Abcourt Presents Operations Update FOR January 2026 IN the Development of the Sleeping Giant MINE
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For immediate release
TSX Venture Exchange: ABI. V
ABCOURT PRESENTS OPERATIONS UPDATE FOR JANUARY 2026 IN THE
DEVELOPMENT OF THE SLEEPING GIANT MINE
Rouyn-Noranda, Canada , February 18, 2026 – Abcourt Mines Inc. (“ Abcourt” or the “ Corporation”) (TSX
Venture: ABI) (OTCQB: ABMBF) is pleased to provide an update on the development work completed in January
2026 at the Sleeping Giant Mine, located in the Eeyou Istchee region of Québec.
In January, Abcourt continued to actively advance the stopes development at the Sleeping Giant Mine while
significantly strengthening its operational capacity. During the month, 25 new employees joined the team,
supporting the acceleration of underground and mill activities. The Cor poration now employs more than 125 people,
in addition to numerous contractors. O perations delivered an exceptional performance, marked by record
production driven by higher processed tonnage and ore grades exceeding those of all previous months. These
results reflect both the team’s growing operational efficiency and the asset’s potential, positioning the Corporation
favorably for the continued ramp-up of operations.
As we begin the year, Abcourt wishes to share a list of projects planned for 2026 to support the Corporation’s
growth objectives. Below is the list of projects scheduled for 2026.
2026 Projects
• Progressive ramp-up of the first long-hole stopes to support the acceleration of the production profile
• Replacement of certain hoist components in preparation for the development and mining of deeper zones
• Expansion of camp accommodation capacity to support the intensification of operations
• Lifting and technical upgrading of the tailings management facility
• Increased geological drilling at the Sleeping Giant Mine to extend mine life
Loïc Bureau, Chief Operating Officer, commented: “Since stepping into the role of Chief Operating Officer, I had
the opportunity to witness firsthand the strong commitment of our teams. The significant addition of personnel in
January will support all of our operations in the months ahead and contribute to the acceleration of our production
rate.”
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Monthly Summary of Key Elements
August September October November December January Total YTD
(2025-
2026)
Diamond drilling
(m)
2,360 1,906 1,666 1,726 1,180 1,537 12,576
Underground
rehabilitation (m)
350 543 61 682 160 127 2,733
Underground
development (m)
9,1 53 82 94 114 84 445
Tonnes milled
(tonnes)
1,072 2,439 2,563 1,346 1,743 2,759 11,922
Mill Head
Grade (g/t)
5.66 5.98 6.0 7.2 5.7 7.3 6.35
Ounces
Milled (oz)
195 469 497 311 317 644 2,433
% Recovered 100% 92.8% 95.6% 95.8% 97.2% 97.2% 96.1%
Ounces
Produced (oz)
195 435 475 298 308 626 2,337
Ounces
Poured (oz)
0 26 124 425 288 374 1,237
1. The gold inventory in the circuit at the end of the month of January was 1106 ounces.
2. The silver ounces in the circuit are not assayed.
3. The silver ounces are recovered with the gold at the refinery, delivered to the Mint and sold with the gold
to the market.
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Summary Description of 2026 Projects
Progressive ramp-up of the first long-hole stopes to support the acceleration of the production profile
During the first months following the start-up of the Sleeping Giant Mine, production was mainly ensured by a room-
and-pillar type stope.
Ongoing work , focused on the development and rehabilitation of access drifts and sublevels , will enable the
progressive commissioning of multiple long- hole stopes, which is expected to result in a meaningful increase in
gold production based on current projections.
Replacement of certain hoist components in preparation for the development and mining of deeper zones
During summer 2026, scheduled shutdown to replace the motors, the hoist speed controller, and the operator cabin.
The new motors will increase production capacity, while the upgraded controller will improve operational efficiency
and precision, in addition to enabling significant electrical energy savings. Finally, the new operator cabin will
enhance comfort and contribute to improved health and safety conditions for operators.
Expansion of camp accommodation capacity to support the intensification of operations
Abcourt completed the construction of a 50-room camp, including kitchen facilities, in a first phase during the fall of
2025. A second phase is planned for spring 2026, with the addition of 36 rooms and the expansion of the kitchen.
A third phase is scheduled for summer 2026, which will include 37 additional rooms.
Lifting and technical upgrading of the tailings facility
Geotechnical drilling and the installation of monitoring instruments are planned for the summer and will enable the
optimization of long-term tailings facility management while meeting the highest industry standards.
Increased geological drilling at the Sleeping Giant Mine to extend mine life
Launch of Phase 2 of the deep mine exploration and development program aimed at increasing mineral resources.
Qualified Person
Loïc Bureau, Eng, Chief Operating Officer of the Corporation, has verified and approved the technical information
contained in this press release.
Mr. Bureau is a Qualified Person under Regulation 43-101.
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ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a Canadian gold development company with properties strategically located in northwestern
Québec, Canada. Abcourt owns the Sleeping Giant Mine and Mill, as well as the Flordin property, where it focuses
its development activities.
For more information about Abcourt Mines Inc., please visit our website at www.abcourt.ca and view our filings
under Abcourt's profile on www.sedarplus.ca
Pascal Hamelin Dany Cenac Robert
President and CEO VP, Communications and Corporate Development
T : (819) 768-2857 T : (514) 722-2276, poste 456
Email: [email protected] Email : [email protected]
FORWARD-LOOKING STATEMENTS
Certain information contained in this news release may constitute "forward-looking information" within the meaning
of Canadian securities legislation. Generally, forward -looking information can be identified by using forward-
looking terminology, such as "plans", "aims", "expects", "projects", "intends", "anticipates", "estimates", "could",
"should", "likely", or variations of such words and phrases or statements specifying that certain acts, events or
results "may", "should", "will" or "be achieved" or other similar expressions. Forward-looking statements, including
the expectation of the Corporation with respect to the availability, timing and terms of advances under the
Debenture; the terms and duration of the proposed offtake arrangements ; the anticipated use of proceeds of the
Debenture, including the repayment of existing indebtedness; the Corporation’s ability to advance and increase
drilling and development activities at the Flordin -Cartwright and Sleeping Giant properties; and the receipt of the
final approval of the TSXV , are based on Abcourt's estimates and are subject to known and unknown risks,
uncertainties and other factors that may cause Abcourt's actual results, level of activity, performance or
achievements to be materially diff erent from those expressed or implied by such forward- looking statements or
information. Forward-looking statements are subject to business and economic uncertainties and other factors
that could cause actual results to differ materially from these forward- looking statements, including the relevant
assumptions and risk factors set forth in Abcourt's public filings, which are available on SEDAR + at
www.sedarplus.ca. There can be no assurance that these statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward- looking statements and forward- looking information. Although Abcourt
believes that the assumptions and factors used in preparing the forward- looking statements are reasonable,
undue reliance should not be placed on such statements. Except as required by applicable securities laws,
Abcourt disclaims any intention or obligation to update or revise any such forward- looking statements or
information, whether as a result of new information, future events or otherwise.
Neither the 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.