Abcourt Reports First Quarter Operations Update for the Sleeping Giant Mine Development
For immediate release
TSX Venture Exchange: ABI. V
Abcourt Reports First Quarter Operations Update for the Sleeping Giant
Mine Development
Rouyn-Noranda, Canada, Octo ber 14, 2025 – Abcourt Mines Inc. (“Abcourt” or the “ Corporation”) (TSX
Venture: ABI) (OTCQB: ABMBF) is pleased to present its first quarter operations report for the development of
the Sleeping Giant Mine located in the Eeyou Istchee region of Quebec.
Abcourt began to process materials in mid- August at its 100% owned Sleeping giant Mill from the underground
mine directly underneath the mill. Between mid-August and the end of September, Abcourt began to fill the mill’s
circuit with gold. The circuit consists of leach tank s filled with pulps and carbons. This is where the chemical
reaction takes the gold out of the pulp. The long-term goal is to recover 95% of the gold coming in the circuit. Over
time, the gold in the circuit will stabilize and the quantity of gold coming into the circuit will be very similar to the
gold being shipped to the market with a 95% recovery.
Underground, starting in July, Abcourt began the development of drifts and rehabilitated already developed drifts
to access the production stopes planned in the preliminary economic assessment for the coming years. In August,
production began from the first stope. Abcourt plans to produce from three stopes within the coming 12 months.
The material hoisted to surface and delivered to the mill during the quarter came from development areas, remnant
areas, and the first stope.
On surface, Abcourt built phase 1 of the sleep camp and kitchen during the quarter. They were commissioned on
September 2nd. Abcourt also executed civil construction work at the tailing facility in preparation for the Winter and
the preparation for the next lift planned in cell 2A for the Summer 2026.
Pascal Hamelin, President and CEO states: “I am very proud of what we accomplished in the first three months of
the development phase of our project. The operating team was ready to immediately start when we completed the
funding with Nebari in early July. Many small projects , too numerous to list, were all initiated in the last quarter to
allow the start of underground drift development, begin the processing of gold in the mill, and finally, pour a first
dore bar before the end of the quarter. It takes full commitment from all the employees to achieve these milestones.
The goal in the coming quarters is to continue the ramp up toward full commercial production status.”
First Quarter Summary
Q1 Results YTD Results
Diamond Drilling (m) 6,467 6,467
Underground Rehabilitation (m) 1,703 1,703
Underground Development (m) 71.1 71.1
Tonnes Milled (tonnes) 3,511 3,511
Q1 Results YTD Results
Mill Head Grade (g/t) 5.88 5.88
Ounces Milled (oz) 664 664
% Recovered 94.9% 94.9%
Ounces Produced (oz) 630 630
Ounces Sold (oz) 26 26
1. The gold inventory in the circuit at the end of the quarter was 604 ounces.
2. The silver ounces in the circuit are not assayed.
3. The silver ounces are recovered with the gold at the refinery and sold with the gold to the market.
Figure 1: gold bar from Sleeping Giant Mine
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 relev ant
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 sta tements 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.