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File: Press Release September 2018.doc


FOR IMMEDIATE RELEASE



43-101 RESOURCES CALCULATION OF THE SLEEPING GIANT MINE
________________________________________________________________
Mont-St-Hilaire, Quebec, Canada, September, 2018
 
M. Renaud Hinse, president and Chief Executive Officer of Abcourt Mines Inc. (the " Company " or " Abcourt ") (TSX Ven
--->ture Exchange : ABI, Berlin : AML-BE and Frankfort : AML-FF) announces that a NI 43-101 resource calculation has recen
--->tly been prepared by Jean-Pierre Berube, geological engineer. He is a qualified and independent person under National 
--->Instrument 43-101 and has relevant experience in this area.
 
A summary of Measured, Indicated and Inferred Resources is presented in the following table:

ZONE
 MEASURED
 INDICATED
 MEASURED + INDICATED
 INFERRED
 
 
 Tonnes
 Grade (g/t)
 Tonnes
 Grade (g/t)
 Tonnes
 Grade (g/t)
 Tonnes
 Grade (g/t)
 
 J
  
  
 46 802
 9,88
 46 802
 9,88
 13 806
 5,70
 
 D
  
  
 37 920
 8,64
 37 920
 8,64
 10 948
 9,60
 
 2
  
  
 5 447
 13,28
 5 447
 13,28
 1 280
 7,80
 
 3
  
  
 40 510
 9,54
 40 510
 9,54
  
  
 
 6
  
  
 15 434
 8,60
 15 434
 8,60
 18 483
 16,64
 
 7
  
  
 31 199
 10,42
 31 199
 10,42
  
  
 
 8
  
  
 3 350
 6,26
 3 350
 6,26
 3 627
 9,87
 
 8 Sig
  
  
 18 434
 9,59
 18 434
 9,59
  
  
 
 8N
 2 993
 15,50
 11 368
 10,44
 14 361
 11,49
  
  
 
 9
  
  
 12 297
 7,08
 12 297
 7,08
  
  
 
 15
  
  
 15 664
 13,86
 15 664
 13,86
 13 619
 8,07
 
 16
  
  
 15 816
 11,10
 15 816
 11,10
 22 165
 15,36
 
 18
  
  
 9 497
 14,33
 9 497
 14,33
 2 096
 10,80
 
 20
  
  
 9 763
 10,79
 9 763
 10,79
  
  
 
 30
  
  
 8 418
 10,09
 8 418
 10,09
  
  
 
 30 Parc
  
  
 4 981
 10,70
 4 981
 10,70
  
  
 
 30FW
  
  
 6 155
 8,43
 6 155
 8,43
  
  
 
 30HW
  
  
 2 303
 6,46
 2 303
 6,46
  
  
 
 30W
  
  
 31 532
 13,29
 31 532
 13,29
 4 324
 14,50
 
 30 Shadow
  
  
 26 120
 8,89
 26 120
 8,89
  
  
 
 50
 2 020
 6,93
 10 182
 10,67
 12 202
 10,05
 1 434
 13,40
 
 78H
 5 902
 12,28
  
  
 5 902
 12,28
 1 290
 7,00
 
 785N
  
  
 112 440
 14,27
 112 440
 14,27
  
  
 
 Total
 10 915
 12,17
 475 633
 11,17
 486 548
 11,20
 93 073
 0,00
 
 Rounded
 10 900
 12,20
 475 625
 11,20
 486 500
 11,20
 93 100
 11,85
 
 

Summary table of mineral resources as estimated in 2018



Calculation criteria used:
Cut-off grade of 6.5 g/t Au. Some polygons under this cut-off grade were included to ensure the continuity of the zone
--->s,
Price per ounce of gold at US $ 1,225 (3 years average) and an exchange rate of US $ 1 = 1.20 Can $,
Maximum content: 60 g/t Au for core samples and 55 g/t Au for chip samples. A grade of 32 g/t Au was applied for the p
--->olygons generated by the 2013-2014 drilling.
Specific Gravity: 2.85 g/cm3 as used in previous resource estimates,
Resources were evaluated from diamond drill samples and face samples using the polygon method applied to inclined long
--->itudinal sections,
The minimum true thickness of the veins is calculated from its dip; 1.6 metre for veins having more than 50degree and 
--->1.8 metres for those having less than 50degree,
The vein content is determined by the drilling intersection and the content of the adjacent material to meet a minimum
---> thickness of 1.6 or 1.8 metre,
One Troy ounce = 31.1035 grams. The metric system was used for these calculations (metres, tonnes and grams/tonne),
Calculated tonnes have been rounded to the nearest hundred. Differences in the calculation total are due to rounded fi
--->gures as recommended by NI 43-101,
ICM definitions and guidelines were used for this resource calculation.


 
Plan view of level 665 showing drifts and cross-cuts in known mineralized areas and the geological context
 


Quality Control and Reporting Protocols:
Considering the potential sources of errors that a laboratory may encounter in the context of large-scale sampling, Au
--->rbec introduced a Quality Assurance and Quality Control (QA/QC) program in 2013-2014. This program consisted of 1) the
---> use of a control laboratory (Agat) to verify the accuracy of pulps and rejects results, 2) the insertion of blanks to
---> control the sources of contamination, 3) the insertion of pulps in renumbered core sample rejects whose gold content 
--->was known to evaluate the reproducibility of the results and finally 4) insertion of Rocklabs certified referenced mat
--->erial.

