Abcourt Mines announces dewatering of Elder gold mine and revised 43-101 resources estimate January 26, 2012

Abcourt Mines Inc. (TSX-V: ABI) has reported that the dewatering of the Elder mine, located near Rouyn-Noranda, Québec, is making good progress. The water is now 18 meters below the ninth level at a depth of 400 meters from surface.

“As we go deeper in the shaft, the volume of water to pump diminishes. If everything goes well, we expect to complete the dewatering of the mine by the end of March next. The mine has 14 levels developed, two not developed, and the volume of water to pump at the beginning of the operation was estimated at 215 million US gallons. About 50 million US gallons remain to be pumped,” said Mr. Renaud Hinse, President and C.E.O. of Abcourt Mines Inc.

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For further information, please contact:

Renaud Hinse, President and Chief Executive Officer
T: 819 768-2857 F: 819 768-5475
Email : rhinse@abcourt.com