Abcourt Presents Operations Update for the Quarter ended
For immediate release
TSX Venture Exchange: ABI. V
Abcourt Presents Operations Update for the Quarter ended March 31st, 2026, in the
Development of the Sleeping Giant Mine
Rouyn-Noranda, Canada, April 15, 2026 – Abcourt Mines Inc. (“ Abcourt” or the “Corporation”) (TSX Venture:
ABI) (OTCQB: ABMBF) is pleased to provide an update on development work completed in the quarter ended
March 31st, 2026, at the Sleeping Giant Mine, located in the Eeyou Istchee region of Quebec.
In March, Abcourt continued hiring and training miners. Nine new employees joined the Abcourt team, bringing the
total to 143 employees. The plan is to bring the total workforce to 190 employees in the coming months.
Operation Highlights
Q1 2025/09/30 Q2 2025/12/31 Q3 2026/03/31 YTD
Diamond Drilling (m) 6,467 4,572 7,153 18,192
Underground Rehabilitation (m) 1,703 903 455 3,061
Underground Development (m) 71 290 307 669
Tonnes Milled (tonnes) 3,511 5,652 7,445 16,608
Mill Head Grade (g/t) 5.9 6.2 5.2 5.7
Ounces Milled (oz) 664 1,125 1,250 3,039
% Recovered 94.9% 96.1% 95.8% 95.7%
Ounces Produced (oz) 630 1,081 1,197 2,908
Ounces Poured (oz) 26 837 1,138 2,001
The gold inventory in the circuit on March 31 was 907 ounces.
The development of the drifts leading to the next long-hole stopes remains the Company's priority. The first long-
hole drill will be commissioned underground during the month of April and Abcourt anticipates the start of the first
long-hole stopes in early summer 2026.
Figure 1: Long-Hole Drill, Back View
Figure 2: Long-Hole Drill, Front View
The work at the mining camp continued in March with the addition of a 3 7-room block, on top of the existing 50
rooms. This second phase in the mining camp construction was commissioned April 13th. The construction of the
third block of rooms in the mining camp is scheduled to begin in early summer.
Pascal Hamelin, President and CEO, stated: “With the long-hole drilling beginning in the coming weeks, we expect
to increase our tonnage by an additional 1,500 tonnes per month average per long-hole stope. Ultimately, we plan
to have three long- hole stopes in operation at the same time while developing the next stop es. Also, I wish to
congratulate the construction team at the mining camp for the safe execution of the second phase. It shows very
clear commitment to execute this type of construction on time and the middle of the Canadian winter.”
Gravimetric Geophysical Survey at Sleeping Giant
A gravimetric geophysical survey will soon be conducted across the entire Sleeping Giant property by the Val-d’Or-
based firm Géophysique TMC. Approximately 750 measurement points will be used to cover the entire site.
The objective of this study is to identify the possible presence of significant mineralized zones at depth, which could
correspond to massive sulfide deposits. This technology can detect anomalies up to approximately 2 kilometers
below the surface, depending on conditions.
This survey is justified by recent observations of drill cores, which have revealed the presence of minerals such as
sphalerite and chalcopyrite, often associated with gold. These observations suggest significant mineral potential
linked to a deep volcanic source.
It is important to note that a survey of this scale has never been conducted on the property before, making it a first
for Abcourt Mines. The results will allow for better targeting of future drilling and assessment of the deposit's
potential at depth, with the aim of optimizing the next stages of exploration.
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 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 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 implie d 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.