gold - silver - zinc

Near term producer & explorer - Abitibi, Quebec

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Message: Info sheet from ABI

Info sheet from ABI

posted on Feb 23, 2008 07:27AM

I was speaking with Joe O'birien, He is the internal IR person from ABI, and he sent me an info sheet which I cut and pasted for your reading pleasure.

Please do your due diligece

Cheers




Summary of observations made by qualified analyst:
An analyst report from Q3/07 (copy available here [PDF]) has identified Abcourt Mines Inc as
significantly undervalued with its five key projects being heavily discounted at current share price
valuation of under CDN$0.50. The Abcourt-Barvue silver-zinc deposit alone has significant resources
valued at over one billion US dollars which the Company's independent feasibility report indicates as
economically mineable with a 13 year mine life. This one project alone is significantly discounted with
the market capitalization of Abcourt Mines Inc. under CDN$21M; Abcourt Mines has 278,830 metric
tons of zinc resources and 19,644,354 ounces of silver at the Abcourt-Barvue project, they also have
198,744 ounces of gold at it's Elder Gold Project. Additionally Abcourt Mines owns infrastructure and
equipment which estimated value exceeds its current market-cap. The Analyst provides a compelling
risk-reward picture for inventors, explaining how Abcourt will realize a multiple expansion (p / Zn
equiv.) 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 current 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.

------- ------- ------- -------

Abcourt now has active programs at several base metal properties and a gold property, all
located in Quebec’s prolific Abitibi Greenstone Belt:


1. The Abcourt-Barvue Zinc-Silver property (100% ABI) unifies two past producers with significant
exploration/development work. It has been the subject of a recent optimized feasibility study on a >500
million lb. Zn, 13+ million ounce Ag orebody over a 13 year minelife. Additional inferred resources and
clear exploration potential could result in a long life asset. Abcourt is continuing with a development
program at Abcourt-Barvue (permitting, raising financing, etc.)

2. Elder Gold Property (100% ABI). Plans now are to re-open the 43-101 compliant 200,000+ ounce
gold resource following a successful drill program completed in 2006. This project is a past producing
gold mine with significant infrastructure in place. A 2,600 foot existing shaft is developed on 14 levels to
2,000 feet. Production plans include exploration and development of levels 15 and 16. The resource is
open at depth.

3. The Jonpol Copper-Zinc-Silver property A $300,000, 2,500 meter drill program has recently been
completed and initial drill results released November 26, 2007 revealed good silver values.

4. The Aldermac Zinc-Copper property, has known historical resources at this past producing property
and a high grade resource was discovered in 1987/88. There is considerable underground development
in place. Abcourt proceeded with a $300,000 exploration drill program at this property in January 2008.
See website for drill results.

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