Mr. Pascal Hamelin reports

ABCOURT APPOINTS A NEW DIRECTOR AND GRANTS STOCK OPTIONS

Abcourt Mines Inc. has appointed Jasmine Hinse as director of the corporation, in replacement of Renaud Hinse, who died in June, 2023.

Ms. Hinse has a bachelor's degree in law and a notarial law diploma from Laval University and she was a member of the Barreau du Quebec from 2004 until she retired in 2020. She has also completed the university certification program in corporate governance from the College of Corporate Directors of Laval University. From 2006 to 2020, she held the position of director of corporate legal affairs at Fondaction, the development fund of the Confederation of National Trade Unions for co-operation and employment. Previously, from 2000 to 2006, she held the following positions at the Caisse de depot et placement du Quebec: deputy secretary general at the general secretariat and legal adviser for a real estate subsidiary. Until 2000, Ms. Hinse practised as a notary in a firm established in Val d'Or.

The board of directors of Abcourt has also granted an aggregate amount of 17.5 million common share purchase options to its directors and officers and to employees and some consultants, of which 13.3 million options to the directors and officers and 1.8 million to persons performing investor relations activities. The options were granted at an exercise price of five cents and will expire on Aug. 23, 2028. The options were granted pursuant to the stock option plan of Abcourt, which was modified by the board of directors to increase the maximum number of common shares that can be issued upon exercise of options to 42.81 million, representing 10 per cent of the outstanding common shares of Abcourt. This amendment to the stock option plan is subject to the approval of the TSX Venture Exchange.

About Abcourt Mines Inc.

Abcourt Mines is a Canadian exploration corporation with strategically located properties in northwestern Quebec, Canada. Abcourt owns the Sleeping Giant mill and mine, where the company concentrates its activities.