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ABI.V ·

Abcourt files the Technical Report and the Preliminary Economic Assessment for the Sleeping Giant Project

Technical Reports (NI 43-101) Economic Studies

For immediate release

TSX Venture: ABI.V

Abcourt files the Technical Report and the Preliminary Economic Assessment for

the Sleeping Giant Project

Rouyn-Noranda, Canada, July 19, 202 3 - Abcourt Mines Inc. (“Abcourt” or the

“Corporation”) (TSX Venture: ABI) is pleased to announce that it has filed the Technical Report

and the Preliminary Economic Assessment for the Sleeping Giant Project in accordance with

National Instrument 43 -101 - Disclosure Standards for Mining Projects. The technical report

entitled " NI 43-101 Technical Report & Preliminary Economic Assessment for Sleeping Giant

Project, Eeyou Istchee James Bay, Québec, Canada " and dated July 19, 2023 (with an effective

date of June 7, 2023) was prepared for Abcourt by the firm InnovExplo of Val-d'Or. The technical

report is available on SEDAR (www.sedar.com) under Abcourt's issuer profile.

The Abcourt’s news release dated June 7, 2023 (entitled “Abcourt releases a Positive Preliminary

Economic Assessment for its Sleeping Giant Gold Project ”) summarized certain key results,

assumptions and estimates contained in the Technical Report filed on SEDAR.

Qualified Person

Mr. Pascal Hamelin, ing, President and Chief Executive Officer of the Corporation, has verified

and approved the technical information contained in this press release.

ABOUT ABCOURT MINES INC.

Abcourt Mines Inc. is a n emerging 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.

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]

The TSX Venture Exchange and its regulatory service provider (as defined in the policies of the TSX

Venture Exchange) assume no responsibility for the adequacy or accuracy of this press release .