Abcourt Mines -B- (ABI)

News Release - November 23, 2007 4:34 PM ET

Report on Zinc Mining Interim Supply Gap Closure and Related Opportunity Looking Forward with Case Study Pinpointing Abcourt Mines at Inflection Point

NEW YORK, NY -- Madison Avenue Research Group issued a report on zinc mining, related equilibrium in pricing and economic incentive. The report explores the interim zinc supply gap closure and related opportunity look forward as the story taking shape in the market place is the strategic positioning of producers and near term producers to capitalize on global trends that are expected to cause critical shortfalls in production to meet demand going forward only a few years from now. An inflection point model relating to the locating of undervalued shares of pre production zinc miners with resources pinpoints a case study of zinc-silver entity Abcourt Mines Inc. (TSX-V: ABI) with a large zinc resource base and a 13 year mine life.

An abridged version of the report may be viewed free of charge at:

http://madisonaveresearch.com/2008zincmarkets.htm.

Excerpts from report:

1) London Metal Exchange zinc stockpile inventories are off their critical low levels. The story taking shape in the market place is the strategic positioning of producers and near term producers looking to capitalize on global trends that are expected to cause critical shortfalls in production required to meet demand going forward. It is a general consensus among experts that a series of new global zinc mine production that is now beginning to come online are expected to narrow and subsequently close the supply gap for an interim period, and that interim period is not likely to last long before the supply gap re-emerges. There is some debate as to how long this "interim" period will last and what the effect will be on prices during this interim period, however it would seem there is plenty to be optimistic about for current and prospective zinc producers. ... Consumption forecast and insight going forward several years was articulated in a detailed 12 page November 2007 Canaccord zinc analyst report. The report pointed to China's rampant growing industrial production and that with such a large regional user growing so quickly, it should not be surprising that trend global consumption growth could be moving to a higher level. The Canaccord analyst has the aforementioned "interim supply gap closure (zinc surplus)" expected to last until 2011 and may possibly be moved forward as early as 2009 depending on mine production growth falling in china.

2) Upside Valuation Summary of Abcourt Mines:

In light of the exceptional margins afforded producing zinc mines (many with accompanying metals as a bonus), investors would do well to look at Abcourt Mines Inc. (TSX Venture Exchange: ABI chart news)(Pink Sheets: ABMBF). Abcourt Mines is a Silver-Zinc and Gold mining entity with in excess of 750 Million+ Pounds of Zinc and a 13 year mine life as identified in a recently optimized feasibility report. A recent analysts report released this October pegs a 100%+ near term upside valuation from numerous potential project scenarios/catalysts.

The qualified Analyst has identified Abcourt Mines Inc as significantly undervalued with its five projects being heavily discounted at current share price valuation of under CDN$0.50. The Abcourt-Barveau silver-zinc deposit alone has significant resources which the Company's independent feasibility report indicates as economically mineable with a 13 year mine life and this one project alone is significantly discounted with the market capitalization of Abcourt Mines Inc. under CDN$20M; Abcourt has well in excess of a billion US dollars of zinc resources at current market prices. Abcourt Mines also has 19,644,354 ounces of silver at the Abcourt-Barvue project and 198,744 ounces of gold at it's Elder Gold Project.

The Analyst provides a compelling risk-reward picture for inventors as Abcourt is currently undervalued at between a mere $0.01 - $0.02 per Zn-equivalent lb found at the Abcourt-Barvue project alone, a level at the low end generally attributed to earlier stage exploration companies with resources. The currently share price is only attributing value to the in-ground zinc resources at the Abcourt-Barvue project - ignoring its large silver resources, other properties and the significant infrastructure the Company possesses from when it was a past producer at the silver-zinc operation and the Elder Gold mine sites....

Feb 01, 2008 13:09 ET

Abcourt Moves Closer to Production With the Purchase of Mill Equipment for the Abcourt-Barvue Project

MONT-ST-HILAIRE, QUEBEC--(Marketwire - Feb. 1, 2008) - Mr. Renaud Hinse, president and C.O.O. of Abcourt Mines Inc. (TSX VENTURE:ABI), is pleased to announce that Abcourt's offer to buy the "East Malartic" flotation and grinding mill equipment plus all accessories including bins, conveyors, cyclones, pumps, tanks, overhead cranes, lime and reagents circuits, electrical circuits, a gravity circuit with two 30" Knelson separators, spare parts, etc, has been accepted. The whole for an amount of $1,375,000.

This with the two ball mills, crusher and lime plant already purchased and the existing facilities on the mine site covers close to 90% of all the material needed for the construction of an 1800-tonne per day mill at our silver-zinc Abcourt-Barvue project. The dismantling and shipping of the mill equipment to our mine site will start in May next, after the spring thaw.

The purchase of mill equipment is a major step towards a production decision by Abcourt.

Abcourt Mines Inc. is an exploration and development company with strategically located properties in Northwestern Quebec, Canada. The Abcourt-Barvue project with 43-101 silver-zinc ore reserves and resources and the Elder mine with 43-101 gold resources are both past producers. Abcourt is now focused on bringing these two projects back in production and at the same time, it is working on other projects (Aldermac, Jonpol and Vendome), to increase its mineral resources inventory. A positive 43-101 feasibility study was recently completed on the Abcourt-Barvue project. For additional information, see our Press Releases dated February 16, 2007 and August 9, 2007. To know more about Abcourt, please consult our web site www.abcourt.com and Sedar www.sedar.com , see "Abcourt Mines Inc".

The Abcourt shares are trading on the TSX Venture Stock Exchange under the symbol ABI.V and at Frankfurt and Berlin in Germany.

FORWARD-LOOKING STATEMENTS: Except for statements of historical facts, all statements in this news release, including, without limitation, statements regarding forecasts, plans and objectives of Abcourt Mines Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

This press release was prepared by Mr Renaud Hinse, a qualified person, president of Abcourt Mines Inc.

Falls es jemanden interessiert, ABIs Kurs hat sich mittlerweile vom Jahrestiefststand von 29 Cents auf aktuell 53 Cents erholt bei stark steigenden Umsätzen. Die Inbetriebnahme der ersten Mine wird laufend konkreter, erste Maschinen wurden angeschafft