Mr. Pascal Hamelin reports

ABCOURT AMENDS THE TERMS OF THE NON-BROKERED PRIVATE PLACEMENT ANNOUNCED IN JUNE 2023

Abcourt Mines Inc. has amended the terms of the non-brokered private placement announced in June, 2023, for which no closing occurred. It is now expected to raise gross proceeds of up to $3-million, consisting of up to 75 million units of the corporation at a price of four cents per unit. Each unit will consist of one common share of the corporation and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of five cents for a period of 36 months following the closing date of the offering.

It is expected that the net proceeds from the offering will be used in a proportion of 60 per cent to advance activities for development and exploration at the Sleeping Giant gold project in the Abitibi greenstone belt of Quebec and 40 per cent for working capital and general corporate purposes.

All securities issued in connection with the offering will be subject to a restricted period ending on the date that is four months plus one day following the date of their issuance, in accordance with Canadian securities laws and policies of the TSX Venture Exchange.

A first closing of the offering is expected to take place on or around Sept. 6, 2023, and remains subject to certain conditions, including receipt of 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 it concentrates its activities.

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