Mr. Pascal Hamelin reports

ABCOURT ESTABLISHES SURETY FACILITY RESULTING IN BALANCE SHEET IMPROVEMENT

In collaboration with Purves Redmond Ltd. and a Canadian insurance company, Abcourt Mines Inc. has established a surety facility with respect to its Sleeping Giant and Elder environmental bonds totalling $5,867,786. The facility requires the company to provide a letter of credit secured by cash collateral of $2,933,893 and pay an annual fee.

The facility allows Abcourt to withdraw finances of $5.9-million from the Ministry of Natural Resources and results in a net improvement to Abcourt's cash position of $2.9-million. This additional financial flexibility will be beneficial in the short term while Abcourt begins to sell gold to the market from the processing of mineralized materials from Pershing-Manitou deposit in the Sleeping Giant mill.

About Abcourt Mines Inc.

Abcourt Mines is a Canadian gold exploration company with properties strategically located in Northwestern Quebec, Canada.

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