Abcourt Launches a Drilling Campaign at the Polymetallic Site of the Former Barvue Mine, Barraute Sector in Abitibi-Temiscamingue

Executive Summary

• Abcourt Mines Inc. is launching a 2,000-meter drilling campaign at the former Barvue silver and zinc mine site near Barraute, Quebec, beginning the first week of June 2026.
• The campaign will deploy 4 holes (~500m each) to test high-value, unexplored silver-rich plunge extensions at depths never previously targeted, extending beyond the historical 200-meter mining limit.
• Exploration is partially funded by a January 2026 loan from Glencore, which will also provide significant technical expertise, leveraging the current surge in silver and zinc commodity prices to unlock the project's intrinsic value.

Key Details

• Drilling Campaign Structure: 2,000 meters total volume, consisting of 4 drill holes averaging 500 meters each, scheduled to commence in the first week of June 2026.
• Geological Objectives: Targeting deep extensions of Volcanogenic Massive Sulphide (VMS) deposits beneath the old pit; specifically testing silver-rich plunge axes where mineralized convergences occur at depths previously unexplored (past operations maxed out at 200m vertical depth).
• Historical Production Totals: ~5.63 million tonnes processed across two mining periods:
• Open-Pit (1952-1957): ~5.0 million tonnes @ 38.74 g/t Ag, 2.98% Zn.
• Underground (1986-1990): ~632,000 tonnes @ 131.65 g/t Ag, 5.04% Zn.
• Cumulative Output: ~320 million pounds Zinc and ~6.7 million ounces Silver.
• Historical Resource Assessment (2019 Scoping Study by P. Bonneville & F. Baril):
• Measured & Indicated: 8.08 Mt @ 55.45 g/t Ag, 3.06% Zn
• Inferred: 2.03 Mt @ 114.16 g/t Ag, 2.89% Zn
• Total Combined: 10.11 Mt @ 67.27 g/t Ag, 3.02% Zn
• Funding & Strategic Partnership: The campaign is partially funded by a loan granted to the Company on January 30, 2026, by Glencore, which will also supply recognized technical support and expertise.
• Technical Leadership: Planning, interpretation, and execution are managed by Dr. Mathieu Piché (P.Geo.), a VMS specialist with over 40 years of experience and 4 years tenure at Abcourt.
• Economic Leverage Context: The 2019 resource model was built on a $16.50 USD/oz silver price assumption. The release highlights a financial leverage effect with silver currently trading above $70 USD/oz, and zinc averaging over $3,200 USD/tonne in 2026.
• Strategic Classification: Highlights zinc and silver as Critical and Strategic Minerals (CSM) in North America, citing government subsidies and supply chain security initiatives across Quebec, Canada, and the US.

Notable Quotes

• "With the recent rise in the price of silver, the Company has decided to unlock the value of the Volcanogenic Massive Sulphide projects within its own property portfolio. We possess the internal expertise to successfully conduct exploration on our base metal projects, thanks to the presence of Dr. Mathieu Piché in our exploration department. In Mathieu, we can rely on the experience and competence of one of the best geologists in Canada for VMS exploration. This upcoming drilling campaign will mark the rebirth of a former silver-producing mining camp in the Abitibi." — Pascal Hamelin, President and CEO