Abcourt Mines Inc. (TSX-V: ABI) (OTCQB: ABMBF) is pleased to announce the closing of a non-brokered private placement of 20,866,666 units of the Corporation at a price of $0.06 per Unit for aggregate gross proceeds of $1,251,999.96.

“I would like to thank our current shareholders for their continued support and would like to welcome NQ Investissement Minier as a new shareholder of Abcourt”, commented Abcourt’s CEO, Pascal Hamelin. “NQ Investissement Minier’s participation and interest in our company serve as a significant endorsement within the sector, highlighting the potential of our projects.”

Each Unit consists of one common share of the Corporation and one common share purchase warrant. Each Warrant entitles its holder to purchase one Common Share at a price of $0.08 for a period of 36 months.

The Corporation intends to use the net proceeds from the Private Placement to advance activities for development and exploration at the Sleeping Giant Gold Project in the Abitibi Greenstone belt of Quebec.

The Private Placement remains subject to approval of the TSX Venture Exchange. All securities issued in connection with the Private Placement are subject to a statutory hold period ending on the date that is four months plus one day following the date of their issuance.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About NQ Investissement Minier

NQ Investissement Minier was launched as a joint effort between The Société de développement de la Baie-James (SDBJ) and l’Administration Régional Baie-James (ARBJ). The investment fund specializes in financing mining companies respecting the principals of sustainable development in the territory of Nord-du-Québec.

About Abcourt Mines Inc.

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