Abcourt Mines Inc.

Abcourt Mines Inc.

February 29, 2008 09:47 ET

Abcourt Enlarges its Aldermac Property

MONT-ST-HILAIRE, QUEBEC--(Marketwire - Feb. 29, 2008) - Mr. Renaud Hinse, president and C.O.O. of Abcourt Mines Inc. (TSX VENTURE:ABI), is pleased to announce that a group of eight claims in Beauchastel Township in Northwestern Quebec, adjacent to the gold-silver-copper-zinc Aldermac property, has recently been optioned. These claims cover 286.9 hectares of favourable geology on the west side of the Aldermac property. The conditions are as follows:

a) At signature, $9,000 cash,
75,000 class B shares of Abcourt Mines Inc. at the price of
$0.44 per share and 300,000 warrants. Each warrant gives right
to buy one class B share at $0.50 per share over a period of two

b) $9,000 per year at the 1st, 2nd and the 3rd anniversaries of the

Securities that will be issued pursuant to this private placement must not trade before June 28, 2008. This option has to be approved by the TSX Venture Exchange.

The current Aldermac drilling program has been expanded from 3,500 meters to 5,000 meters. The first results will be published next week.

Abcourt Mines Inc. is an exploration and development company with strategically located properties in Northwestern Quebec, Canada. The Abcourt-Barvue project with 43-101 silver-zinc ore reserves and 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 and at the same time, it is working on other projects (Aldermac, Jonpol and Vendome), to increase its mineral resources inventory. A positive 43-101 feasibility study was recently completed on the Abcourt-Barvue project. In addition, mill equipment has been purchased. For additional information, see our Press Releases dated February 16, 2007, August 9, 2007, February 1st and February 7, 2008. To know more about Abcourt, please consult our web site and Sedar , see "Abcourt Mines Inc".

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 Mr Renaud Hinse, a qualified person, president of Abcourt Mines Inc. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Abcourt Mines Inc.
    Renaud Hinse, president
    819-768-2857 or 450-446-5511
    819-768-5475 or 450-446-3550 (FAX)
    Abcourt Mines Inc.
    Joe O'Brien
    Investors' relations
    416-750-8051 (FAX)
    MI 3 Communications inc.
    Mario Drolet
    514-907-2331 (FAX)