Abcourt Mines Inc.

Abcourt Mines Inc.

May 02, 2007 14:18 ET

Abcourt Mines Inc.: Private placement

MONT-ST-HILAIRE, QUEBEC--(CCNMatthews - May 2, 2007) - Mr. Renaud Hinse, president of Abcourt Mines Inc (TSX VENTURE:ABI) is pleased to confirm that the non-brokered private placement with the Stone Group announced in our press release dated April 13, 2007 was completed on April 17 last. A total of 350,000 flow-through shares of the Company were issued at a price of $0.75 per share for a total of $262,500. The shares issued have to be held for a period of four months by the subscriber. There was no bonus, no warrants and no commission paid. The proceed will be used for the current soil testing program with Golder Associates and the application for permits.

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 other projects which could be developed later. A positive 43-101 feasibility study was recently completed on the Abcourt-Barvue project. For additional information, see our Press-Release dated February 16, 2007. 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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