Abcourt Mines Inc.

Abcourt Mines Inc.

January 26, 2007 13:07 ET

Abcourt Mines Inc.: Option on the Aldermac Property Approved by Directors

Hiring of Mr. Jean-Pierre Berube, Geological Engineer, as Consultant

MONT-ST-HILAIRE, CANADA--(CCNMatthews - Jan. 26, 2007) - Abcourt Mines Inc. (TSX VENTURE:ABI) OPTION ON ALDERMAC PROPERTY. Abcourt Mines Inc. is pleased to announce that the option on the Aldermac property (see press release dated November 22, 2006) has been approved by the directors.

The Aldermac property comprises ten (10) claims in Beauchastel township , in Abitibi, Quebec, and covers an area of 303 hectares. This property was the site of an operating mine from 1936 to 1943 and it is serviced by a 495-meter (1,625 feet) shaft and drifts on nine levels.

According to old reports, there are 600,000 short tons of historic resources in the old shaft area with a grade of 1.60 % copper with low silver and gold values and undetermined amount of zinc and in a new orebody discovered in 1987, there are 1.15 million short tons grading 1.5 % copper, 4.13 % zinc, 0.91 ounce per ton silver and 0.014 ounce per ton of gold.

The historic resources were prepared before the introduction of National Instrument 43-101 and would today be considered as resources of various categories. No additional information is available at this time and the historical resources have not been verified and should not be relied upon. However, we believe that these estimates were prepared by competent persons. This statement is made by Mr. Renaud Hinse, professional engineer, President of the Company. Mr. Hinse is a qualified person.

The consideration for the option to acquire 100 % of this property is as follows:

a) At the signing of the definitive agreement, the payment of $150,000 cash and the issue of 150,000 class B shares of Abcourt ;

b) At the first, second, third and fourth anniversary dates of the agreement, the payment of $150,000 cash and the issue of $150,000 worth of class B shares of Abcourt at a price corresponding to the average closing price of Abcourt shares on the TSX Venture Exchange over the previous 20 trading days.

This option is conditional upon the approval of the TSX Venture Exchange.


Abcourt Mines Inc. is also pleased to announce that it has retained the services of Mr. Jean-Pierre Berube, geological engineer, as consultant.
Mr. Berube graduated from Laval University with a baccalaureate in geological engineering. He has 25 years of experience in mines and in mining exploration mostly in Quebec but also in the United States, Guyana and Honduras.

His work will consist in the evaluation of the Abcourt projects and the management of our exploration programs. He is starting part time now and will as soon as possible dedicate all his time to the Abcourt projects.

Abcourt Mines Inc. is an exploration and development company with strategically located properties in Northwestern Quebec. The Abcourt-Barvue project with 43-101 silver-zinc resources and the Elder mine with 43-101 gold resources are both past producers. Abcourt is now focused on bringing these two projects back in production but at the same time, it is on the lookout for others projects which could be added to the latter. To know more about Abcourt, please consult our web site and Sedar .

The Abcourt shares are trading on the TSX Venture Stock Exchange under the symbol ABI.V and at Frankfurt and Berlin in Germany.

FORWARD-LOOKING STATEMENTS: Except for statements of historical facts, all statements in this news release, including, without limitation, statements regarding forecasts, plans and objectives of Abcourt Mines Inc., - are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

This press release was prepared by Abcourt Mines Inc. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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