Mr. Pascal Hamelin reports

ABCOURT RESUMES DRILLING ON ITS FLORDIN PROPERTY WITH A 20,000-METRE CAMPAIGN

Abcourt Mines Inc. is undertaking a 20,000-metre drilling program on the Flordin property.

This drilling campaign (phase 2) will be divided between the Cartwright sector and the South zone sector, which were the subject of a first phase of drilling of approximately 4,000 metres last year. The ultimate objective of this campaign is to extend the various gold-bearing zones at depth and laterally to establish the connection of all mineralized zones over more than two kilometres.

The gold mineralization observed in both areas (Cartwright and South zone) is characterized by the presence of pyrite bands in altered hematite-silica-carbonate-rich zones within the Cameron deformation zone.

Summary of phase 2 of the drilling campaign

Cartwright area

Approximately 10,000 metres of drilling will be completed in the Cartwright area under stripping completed in 2024 and 2025, as well as in the eastern extension of the mineralized zone to the boundary of the company's property and Agnico Eagle Mines' Kinebic property.

The new holes are aimed at confirming the continuity of mineralization to the east and west. The historic Adam-Horse and Little Joe gold zones are connected to each other. The host, which is a basalt-andesitic, contains gold grades ranging from 100 parts per billion to more than three grams per tonne gold. The unification of these three gold zones creates large potentially economic gold envelopes of several tens of metres.

South zone sector

Approximately 10,000 metres of drilling is planned in the eastern extensions and at depth of the South zone of the Flordin deposit. This gold-bearing zone was discovered in 1988 by Cambior. Abcourt intersected in the eastern extension of this zone up to 1.1 grams per tonne gold over 47.2 metres (press release dated March 18, 2025).

The new drilling will attempt to confirm the extension of the South zone both to the east and at depth. Short drilling will also be done in the vicinity of the Altered zone, which was intercepted last year in hole FL-25-283 and returned 0.9 gram per tonne gold over 19 metres including 3.1 g/t gold over 3.1 metres near surface (press release dated April 23, 2025).

Pascal Hamelin, president and chief executive officer, commented: "This second phase of drilling of a minimum of 20,000 metres is only the beginning of our ambitious development plan for our Flordin project. By confirming the connection of the mineralization observed in the Cartwright and Flordin areas, we will have a high-grade gold corridor of more than two kilometres in length and less than 30 kilometres from the town of Lebel-Sur-Quevillon."

Qualified person

Robert Gagnon, PGeo, the company's vice-president, exploration, has reviewed and approved the technical information contained in this press release.

About Abcourt Mines Inc.

Abcourt Mines is a Canadian development gold company with mining properties strategically located in northwestern Quebec, Canada. Abcourt owns the Sleeping Giant mine and mill and the Flordin property, where it focuses its activities.

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