Abcourt Announces Search FOR New CEO

FOR IMMEDIATE RELEASE

TSX VENTURE EXCHANGE – ABI.V

ABCOURT ANNOUNCES SEARCH FOR NEW CEO

Rouyn-Noranda, Québec, Canada, February 1, 2022

Abcourt Mines inc. (« Abcourt » or the « Corporation») (TSX Venture: ABI) is pleased to

announce it has initiated the process to identify and appoint a new Chief Executive Officer (CEO) to

succeed to Renaud Hinse, who has previously announced his retir ement, which will take effect at

the end of March 2022.

Mr. Hinse will continue to serve as CEO in the interim and will remain on the Board of directors of

the Corporation.

It is expected that the new CEO will be appointed during the first quarter of 2022.

The job description for the CEO may be found at https://abcourt.com/wp-

content/uploads/2022/01/Description.pdf

For additional information, nominations or confidential inquiries please contact:

 Daniel Adam, chair of the recruitment committee: [email protected].

Applications and nominations are currently being accepted until the position is filled.

The target date for applications is February 11, 2022.

ABOUT ABCOURT MINES INC.

Abcourt Mines Inc. is a gold producer and a Canadian exploratio n company with strategically

located properties in northwestern Quebec, Canada. The Elder pr operty has gold resources (2018).

Abcourt is currently focusing on the exploitation of the Elder mine and on the development of the

Sleeping Giant property.

To know more about Abcourt Mines Inc., please visit our web sit e at www.abcourt.com and consult

our filings under Abcourt's profile on www.sedar.com.