Venture Exchange TSX: ABI.V Abcourt Announces Full Exercise of Option Granted on an area in its Courville and Abcourt Barvue Properties

For Immediate Release

Venture Exchange TSX: ABI.V

Abcourt Announces Full Exercise of Option Granted on an area in its Courville and

Abcourt Barvue Properties

Rouyn-Noranda, Canada, July 8, 2024 – Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture :

ABI) (OTCQB: ABMBF) is pleased to announce that LaFleur Minerals Inc. (formerly, Québec Pegmatite Holdings

Corp.) (“LaFleur”) has fully exercised its option to acquire 141 mineral claims covering 5,579 hectares located in

the Province of Québec, Canada (the “Property”).

As announced on June 17, 2024, Abcourt entered into an arm’s length Option Agreement (the “ Agreement”) with

LaFleur pursuant to which Abcourt granted an option (the “ Option”) to acquire 100% of title and interest in the

Property. In accordance with the terms and conditions of the Option Agreement, LaFleur:

(A) paid Abcourt the initial cash payment of $500,000 on June 20, 2024, after which it acquired a 25% interest

in the Property; and

(B) elected to accelerate the completion of the outstanding payments totalling $1,500,000 and complete such

payment through the issuance of common shares in the capital of LaFleur (the “ Shares”) to acquire the

remaining 75% interest in the Property. As such, LaFleur issued 4,299,211 Shares to Abcourt with a

deemed price of $0.3489 per Share.

Following LaFleur’s exercise of the Option, Abcourt retains a 2% NSR royalty applicable to certain mining claims

comprising the Property, and LaFleur assumes Abcourt's obligations regarding certain royalties currently in force

on the Property.

About Abcourt Mines Inc.

Mines Abcourt Inc. is a Canadian gold exploration company with properties strategically located in northwestern

Quebec, Canada. Abcourt owns the 100%-owned Sleeping Giant factory and mine, where it concentrates its

activities. The Sleeping Giant mine has a mining lease as well as environmental certificates of authorization to

extract up to 750 tonnes per day from its underground mine.

For more information about Abcourt Mines Inc., please visit our website 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, ext. : 456

Email : [email protected] Email : [email protected]

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.