Quebec Pegmatite Holdings Corp. announced that it has entered into an arm's length Option Agreement with Abcourt Mines Inc. pursuant to which ABI has granted the Company the right to acquire all of ABI's title and interest in and to 141 mineral claims covering approximately 5,579 hectares located in the Province of Québec, Canada, adjacent to the Swanson gold deposit (the "Property"). The Property is located within the gold and critical minerals rich Abitibi Greenstone Belt, approximately 60 km north of the city of Val-d'Or and adjacent to the Swanson gold deposit, Abcourt-Barvue base metal (Zn-Pb-Ag) mine, and the Courville and Jolin gold deposits.

The Property claims contain the same geological stratigraphy that hosts the Swanson gold deposit, extending the favourable strike length a total of 30 km along a NW to SE trend and over a width of 4 to 9 km. The Property is composed of alternating porphyritic andesites, basalts, rhyolites, and felsic tuffs belonging to the Figury Group as well as syenites, monzonites, diorites, tonalites and granodiorite intrusives. The Property includes both orogenic-type vein (structurally-controlled) and shear- hosted gold-bearing mineralization, with 17 gold (Au) and numerous gold-rich polymetallic (Ag, Cu, Zn, Pb and Mo) showings.

Gold showings on the Property are referenced from the Québec government SIGÉOM geological database and include the: Jackson Showing - 553.28 g/t Au over 0.8m (historical drilling); Jolin Showing - 20.00 g/t Au (historical grab sample); Bartec Showing - 3.40 g/t Au over 1.5m (historical drilling); Laflamme Sud Showing - 5.97 g/t Au over 0.3m (historical drilling); Matttagami Lake showing - 4.29 g/t Au over 0.3m (historical drilling); Malbar/Gros Louis Showing - 3.77 g/t Au over 0.9m (historical drilling). Several gold showings on the Property also include historical mineral resource estimates referenced in SIGÉOM and completed prior to the introduction of CIM and NI 43-101 disclosure standards.