Rouyn-Noranda, Québec, Canada, March 17, 2021

Abcourt Mines Inc. (TSX-V: ABI, “Abcourt” or the “Company”) is pleased to announce that the gold grade, in February, at the mill was higher than it was in the previous quarter. The grade of the
ore extracted at the Elder mine was higher and an adjustment of the gold inventory in the mill circuit was made. These two factors contributed to the embellishment.

In February, the mill treated 8,255 tonnes of ore and produced 1,496.7 ounces of gold; 846.9 ounces were poured and 649.8 ounces were added to inventory.

Development work at the Elder and Sleeping Giant mines are continuing as follows:

• Drifting on 4Th, 10Th and 11Th levels and rehabilitation work on 12th level at Elder mine to open new ore zones.
• Rehabilitation work being done in shafts and drifts at Sleeping Giant mine and new drifts to develop new ore zones on upper levels.

This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt. Mr. Hinse is a “Qualified Person” under the terms of Regulation 43-101.

For more information, please contact:

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

Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276 x456
Dany.Cenac-Robert@ReseauProMarket.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.