Abcourt terminates discussions concerning the acquisition of the processing plant and the Beacon mine

Abcourt terminates discussions concerning the acquisition of the processing plant and the Beacon mine and currently negotiates an agreement for the custom milling of the gold mineralization extracted from the Elder mine

Mont-St-Hilaire, Quebec / TheNewswire / May 6 2015 - Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE and Frankfurt Stock Exchanges: AML-FF) ("Abcourt") announces that Abcourt has terminated discussions concerning the acquisition of the processing plant and Beacon mine, located close to the town of Val-d'Or, Quebec. The due diligence verification that we did indicated that several items remained to be cleared and that the time needed to have them cleared and also the time necessary to obtain two surface leases and various regulatory authorisations would have delayed the start of the mill for several months. As our milling contract with QMX Gold Corp. will be terminated at the end of June, with an option for only one (1) additional month, we could not get involved in a process with an undetermined outcome.

We are currently negotiating a six-month custom milling contract, renewable for a long term to treat the gold mineralization from the Elder mine. With this option, we avoid having a debt with a mortgage on our real assets (land, buildings, equipment and vehicles) and accept all the restraints put in place by the lenders.


Mine development at the Elder mine

The mine development of the Elder mine continues. During the 3rd quarter (January - March 2015), the tonnes broken in stopes totaled 18,520 and the tonnes extracted totaled 20,438. At the end of the quarter, we had a total of 13,759 tonnes on surface stockpiles of mineralized material at the mine site and at the QMX mill site.

More details will be given in our next quarterly report.


Abcourt-Barvue project

The Abcourt-Barvue property is an old mine with ore reserves (2007) and resources (2012) in silver and zinc that we operated for five (5) years, from 1985 to 1990.

At the London Metal Exchange, the zinc stocks are decreasing rapidly, the zinc price has a strong upward trend and the rate of exchange of the Canadian dollar is favorable.

We are presently trying to put in place a financial plan to restart this project.


About Abcourt Mines Inc.

Abcourt Mines Inc. is an exploration and development company with strategically located properties in northwestern Quebec, Canada. The Elder Mine with gold resources (2012), the Abcourt-Barvue Project with silver-zinc ore reserves (2007) and resources (2012) and the Aldermac property with historical copper-zinc resources are all former producers. The reported reserves and resources are considered as current mineral reserves and resources. Abcourt is now focused on bringing the Elder and Abcourt-Barvue projects back into production with Elder as the first priority. At the same time, the Company is working on other projects (Aldermac, Vezza, Jonpol and Vendome) to increase its mineral resources inventory. A resource calculation was completed in July, 2012, for the Elder Mine. A positive PEA report was prepared on Elder mine in the Fall of 2012 by Roche Limited, Consulting Group. A positive feasibility study was completed by GENIVAR in 2007 on the Abcourt-Barvue Project. In addition, a major part of the equipment needed to build the mill was purchased. To know more about Abcourt, please visit our web site at www.abcourt.com and SEDAR.


FORWARD-LOOKING STATEMENTS: Certain of the information contained in this news release may contain "forward-looking information". Forward-looking information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of Abcourt Mines Inc. (the "Company"), or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Company's amended and restated annual information form dated May 11, 2012 and could cause actual events or results to differ materially from those projected in any forward-looking statements. The Company does not intend, nor does the Company undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

This press release was prepared by Mr. Renaud Hinse, a qualified person, President of Abcourt Mines Inc.



For more information, please contact:

Abcourt Mines Inc.
Renaud Hinse, President and CEO
T: 819 768-2857 450 446-5511
F: 819 768-5475 450 446-3550
Email: rhinse@abcourt.com



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