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ABI.V ·

Abcourt apppoints Robert Gagnon as Vice President Exploration

Corporate Updates

For immediate release

TSX Venture: ABI.V

Abcourt apppoints Robert Gagnon as Vice President Exploration

Rouyn-Noranda, Canada, July 12, 202 3 - Abcourt Mines Inc. (“Abcourt” or the

“Corporation”) (TSX Venture: ABI) is pleased to announce the appointment of Mr. Robert

Gagnon, geo., as Vice-President Exploration for Abcourt.

In his new role, Mr. Gagnon will lead all exploration activities on Abcourt's mining properties,

including the evaluation of partnerships to accelerate the development of ce rtain Abcourt

properties.

Robert Gagnon holds a bachelor's degree in geology from the University of Quebec in Chicoutimi

and is a member of the Ordre des géologues du Québec. Mr. Gagnon has extensive experience

in managing exploration projects and evaluati ng deposits. He was President of Pershimex

Resources Corporation from 2013 until its amalgamation with Abcourt in May 2023 and as such,

has a very good knowledge of the mining properties thus acquired from Pershimex.

Abcourt owns several gold and polymetallic properties that have strong exploration potential in

Abitibi. Abcourt also owns the Sleeping Giant mine and mill which could potentially be fed by

other deposits which would complement the future production of Sleeping Giant. As an example,

Abcourt recently published a mineral resource estimate for the Discovery and Flordin deposits

located 80 km from the Sleeping Giant mill.

Pascal Hamelin, President and Chief Executive Officer, comments: "Abcourt continues to

implement its action plan to develop the mining camp around its Sleeping Giant plant, and Robert

will be an asset to our team in order to accelerate the development of our existing deposits or the

discovery of new deposits within our properties. His expertise and knowledge of Abitibi will make

a significant contribution to Abcourt. »

Robert Gagnon, VP Exploration, comments: “I am pleased to join the Abcourt team and to be able

to bring my expertise of nearly 25 years in mineral exploration. Our portfolio of diversified

properties, combined with the plant and the Sleeping Giant mine, makes our company an example

of complete integration in Abitibi. I am proud to be able to integrate the structure set up by Abcourt

and thus be able to contribute to the development of its quality assets. »

ABOUT ABCOURT MINES INC.

Abcourt Mines Inc. is a Canadian exploration corporation with strategically located properties in

northwestern Q uébec, Canada. Abcourt owns the Sleeping Giant mill and mine where it

concentrates its activities.

For further information, please visit our website at www.abcourt.ca and consult our filings under

Abcourt's profile on www.sedar.com, or contact:

Pascal Hamelin

President and CEO

T: (819) 768-2857

E: [email protected]

Dany Cenac Robert, Investor Relations

Reseau ProMarket Inc.,

T: (514) 722-2276, post 456

E: [email protected]