Abcourt Presents Operations Update for October 2025 in the Development of the Sleeping Giant Mine
For immediate release
TSX Venture Exchange: ABI. V
Abcourt Presents Operations Update for October 2025 in the Development
of the Sleeping Giant Mine
Rouyn-Noranda, Canada, Novem ber 11, 2025 – Abcourt Mines Inc. (“Abcourt” or the “ Corporation”) (TSX
Venture: ABI) (OTCQB: ABMBF) is pleased to present an update on the October development work at the
Sleeping Giant mine, located in the Eeyou Istchee region of Quebec.
Highlights
Tonnes milled: 2,563 tonnes
Mill Head Grade: 6.0 g/t
% Recovered: 95.6%
Ounces Produced: 475 ounces
Ounces Sold: 124 ounces
Abcourt continued hiring in October to increase feed tonnage at the mill. Hiring will continue in the coming weeks
to further increase mill feed volume. The Corp oration received the custom milling permit in October to start
discussion with neighbors about processing third party materials.
As of October 31, one stope was in production and two were under development underground. At the tailings
facilities, civil engineering work continued in preparation for the planned lift in the summer of 2026. The number of
diamond drill rigs increased from two to three during October. The variation in diamond drilling meterage from
month to month is due, in part, to the number of drill rig moves during the month. The decrease in drift rehabilitation
meterage in October was due to crews being redeployed to the shaft station rehabilitation at levels 235, 295, and
355.
Pascal Hamelin, President and CEO, stated: “We are continuing to advance development and production
underground and at the mill. Our priority remains the hiring, onboarding, and training of new employees. We went
from 76 employees at the end of June to 106 at the end of October plus the addition of contractors to support us.”
Communication and Marketing
Abcourt has been busy in October taking the words out about the current gold pour and the advancement of our
projects.
Early in the month, the Corporation had a booth at the Munich Mining conference to introduce its achievement to
the European investors. Later, we had investors coming to the mine site to show them first hands how fast things
were moving.
We also had a full interview crew coming with camera and drone to document the different phase of our project.
The cameraman interviewed many employees and made good promotional pieces that will be use all t hrough the
year to build new communication material for the company.
In early November, Abcourt attended the Red Cloud Mining Show case in Toronto and the New Orleans investment
conference. At the end of November, Abcourt will present at Mines and Money in London where we will present in
a pitch battle against some of the best mining projects in the world.
Monthly Summary of Key Elements
July August September October Year to date
Diamond Drilling
(m)
2,201 2,360 1,906 1,666 8,133
Underground
Rehabilitation (m)
810 350 543 61 1,764
Underground
Development (m)
9.5 9.1 53 82 153
Tonnes Milled
(tonnes)
0 1,072 2,439 2,563 6,074
Mill Head Grade
(g/t)
0 5.66 5.98 6.0 5.94
Ounces Milled (oz) 0 195 469 497 1161
% Recovered 0 100% 92.8% 95.6% 95%
Ounces Produced
(oz)
0 195 435 475 1105
Ounces Sold (oz) 0 0 26 124 150
1. The gold inventory in the circuit at the end of the quarter was 955 ounces.
2. The silver ounces in the circuit are not assayed.
3. The silver ounces are recovered with the gold at the refiner y, delivered to the Mint and sold with the gold
to the market.
Qualified Person
Pascal Hamelin, Eng, President and Chief Executive Officer of the Corporation, has verified and approved the
technical information contained in this press release.
Mr. Hamelin is a qualified person under Regulation 43-101.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a Canadian exploration 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, Investor Relations
President and CEO Reseau ProMarket Inc.
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 expected use of the proceeds from the Financing Facility
and 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 different from those expressed or implied by such forward-looking statements or
information. Forward-looking statements are subject to business, economic and 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 i n 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.