Core samples taken from diamond drill holes were split in two equal parts with a core splitter by Aurbec's employees. 
--->One half of the carrot was prepared to determine its gold content while the other half was kept in the core box. The w
--->hole core from definition drilling samples was analyzed at the mine's laboratory.

The reception and preparation of samples at the mine's laboratory was done according to the accepted standards of the 
--->industry. The steps of drying, grinding (80% passing 10 mesh), splitting and pulverization were followed to produce 20
--->0 grams of pulp of which 80% passes a 200-mesh screen. A pulp fraction weighing just under 15 grams (half assay-ton) w
--->as used to determine the gold content of each sample. Although this quantity of pulp is one-half that used in the indu
--->stry (one assay-ton) for gold determination made during exploration programs, it is considered sufficient when used fo
--->r mining sites given the large number of samples taken by producing mines. The analytical method consisted of pyro-ana
--->lysis with an atomic absorption finish. The method has a detection limit of less than 0.01 g/t Au.

After having examined Aurbec's internal protocol for controlling analytical results and compared 588 pulps and rejects
---> made by an accredited external laboratory (Agat), the author is of the opinion that the manipulation, sampling and an
--->alysis of core samples, as performed at the mine's laboratory, are consistent with current industry standards.

Moreover, considering that;

the gold mineralization of the VMS-type vein deposits (which includes the Sleeping Giant gold deposit) is, by its natu
--->re, distributed more homogeneously than the gold contained in the classical vein deposits (Rafini, 2015),
the validation work done by InnovExplo (Jourdain, 2013) from drillings carried out prior to 2013, in areas also target
--->ed by the 2013-2014 drilling program, concluded that the drilling database was adequate and reliable,
The update of the diamond drillhole database was done by Mr. Denis Desjardins, a qualified geologist having an extensi
--->ve experience of the Sleeping Giant geology.

The author, Jean-Pierre Berube, is of the opinion that the analytical results of the Sleeping Giant mine's laboratory 
--->can be used safely for this mineral resource estimate.

 
Conclusions of the report :

After having conducted a detailed review of all relevant information and completed the current mineral resource estima
--->te, the author concludes the following:

Although very complex, the geological continuity and grades of the gold zones of the Sleeping Giant project have been 
--->demonstrated;
The Sleeping Giant project contains more than 22 mineralized zones spread over several levels;
With resources of 122,400 tonnes @ 14.3 g/t Au, the 785N zone ranks fifth among the major zones discovered so far afte
--->r zones 3, 8, 20 and 30;
The extension of several mineralized zones has not been drilled so that it is possible to "rediscover" areas using exi
--->sting access;
There are strong possibilities that a future diamond drilling program will promote inferred resources to the indicated
---> category or to allow some known areas to extend laterally and at depth.

Recommendations:

For the reasons listed in his report, available on Sedar (www.sedar.com), Mr. Berube recommends a major program of und
--->erground exploration and evaluation including the rehabilitation of infrastructures, the excavation of the last segmen
--->t of the ore pass, the excavation of approximately 2,200 metres of cross-cuts and drifts and a provision of $ 1.2 mill
--->ion for exploration and definition drilling. The global budget represents a total of $ 8.2 million which will be sprea
--->d over a period of two (2) years.

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.

In 2016, Abcourt acquired the Sleeping Giant mine located halfway between Amos and Matagami, in Abitibi, Quebec, in th
--->e territory covered by the Government of Quebec's Northern Plan. Abcourt is the sole owner of the Sleeping Giant prope
--->rty which consists of four (4) leases and forty (40) mineral titles. The Sleeping Giant mine has an operating mill tha
--->t can process 700 to 750 tonnes of gold mineralization per day.

The Elder property contains gold resources and was the subject of a positive PEA study in 2012. Abcourt is currently f
--->ocusing on the operation of the Elder Mine. 

The Abcourt-Barvue property has mineral resources in silver and zinc (2014). A feasibility study was completed by Roch
--->e and Genivar in 2007 and an update is in progress.

For more information on Abcourt Mines Inc. (TSXV: ABI), please visit our website (www.abcourt.com) and the Sedar websi
--->te (www.sedar.com).

This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt Mines Inc. Mr. Hinse is a Quali
--->fied Person under NI 43-101 rules.  Mr. Hinse has approved the scientific and technical disclosure.

 
Prospective Statements

This news release contains forward-looking statements that involve risks and uncertainties. In this press release, the
---> terms "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as w
--->ell as other verbs in the future, is intended to identify forward-looking statements. Forward-looking statements are b
--->ased on current expectations and are relevant only as of the date of their publication. Except as permitted by applica
--->ble law, the Company makes no commitment or responsibility to publicly update or revise any forward-looking statements
---> or forward-looking statements in the light of new data, future events or otherwise.

The factors that may cause actual results to differ materially from those indicated in the forward-looking statements 
--->include changes in the prevailing market price of gold, the value of the Canadian dollar relative to the US dollar, th
--->e grade of the mineralization mined and unforeseen difficulties in mining operations that may affect revenues and prod
--->uction costs. Other elements, such as uncertainties in government regulations, could also alter the results. Where app
--->licable, other risks may be described in the annual and periodic reports of Abcourt Mines Inc. The forward-looking inf
--->ormation included in this document is made as of the date of this press 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) accept responsibility for the adequacy or accuracy of this release.