Abcourt Announces Additional Non-Published 2014 Diamond Drilling Results at the Sleeping Giant MINE ___________________________________________________

FOR IMMEDIATE RELEASE

TSX Venture – ABI.V

October 24, 2017

ABCOURT ANNOUNCES ADDITIONAL NON-PUBLISHED 2014

DIAMOND DRILLING RESULTS AT THE SLEEPING GIANT MINE

___________________________________________________

Mont-St-Hilaire, Québec, Canada, October 24, 2017

Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. (TSX -

V: ABI, Berlin: AML -BE and Frankfurt Stock Exchanges: AML -FF) (“Abcourt” or the

“Company”) announce s that a review of available documents at the Sleeping Giant mine

indicates that more than fifty (50) underground holes were drilled after the last Press

Release by Aurbec Mines Inc on May 26, 2014.

Eleven (11) holes cut high gold values. These holes are in addition to the fourteen (14) holes

reported previously . The intersections, on a minimum orthogonal thickness of 1.6 meter ,

gave a non-cut average of 12.09 grams of gold per tonne.

These holes were drilled under the supervision of Denis Desjardins, geol ogist who at that

time worked for Mines Aurbec and who is currently working for Abcourt Mines Inc. Mr.

Desjardins is a qualified person according to NI 43-101. Here is a table of results:

Estimate of grade for an orthogonal minimum width of 1.6 meter

Hole Strike Dip Strike Dip

( ° ) ( ° ) ( ° ) ( ° ) Au (g/t) (m) width meter Au (g/t) (m)

LEVEL 415

41-400-14 N177.8° +43.0° N068° -60° 17.54 4.20 3.94 17.54 3.9

41-402-14 N180.2° +39.7° N068° -60° 14.35 0.70 0.66 5.87 1.6

41-403-14 N177.5° +53.9° N068° -60° 8.69 1.10 0.97 5.28 1.6

41-405-14 N176.3° +54.7° N068° -60° 9.66 1.00 0.88 5.33 1.6

41-405-14 N175.9° +54.2° N068° -60° 37.78 2.60 2.31 37.78 2.3

41-407-14 N179.2° +22.1° N068° -60° 10.68 1.10 1.03 6.88 1.6

41-407-14 N179.5° +21.6° N068° -60° 14.21 1.00 0.93 8.29 1.6

LEVEL 605

60-419-14 N330.4° -17.9° N025° -60° 14.51 0.70 0.58 5.24 1.6

60-420-14 N315.3° -26.8° N025° -55° 14.02 0.80 0.76 6.62 1.6

60-421A-14 N315.3° -25.0° N025° -60° 6.01 1.90 1.80 6.01 1.8

60-421A-14 N320.3° -21.1° N025° -55° 28.3 1.10 0.99 17.46 1.6

LEVEL 975

97-488-14 N267.6° -28.5° N014° -41° 33.05 1.10 1.01 18.45 1.8

97-490-14 N282.6° -16.8° N014° -41° 18.93 0.70 0.59 6.23 1.8

97-493-14 N295.8° -1.5° N014° -41° 15.94 0.80 0.53 4.68 1.8

Minimum

orthogonal

width

Drill hole Vein attitude Assays

SG Length

Orthogonal

Revised

SG assays

uncut

The orthogonal width is estimated from the length of core, the altitude of the drill hole and of the mineralized vein.

The wall rock included in the average was taken at 0 grams of gold per tonne.

SG assays indicates assays done at the Sleeping Giant mine lab.

These assays will be used in the revised 43-101 resource estimate currently being made.

Qualified Persons and Quality Control and Quality Assurance Protocols

Valère Larouche, Ing., was on -site manager, and Denis Desjardins, P.Geo., was responsible

for design and conduct of the exploration program in 2013 -2014. Both professionnals were

employees of Aurbec at the time of the drilling campaign. Forages M. Rouillier Inc. was the

diamond drill contractor. Denis Desjardins is senior geologist working now for Mines Abcourt

inc., at the Sleeping Giant site.

This press release reports un -cut core length assays, as indicated previously, with an

estimation of a minimum orthogonal width of 1.6 meter.

Diamond drill core samples are split, with half returned to the core box and the other half

bagged, tagged and submitted to Aurbec’s on -site assay laboratory at the Sleeping Giant

Mine. Aurbec’s laboratory is neither independen t nor accredited. Quality control and quality

assurance protocols include insertion of blanks, duplicates and standards to monitor

laboratory accuracy and precision. Aurbec also submits pulps to AGAT Laboratories or ALS

Global Geochemistry Laboratories f or independent and ISO accredited duplicate assays.

Batches that fail QA/QC protocol are rerun. Unaccredited assays are used in weighted

average calculations when an independent check assay is not available.

AGAT Laboratories Ltd is certified to the ISO 9 001 standard, and accredited with ISO/IEC

17025:2005, for specific tests that conform to CAN-P-1579.

ALS Global Geochemistry laboratories are registered with ISO 9001:2008 and accredited with

ISO/IEC 17025 for specific laboratory procedures.

About Abcourt Mines Inc.

Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically

located properties in northwestern Quebec, Canada. The Elder property has gold resources

(2012) and a positive P.E.A. study. Abcourt is focusing on the exploitation of the Elder mine.

The Abcourt -Barvue property has silver –zinc resources (201 4). A feasibility study was

completed in 2007 by Roche / Genivar on the Abcourt-Barvue project.

In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half -way between Amos

and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec

government. The mill has a capacity of 700 to 750 tonnes per day.

To know m ore about Abcourt Mines Inc. (TSXV: ABI), please visit our web site at

www.abcourt.com and consult our filings under Abcourt’s profile on www.sedar.com.

This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt

Mines Inc. Mr. Hinse is a “Qualified Person” under the terms of Regulation 43-101.

Forward-Looking Statements

This news release contains forward -looking statements that include risks and uncertainties.

When used in this news release, the words "estimate", "project", "anticipate", "expect",

"intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall " and other

indications of future tense, are intended to identify forward -looking statements. The forward -

looking statements are based on current expectations and apply only as of the date on which

they are made. Except as may be required by law, the Corporation undertakes no obligation

and disclaims any responsibility to publicly update or revise any forward -looking statements

or information, whether as a result of new information, future events or otherwise.

The factors that could cause actual results to differ materially from those indicated in such

forward-looking statements include changes in the prevailing price of gold, the Canadian -

United States exchange rate, grade of ore mined and unforeseen diff iculties in mining

operations that could affect revenue and production costs. Other factors such as uncertainties

regarding government regulations could also affect the results. Other risks may be set out in

Abcourt’ annual and periodic reports. The forwar d-looking information contained herein is

made as of the date of this news release.

For more information, please contact:

Renaud Hinse, President and CEO

T: 819 768-2857 450 446-5511

F: 819 768-5475 450 446-3550

Email : [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or

accuracy of this release.