Abcourt Mines Inc. (ABMBF)

[NYBob]

bigone thanks; NEWS RELEASE....GOOD NEWS.
Abcourt resumes operations at Elder
2021-02-02 13:50 ET - News Release
Mr. Renaud Hinse reports

RESUMPTION OF OPERATIONS AT ELDER MINE

Abcourt Mines Inc. has resumed operations at the Elder mine.
The motor for the hoist at the Elder mine was repaired with success.
A production crew started with the night shift on Friday night, Jan.
29, 2021.
The company is ready to increase production quickly to reach the
excellent level that it had before the shutdown.

Being a employer of choice in the area, Abcourt is sure that most of its
employees will be back to work within the next few days.
The company's excellent safety record, with more than 450 days without
compensable accidents, will help Abcourt with the hiring of new
employees as needed.
Besides, the company is happy to have a clean mine.
This is a great advantage to recruit new miners when needed to
develop Abcourt's projects.
The assays of the mine water rejected in the environment over
the past eight years have complied with regulations 99 per cent
of the time.
The chief operating officer of the corporation said,
"I am very proud of this excellent environmental and safety record."

The company's good financial situation and its records of production
and sales of gold over the latest quarters enabled Abcourt
to go through this difficult period of work stoppage.

During the temporary closure period at the Elder mine,
most of the rehabilitation crew at the Sleeping Giant mine was
kept to advance this project.
The company's objective of having two mines in production at the end
of calender 2021 remains realistic and realizable.

This press release was prepared by Renaud Hinse, engineer and
president of Abcourt.
Mr. Hinse is a qualified person under the terms of Regulation 43-101.
Mr. Hinse has approved the scientific and technical disclosure.

About Abcourt Mines Inc.

Abcourt is a gold producer and a Canadian exploration company with
strategically located properties in northwestern Quebec, Canada.
The Elder property has gold resources.

Abcourt is currently focusing on the exploitation of the Elder mine and
on the rehabilitation of the Sleeping Giant mine.
For the long term in gold, the corporation has prepared a
$2-million exploration program, mainly for the Sleeping Giant mine
where important targets of gold mineralization have not been
explored yet.

In 2016, Abcourt acquired the Sleeping Giant mine and mill,
located halfway between Amos and Matagami, in Abitibi, Que.

The mill has a capacity to treat 700 to 750 tonnes per day.

Measured mineral resources total 10,900 tonnes with a grade of
12.2 grams per tonne of gold and indicated resources
total 475,625 tonnes with a grade of 11.2 g/t of gold.
Inferred resources are 93,100 tonnes with a grade of 11.85 g/t of gold.

A National Instrument 43-101 feasibility study was completed in
July, 2019, by PRB Mining Services Inc. Probable reserves according
to Multilateral Instrument 43-101 have been estimated at
339,221 tonnes with a grade of 7.9 g/t of gold.

The Abcourt-Barvue property has silver-zinc reserves (2019).
An MI feasibility study was completed in 2007 by Roche/Genivar.
An update was completed in July, 2019, by PRB Mining Services Inc.
A total of 8.07 million tonnes are in proven and probable reserves
with a grade of 51.79 g/t of silver and 2.83 per cent zinc.

About 81.6 per cent of these reserves are mineable by open pit and
18.4 per cent are mineable by underground operations.
Inferred resources total 2.07 million tonnes with a grade of
114.16 g/t of silver and 2.89 per cent zinc.
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