Abcourt Mines Inc. confirmed a second gold mineralized zone East of the Flordin deposit toward the Cartwright deposit 100% owned by Abcourt. A petrographic study confirms the presence of gold grains in the pyrite. These gold grains would be associated with the second phase of pyrite crystallization.

Compilation work has shown that the gold is not only contained in quartz veins and veinlets but also in sheared and altered zones, which are mineralized in disseminated pyrite. The historical hole S-158 published in 1988 by Cambior Inc. intersected 3 g/t gold over 16 m in an altered, pyrite-mineralized zone without quartz veins (south zone). The compilation work allows to assume that the southern zone continues beyond the Flordin deposit and is continuous to the Cartwright deposit on the Flordin property.

Abcourt will soon be undertaking field work on its Flordin, Cartwright and Discovery properties in the Lebel-sur-Quévillon area. Applications for Attestation de Travaux à Impacts (ATI) were submitted in mid-April to the Ministry of Natural Resources and Forests for the projects. These new authorizations are required to carry out drilling and mechanical stripping work.

Pending the necessary permits, the Company will undertake a mapping and prospecting campaign that will initially target the Flordin and Cartwright gold deposits. During this field campaign, prospecting and mapping will focus on hematite-carbonate altered zones in sheared basalts and pyrite mineralized, and not only on quartz veins and veinlets. The drilling work carried out in 2023 as well as the new petrographic study, carried out on various mineralized intersections (20 thin-polished sections, examined by Lucie Mathieu, Ph.D., P.Geo.

of Consultation GEOX inc.) confirm that gold mineralization is not only associated with the presence of quartz veins and veinlets. Indeed, the best gold intersections obtained during the recent drilling campaign indicate that gold is included in disseminated pyrite zones located in sheared and altered basalt. The drill holes drilled in 1988 by Cambior, B. Perrier, P.Geo.

state: "Gold mineralization is generally associated with quartz veins or veinlets. These veins are usually stretched, swollen and locally brecciated, but they are not always ubiquitous. Several typical bands without quartz injections contain gold, especially in the southern zone (S-158)."  Hole S-158 is located at the eastern end of the Flordin deposit and intersected from 362.5 to 378.5 meters a lithology described as consisting of "magnetic mafic bands, strongly altered and mineralized, brecciated, carbonatized, hematized and mineralized in fine disseminated pyrite." The mineralized intersection of hole S-158 returned more than 3 g/t gold over 16 meters.

The compilation work has allowed to confirm that the Company's recent drill holes completed in 2023 have intersected this style of mineralization.