Mr. Pascal Hamelin reports

ABCOURT CLOSES A FOURTH AND FINAL TRANCHE OF THE PRIVATE PLACEMENT OF UNITS PREVIOUSLY ANNOUNCED, FOR AN ADDITIONAL AMOUNT OF $250,000

Abcourt Mines Inc. has completed a fourth and final tranche of the non-brokered private placement announced on Aug. 31, 2023, for additional gross proceeds of $250,000, representing 6.25 million units of the corporation at a price of four cents per unit. In the aggregate, the corporation raised $2,580,150 in gross proceeds under the offering.

Each unit consists of one common share of the corporation and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at a price of five cents for a period of 36 months.

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 are 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. The offering remains subject to final approval of the 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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