains its goal to increase the overall profitability of the Company with a close control on Elder mine and
---> Sleeping Giant mill production costs and by improving the Elder mine production grade.

Refer to the Non-IFRS Performance Measures disclosure presented at the end of this press release.

About Abcourt Mines Inc. 

Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically located properties in nort
--->hwestern Quebec, Canada. The Elder property has gold resources (2012) and a positive P.E.A. study.  Abcourt is focusin
--->g 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 / Gen
--->ivar on the Abcourt-Barvue project. 
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and Matagami, in Abitibi, Qu
--->ebec, in the territory covered by the Plan Nord of the Quebec government.  The mill has a capacity of 700 to 750 tonne
--->s per day. Resources are being revised now.
To know more about Abcourt Mines Inc. (TSXV: ABI), please visit our web site at www.abcourt.com and consult our filing
--->s under Abcourt's profile on www.sedar.com.
This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt Mines Inc.  Mr. Hinse is a "Qua
--->lified Person" under the terms of Regulation 43-101.

Non-International Financial Reporting Standards ("IFRS") Performance Measures.

In this press release, the terms " average production cash costs ", " all-in sustaining costs " are used, which are no
--->n-IFRS performance measures, and may not be comparable to similar measures presented by other companies. The Company b
--->elieves that, in addition to conventional measures prepared in accordance with IFRS, the Company and certain investors
---> use this information to evaluate the Company's performance. Accordingly, these non-IFRS measures are intended to prov
--->ide additional information and should not be considered in isolation or as a substitute for measures of performance pr
--->epared in accordance with IFRS. For full disclosure and reconciliation of these measures, refer to the Non-GAAP Financ
--->ial Performance Measures section contained in the second quarter of 2018 Management's Discussion and Analysis 

Forward-Looking Statements

This news release contains forward-looking statements that include risks and uncertainties. When used in this news rel
--->ease, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressi
--->ons, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking statem
--->ents. The forward-looking statements are based on current expectations and apply only as of the date on which they are
---> made. Except as may be required by law, the Corporation undertakes no obligation and disclaims any responsibility to 
--->publicly update or revise any forward-looking statements or information, whether as a result of new information, futur
--->e events or otherwise.

The factors that could cause actual results to differ materially from those indicated in such forward-looking statemen
--->ts include changes in the prevailing price of gold, the Canadian-United States exchange rate, grade of ore mined and u
--->nforeseen difficulties in mining operations that could affect revenue and production costs. Other factors such as unce
--->rtainties regarding government regulations could also affect the results. Other risks may be set out in Abcourt' annua
--->l and periodic reports. The forward-looking information contained herein is made as of the date of this news release.

For more information, please contact: 

Renaud Hinse, President and CEO 
T: 819 768-2857 450 446-5511 
F: 819 768-5475 450 446-3550 
Email: rhinse@abcourt.com 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.