Abcourt Mines Inc.

Abcourt Mines Inc.

October 17, 2007 09:10 ET

Abcourt Mines Inc.: Hiring of Investors' Relations Consultants

MONT-ST-HILAIRE, QUEBEC, CANADA--(Marketwire - Oct. 17, 2007) - Mr. Renaud Hinse, president and C.O.O. of Abcourt Mines Inc. (TSX VENTURE:ABI), is pleased to announce that a contract has been signed for one year with MI3, a group of investors' relations specialists from Montreal. Services rendered by this group will be additional to those provided by Mr. Joe O'Brien. The objective is to increase the visibility of the projects and of the Company within the financial community and to target potential private and institutional investors to finance Abcourt Mines Inc.

The consideration is $6,000 per month and an option on 200,000 class B shares of Abcourt at $0.40 per share for the duration of the contract. This option is in accordance with the TSX Venture rules and the options have to be acquired gradually over a period of 12 months with a maximum of 25% for one quarter. The shares received have to be held for a period of four months from the date of issue of the option. In addition, a 1% finder's fee will be paid on any private placement realized with the help of MI3. This agreement is conditional upon the approval of the TSX Venture Exchange.

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. For additional information, see our Press Release dated August 9, 2007. 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 / 450-446-5511
    819-768-5475 / 450-446-3550 (FAX)
    Abcourt Mines Inc.
    Joe O'Brien
    Investors' relations
    416-750-8051 (FAX)