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ABI.V ·

Abcourt Announces the Appointment of Pascal Hamelin as New CEO

Management Changes

FOR IMMEDIATE RELEASE

TSX VENTURE EXCHANGE – ABI.V

ABCOURT ANNOUNCES THE APPOINTMENT OF PASCAL HAMELIN AS NEW CEO

Rouyn-Noranda, Québec, Canada, March 23, 2022

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

the appointment of Pascal Hamelin as the new Chief Executive Of ficer (CEO) of the Corporation, to

succeed to Renaud Hinse, who had previously announced his retir ement. The appointment will be

effective on April 4, 2022.

Mr. Hamelin holds a mining engineering degree from École Polyte chnique de Montréal. He has over

30 years of experience in mining, project management, and exploration. He is a member of the Ordre

des ingénieurs du Québec (Eng.) and the Professional Engineers of Ontario (P.Eng). He gained his

experience mainly in the mining camps of Sudbury and Abitibi.

Mr. Hamelin has been employed at various functions and at vario us mining sites for Inco, from 1991

to 2007. Thereafter, he has occupied managing functions with Ce ntury Mining, Alexis Minerals

between 2007 and 2010.

Over the years, Mr. Hamelin has successively held the positions of General Manager, VP Operations,

and President of Metanor Resources and has been President and C EO of Bonterra from 2020 to

January 2022.

Mr. François Mestrallet, Chairman of the Board stated, “I am confident that Pascal’s experience, vision

and leadership, will enable Abcourt to continue its growth path and deliver superior stakeholder value.”

Mr. Mestrallet continued, “I thank Renaud for his long tenure a s CEO; he was the founder of the

Corporation, which, under Renaud’s leadership, acquired the Elder and Sleeping Giant mines, which

are the most significant assets of the Corporation. We are thankful for his dedication and are pleased

that he will remain on the Board of Directors.”

Pascal Hamelin, incoming President, CEO of Abcourt stated: “I am excited to join Abcourt and working

closely with the Board and all our employees to growth our corp oration. My immediate focus will be

on reviewing the Company’s strategy to better advance our proje cts while maximizing return for all

stakeholders. Abcourt owns high-quality assets with high potent ial of resource expansion in the very

prolific Abitibi region in Quebec.”

ABOUT ABCOURT MINES INC.

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

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

Abcourt is currently focusing on the extraction of gold at the Elder mine and on the development of

the Sleeping Giant.

For more information on Abcourt Mines inc., please consult our website www.abcourt.com and our

profile on SEDAR www.sedar.com

Renaud Hinse, President and CEO

T : 819 768-2857 450 446-5511

F : 819 768-5475 450 446-3550

Email: [email protected]

Dany Cenac Robert, Investor Relations

Reseau ProMarket Inc.,

T: (514) 722-2276 post 456

[email protected]

The TSX Venture Exchange and its regulatory service provider (as defined in the policies of the TSX Venture

Exchange) assumes no responsibility for the adequacy or accuracy of this press release.