Abcourt Mines Inc.
TSX VENTURE : ABI

Abcourt Mines Inc.

February 23, 2007 16:34 ET

Abcourt Mines Inc. Increases the Maximum Number of Shares that May Be Issued in Accordance with its Option Plan to Purchase Shares and Give an Option on 200,000 Shares to Mr. Jacques Levesque

MONT-ST-HILAIRE, QUEBEC--(CCNMatthews - Feb. 23, 2007) - Abcourt Mines Inc. (TSX VENTURE:ABI)

Increase in the maximum number of shares that may be issued with option plan

The directors of the Company have approved an increase in the maximum number of shares that may be issued in accordance with its option plan to purchase shares from 3,439,000 to a maximum of 4,319,000 shares, that is an increase of 880,000 shares.

These options will be given at the closing price of the previous day, for a period of five years. The directors and officers receive no salary and their only remuneration are the options that they receive, except for Messrs Renaud Hinse and Yves Gagnon who in addition are paid engineers fees for the time spent on different projects. The hiring process for management staff is now taking place and to attract qualified and experienced persons, it will be necessary to give them a participation in the project with options to purchase shares in the Company.

This increase in the number of options is conditional upon the approval of the TSX Venture Exchange.

Option granted to Mr. Jacques Levesque

With the appointment of Mr. Jacques Levesque as a director on January 23 last, an option on 200,000 shares at $0.60 per share, good for five year, was given to him.

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 on the lookout for others projects which could be developed later. To know more about Abcourt, please consult our web site www.abcourt.com and Sedar www.sedar.com .

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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