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ABI.V ·

Results from the Annual and Special Shareholders Meeting

Shareholder Meetings

FOR IMMEDIATE RELEASE

TSX Venture Exchange: ABI.V

RESULTS FROM THE ANNUAL AND SPECIAL SHAREHOLDERS MEETING

Rouyn-Noranda, Quebec, December 21, 2022

Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX VENTURE: ABI) is pleased to

announce the results of its A nnual and Special meeting of shareholders held on December 20,

2022 ( “the Meeting”). The shareholders elected each of the nominees presented in the

management circular relating to the Meeting, namely : Pascal Hamelin Chief Executive Officer

since April 2022, Daniel Adam, René Branchaud, Renaud Hinse, François Mestrallet, Nicole

Veilleux and Loïc Bureau.

Pascal Hamelin and Loïc Bureau are new directors of the Corporation. Loïc Bureau holds a

bachelor's degree in geological engineering and has more than 20 years of experience in

mining exploration, project management and teaching. He is recognized as an adaptive,

resourceful and goal-oriented manager.

The Board of Directors would like to thank its outgoing directors: Normand Hinse, who

supported and helped the Corporation as a director since 1986, and Christian Dupont.

Shareholders approved the appointment of Raymond Chabot Grant Thornton , Professional

Chartered Accountants , as auditors of t he Corporation and the resolution approving the

Advance Notice By-Law, explained in the management circular relating to the Meeting.

Before the Meeting, the Board of Directors of the Corporation has resolved not to present to the

shareholders the special resolutions requiring an amendment to the Corporation’ s Articles,

namely the resolution on the consolidation of share capital, the resolution on the change of

name of the Corporation and the resolution to allow the appointment of additional directors.

At the Board meeting that followed the M eeting, the Board has appointed Pascal Hamelin as

President and Chief Executive Officer, Christine Lefebvre as Chief Financial Officer , François

Mestrallet as Chairman and Julie Godard, as Corporate Secretary. Also, the following directors

were appointed as members of the Board committees: Nicole Veilleux, Daniel Adam and Loïc

Bureau on the Audit Committee; René Branchaud, Nicole V eilleux and François Mestrallet on

the Compensation Committee; Pascal Hamelin, Daniel Adam, Renaud Hinse and Loïc Bureau

on the Technical Committee (health, safety and environment) and; François Mestrallet, Nicole

Veilleux and René Branchaud on the new Governance Committee.

ABOUT ABCOURT MINES INC.

Abcourt Mines Inc. is a 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.com, 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.