Abcourt Mines Inc. (TSX-V: ABI) (OTCQB : ABMBF) reported its results for the fourth quarter and year ended June 30, 2026. All monetary values in this press release are expressed in Canadian dollars, unless otherwise indicated. Financial statements and management discussion and analysis are available on SEDAR+.

Summary of financial results

* Working capital is a non-IFRS measurement with no standardized meaning under IFRS. For further information, please see section “Non-IFRS Measure”.

• Beginning of the development phase at Sleeping Giant property.
• Conclusion of a financing agreement with our partner Glencore AG during the fiscal year.
• An increase in working capital for the fiscal year ended June 30, 2026, resulting in working capital of $7,512,813, compared to working capital of $2,952,725 as of June 30, 2025.

Pascal Hamelin, President and CEO, said: “Fiscal year 2026 was a significant year in terms of achievements at the Sleeping Giant property. Following the financing completed with Nebari on July 3, 2025, the Sleeping Giant property has moved into development mode. With preparations for production having begun in August 2025, the Company is gradually continuing the development of the property.”

Non-IFRS Measure

This press release presents working capital as a performance measure which is non-International Financial Reporting Standards (IFRS) performance measure. The Corporation believes that this measure provides investors with an improved ability to evaluate the performance of the Corporation. Non-IFRS measures do not have any standardized meaning prescribed under IFRS. Therefore, such measures may not be comparable to similar measures employed by other companies. This data may not be comparable to data presented by other companies. Non-GAAP financial performance measures should be considered together with other data prepared in accordance with IFRS.

The Corporation determines working capital as follows: current assets less current liabilities.

Abcourt Mines Inc.

Abcourt Mines Inc. is a Canadian gold company developing the Sleeping Giant mine and in exploration for its other properties strategically located in northwestern Quebec, Canada. Abcourt owns the 100% owned Sleeping Giant mine and mill and the Flordin exploration property, where it focuses its operations.