Abcourt Mines Inc. presented an update on the results of the underground diamond drilling campaign at Sleeping Giant mine. From December 2023 until June 30, 2024, Abcourt has carried out, from levels 235 and 295, 27 drilling holes totaling 3,074 meters in the DAC 5 area. Among these 27 holes, 20 holes totaling 2,457 meters were drilled in the DAC 5 area.

Abcourt presents the results of 13 drill holes totaling 1,554 meters drilled underground in the DAC 5 area from level 235. The highlights of the analysis results, included in this press release, are as follows: 19.41 g/t Au over 0.5 meter in hole 23-473, 14.72 g/t Au over 0.6 meter in hole 23-483, 8.73 g/t Au over 2.1 meters and 19.93 g/t Au over 0.5 meter in hole 23-484. Drilling data shows: The extension of the mineralized veins towards the west of the DAC 5 site confirming the intercepts of holes 29-266, 23-460 and 23-461.

The extension of the mineralized veins towards the top of the DAC 5 site confirming the intercepts of holes 23-433, 23-415 and 23-468. The presence of several steeply dipping mineralized veins (70°) spaced about ten (10) meters from each other and which tend to become subparallel in a WNW-ESE direction towards the western part of the DAC 5 area. Some of its veins have were observed and mapped at sub-level 2 of the DAC 5 site.

The drilling campaign in the DAC 5 site area is completed. The technical team at the Sleeping Giant mine is currently working on the interpretation and three-dimensional modeling of the veins for optimization of the mining plan. Drilling operations continue underground at the 235 level in Zone 20 West.

The drilling and core description work was carried out under the supervision of Mohamed Haithem Bennia, geo, chief geologist, qualified person according to Regulation 43-101. Following an analytical quality assurance and control program, blank samples and certified reference materials as well as duplicates were added among the core samples before being analyzed at the Sleeping Giant mine's internal laboratory. The analyzes were carried out by pyroanalysis (A.A.) with atomic absorption finishing.

Samples with a grade greater than 10g/t Au were reanalyzed with a gravimetric finish. To validate the quality of analysis of the internal laboratory, reanalyses were produced by Techni-Lab S.G.B. Abitibi inc. division of ActLabs which is an accredited external laboratory, registered to ISO 9001 and ISO/IEC 17025 certified CCN (lab707), MELCC (lab375) located in Sainte-Germaine-Boulé, Quebec. The audits show a high degree of correlation with internal laboratory results.