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Abcourt Mines Inc.: Update on the Rehabilitation Work Currently Being Done at the Elder Mine
Published : January 29, 2013
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MONT-ST-HILAIRE, QUÉBEC--(Marketwire - Jan. 29, 2013) - Mr. Renaud Hinse, President and C.E.O. of Abcourt Mines Inc. (News - Market indicators)(FRANKFURT:AML)(BERLIN:AML) (the "Company"), reports that following the positive NI 43-101 preliminary economic assessment report (P.E.A.) on the Elder gold mine project prepared by Roche Ltd., Consulting Group (Roche), rehabilitation work on levels 7, 8 and 9 continues with about 20 peoples including staff members. Mine development and ore extraction will start once we receive a certificate of authorization, expected within a month from the Ministry of Environment and once we receive a permit for explosives expected within two weeks.

Amendment to the exercise price of share purchase options

Abcourt also announces a modification to the exercise price of the 300,000 stock options granted on December 7, 2012 in favor of each of its two new directors, in order to increase the exercise price from $0.085 to $0.10 per share.

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. A positive PEA report on Elder mine, prepared by Roche Ltd, Consulting Group, was recently received (November 2012)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 November 26, 2010 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.

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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Abcourt Mines Inc.

DEVELOPMENT STAGE
CODE : ABI.V
ISIN : CA00288E3005
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Corporate Presentations of Abcourt Mines Inc.
2/22/2008Mining Sector Advisory Update as Abcourt MinesSets Up for Si...
In the News and Medias of Abcourt Mines Inc.
4/19/2006Addicted to Abcourt
Annual reports of Abcourt Mines Inc.
2008 Annual report
Annual Report 2006
Financings of Abcourt Mines Inc.
10/18/2013Announces Closing of a $359,000 Private Placement
8/22/2013Announces the Closing of a Non-Brokered Private Placement fo...
10/2/2012Closes of a Non-Brokered Private Placement of $563,000
4/19/2011Announces Filing of Final Prospectus for New Issue of Units
3/29/2011Files Preliminary Short Form Prospectus For New Issue of Uni...
1/4/2011Closing of a $1.5 M Non-Brokered Private Placement With Mine...
8/15/2007Closing of Private Placement
8/1/2007$3.02 Million Private Placements
7/25/2007private placements
Option Grants of Abcourt Mines Inc.
9/26/2012Engages Investor Relations Firm
Nominations of Abcourt Mines Inc.
8/27/2007Appointment of Mr. Charles Belanger as V-P, Mines
Project news of Abcourt Mines Inc.
9/24/2013(Abcourt-barvue)Purchases 23 Claims in Barraute Township, in Abitibi, to Enl...
1/29/2013(Elder Mine)Update on the Rehabilitation Work Currently Being Done at th...
7/5/2011(Tagami)Four Holes Drilled by Abcourt on Tagami Property Intersected...
5/26/2011(Abcourt-barvue)Hole AB11-24 Drilled at Abcourt-Barvue Intersected 4.9 Meter...
5/12/2011(Elder Mine)The Dewatering of The Elder Mine Was Started at the Beginnin...
2/28/2011(Vendome Barvallee)Purchases an Interest in the Vendome Base Metal and Gold Pro...
2/15/2011(Abcourt-barvue)Drilling at Abcourt-Barvue Continues to Intersect Two Bands ...
1/17/2011(Elder Mine)Continues to Expand Mineralized System at Elder Drilling Int...
12/7/2010(Abcourt-barvue)Announces First Drilling Results on Abcourt-Barvue Property
11/10/2010Accelerates its Diamond Drilling Program
1/26/2007Option on the Aldermac property approved
Corporate news of Abcourt Mines Inc.
9/10/2013(Elder Mine)Additional High Grade Gold Intersections at Elder Mine Near ...
8/16/2013Signs a Custom Milling Agreement With Aurbec Mines Inc., a W...
7/30/2013Elder Gold Mine Continues to Surprise Us With Some High Grad...
7/30/2013Elder Gold Mine Continues to Surprise Us With Some High Grad...
7/15/2013Restoration Plan for Elder Gold Mine Approved and New Resour...
7/8/2013Update on Elder Gold Mine Development
5/21/2013Mine Development at Elder Gold Mine is Progressing Well
4/18/2013Receives the Certificate of Authorization to Proceed With th...
2/20/201343-101 Resource Report on Vendome Property
12/12/2012Annual and Special Meeting of Shareholders Held on December ...
11/5/2012The Preliminary Economic Assesment (P.E.A.) Report of Elder ...
10/24/2012P.E.A. on Elder
9/10/2012Update on Elder
6/13/2011(Abcourt-barvue)Hole AB11-31 Drilled at Abcourt-Barvue Intersected 4.5 Meter...
6/8/2011Amendment to the Stock Option Plan and Grant of Stock Option...
4/23/2007Allied sets Oct for gold mine start
3/29/2007Option on Jonpol and Paramount
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TSX-V (ABI.V)FRANKFURT (AML.F)
0.075+0.00%0.0610
TSX-V
CA$ 0.075
07/30 15:53 -
0%
Prev close Open
0.075 0.075
Low High
0.075 0.075
Year l/h YTD var.
0.060 -  0.090 7.14%
52 week l/h 52 week var.
0.060 -  0.100 7.14%
Volume 1 month var.
175,000 -6.25%
24hGold TrendPower© : 18
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