Abcourt Mines hits record Q4 development at Sleeping Giant, 160% tonnage increase

ROUYN-NORANDA, Quebec, July 16, 2026 (GLOBE NEWSWIRE) -- Abcourt Mines Inc . (“ Abcourt ” or the “ Company ”) is pleased to present a major, unaudited operational update for the fourth quarter (Q4) ending June 30, 2026 , as well as the year-to-date consolidated results for its Sleeping Giant gold mine, located in Abitibi, Quebec. Q4 2026 Operational Highlights (Quarter ended June 30, 2026): Strong acceleration in mill processing: A total of 11,891 tonnes of ore was processed during Q4, representing an impressive 160% increase compared to the previous quarter (7,445 tonnes in Q3). The month of June marked a historical peak for the year with 5,229 tonnes milled.

Ongoing gold production: Gold production in Q4 amounted to 720 ounces produced (with 646 ounces poured), bringing the annual cumulative total to 3,628 ounces produced (including 2,647 ounces poured for the fiscal year). Underground development up 180%: Underground mine development reached a record 554 meters in Q4 (including 215 meters in the month of June alone), compared to 307 meters in Q3. Intensification of exploration drilling: Diamond drilling totaled 11,059 meters in Q4, representing a 155% increase compared to Q3, demonstrating the sustained effort to expand the mine's resources.

Start of the first Long Hole stope: The drill is currently operating in the mine, allowing the start of long hole stope extraction. Detailed Operational Data — 2025-2026 Fiscal Year The following table presents the monthly and quarterly evolution of mill activities and underground operations at the Sleeping Giant mine: Processing Plant Operations Production Variance Analysis: Milled Tonnage (Q4 vs Q3): +160% in mill throughput capacity, driven by the ongoing training of the underground workforce. Average Grade: The average grade for the fiscal year stands