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Abcourt Mines Inc.: Update on the Rehabilitation Work Currently Being Done at the Elder Mine

Abcourt Mines Inc.: Update on the Rehabilitation Work Currently Being Done at 
the Elder Mine 
MONT-ST-HILAIRE, QUEBEC -- (Marketwire) -- 01/29/13 -- Mr. Renaud
Hinse, President and C.E.O. of Abcourt Mines Inc. (TSX
VENTURE:ABI)(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. 
Contacts:
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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