Abcourt Mines Inc. (TSX-V: ABI) is pleased to announce that cleaning its Sleeping Giant Mill continues with the recovery of 1,662 ounces of gold since October 1, 2022.

Indeed, Abcourt mandated a firm specializing in gold mill cleanup in August 2022. This firm started cleaning the mill in September and continues the gold recovery process. Abcourt plans to continue cleaning for another several weeks until February 2023. Abcourt currently recovers the gold which has been trapped for decades in the circuit of the Sleeping Giant Mill. We recall that the mill began operations in 1988 and that more than 3,000,000 tonnes of ore at a grade greater than 10 g/t Au were processed between 1988 and 2014.

Reminder to shareholders

The Annual and Extraordinary General meeting of the shareholders of Abcourt (the Meeting) will take place on December 20, 2022. Abcourt encourages its shareholders to exercise their voting rights until December 16, 2022 at 5:00 p.m. at the latest (normal time of the East) by phone, by internet, by fax or by sending their proxy or voting instruction form to Computershare, as indicated in the Notice of Meeting. The shareholders’ votes are important each year, and this year are even more so. The shareholders are called upon to vote on several very important special resolutions including the proposals to consolidate the share capital and to change the name of the Corporation. The management of Abcourt asks all its shareholders to vote according to the recommendations of the management indicated in the management information circular relating to the proxies for the Meeting, a copy of which is available on the SEDAR site www.sedar.com, at the Corporation profile.

Qualified Persons

Mr. Pascal Hamelin, ing, President and Chief Executive Officer of the Corporation, has verified and approved the technical information contained in this press release.

Mr. Hamelin is a qualified person under NI 43-101.

ABOUT ABCOURT MINES INC.

Abcourt Mines Inc. is a gold producer and 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.