ABI Abcourt Mines Inc

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES. 


Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc.
(TSX VENTURE:ABI)(BERLIN:AML)(FRANKFURT:AML) (the "Company") announced today
that the Company closed a non-brokered private placement of $359,000, including
$344,000 in units (the "Units") and $15,000 in flow-through shares, on the
following terms. 


Each Unit offered at a price of $0.08 each is comprised of one Class B share (a
"common share") of the Company and of one half (1/2) common share purchase
warrant and each common share offered on a flow-through basis (a "Flow-Through
Share") was offered at a price of $0.10 each. Each full warrant comprised in a
Unit will entitle the holder thereof to purchase one common share of the Company
over a period of 12 months from the date of closing at a price of $0.10.


The Company will issue 4,300,000 common shares and 2,150,000 warrants allowing
the purchase of 2,150,000 common shares and 150,000 Flow-Through Shares pursuant
to that private placement.


The proceeds from the Flow-Through Shares will be used by the Company primarily
to further advance the Elder Gold Mine project in the Abitibi region in the
Province of Quebec and the proceeds from the Units will be allocated to working
capital.


The private placement is subject to customary conditions and the final approval
of the TSX Venture Exchange. The securities issued and sold will be subject to a
four month hold period under applicable securities legislation. 


This press release does not constitute an offer to sell, or a solicitation of an
offer to buy, any securities of the Company and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such an offer, solicitation,
or sale would be unlawful. 


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 43-101
gold resources, the Abcourt-Barvue Project with 43-101 silver-zinc ore reserves
and resources and the Aldermac property with historical copper-zinc resources
are all former producers. 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 43-101
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 43-101 feasibility study was completed by GENIVAR
in 2007 on the Abcourt-Barvue Project. In addition, mill equipment 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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Renaud Hinse, President and CEO
819 768-2857 or 450 446-5511
819 768-5475 or 450 446-3550 (FAX)
rhinse@abcourt.com

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