ABCOURT MINES INC. BARVUE MINE SILVER-ZINC PROJECT (July, 2017) Planned 1750 t/d mill Project 1
A BCOURT M INES Inc. TSXV : ABI FORWARD LOOKING STATEMENTS Except for statements of historical facts, some statements contained in this Power Point presentation, constitute forward looking statements, including, without limitation, anticipated developments in the Company’s operations in future periods and other events or conditions that may occur in the future. These statements are about the future and are inherently uncertain and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors. Management believes that the expectations reflected in those statements are reasonable but no assurance can be given that these expectations will prove to be correct. It is recommended not to place undue reliance on forward-looking statements as the plans, intentions or expectations upon which they are based might not occur. 2
A BCOURT M INES Inc. TSXV : ABI CAPITAL STRUCTURE 276,678,218 common shares issued (297,065,418 M fully diluted) – June 29, 2017 Close to 40% held by management and board members Listings: Toronto Stock Exchange Venture: ABI.V and also in Berlin (AML-BE) and Frankfurt (AML-FF) Working capital: (March 31, 2017) $ 2.4 M CA (debt free) Market capitalization: $24.9 million CA (August 23, 2017) 52 weeks trading: $0.04 – $0.13 (June 29, 2017) Year ending June 30, 2016: revenue from gold sales at Elder mine: $24 M and 15,711 ounces of gold were produced During 1 st half of the 2016 fiscal year (July 1 st to December 31, 2015), a positive margin of $2.85M was accounted in reduction of the property, plant & equipment account During the 2 nd half of the 2016 fiscal year (January 1 st to June 30, 2016) with the start of commercial production, the net profit was $1.73M During the 1 st nine months of the 2017 fiscal period (July 1 st , 2016 to March 31, 2017), a net loss of $1.9M was incurred. A profit of $186,000 was made in the 3 rd quarter. 3
A BCOURT M INES TSXv : ABI / Pink Sheets : ABMBF STRONG MANAGEMENT TEAM Officers: Renaud Hinse, P. Eng., Mining engineer President and CEO has been actively involved in operations throughout Canada for over 50 years, both with major and junior mining companies. Proven track record of cost efficient mining operation management. Marc Filion, P. Eng., Ph.D, M.B.A., Director and CFO, has over 35 years of worldwide expertise of projects development and management. Claude Ferland, P. Eng., has more than 20 years of mining experience in Canada. Charles Bélanger, P. Eng., M.B.A., has more than 30 years of mining experience in Canada. Roger Jolicoeur (RWJ Consultants Miniers), Mill operator and construction specialist with extended worldwide experience. Christine Lefebvre, LLB, CPA, CA, chief accountant with several years of experience. Directors: Renaud Hinse, mining engineer, CEO François Mestrallet, business man André de Guise, mining engineer with several years of mine management experience Marc Filion, Ph. D, M.B.A., P. Eng. geology Normand Hinse, B. adm., business man Jean-Guy Courtois, retired business man Legal counsel: Me Julie Godard, Rouyn-Noranda, Qc Auditors: Dallaire & Lapointe, Rouyn-Noranda, Qc 4
A BCOURT M INES Inc. TSXv : ABI The Company’s Abcourt-Barvue project consists: 1. Of raising $ 5.0 M for engineering, updating the feasibility study and dewatering the mine 2. Of building a 1,750 t/d mill and open the past producing silver/ zinc Barvue mine near Val d’Or with an open pit operation. 5
A BCOURT M INES TSXv : ABI / Pink Sheets : ABMBF ABCOURT’S PROPERTIES (ROUYN-NORANDA / BARVUE MINE VAL-D’OR AREA) 1- Barvue 2- Vendome 3- Jonpol 4- Elder-Tagami 5- Aldermac 6
A BCOURT M INES TSXv : ABI / Pink Sheets : ABMBF ABCOURT’S PROPERTIES (AMOS – MATAGAMI 8 . AREA) 6- Vezza (claims) 7- Géant Dormant mine 8- Discovery - Flordin 7
TSXv : ABI A BCOURT M INES Inc. FORMER SILVER-ZINC PRODUCER Barvue mine’s production : 8.87 M oz Ag and 198,850 st Zn in concentrate from open pit (1952-57) and 2.67 M oz Ag and 34,850 st Zn in concentrate from underground (1985-90) . Historical picture of Barvue mine (1952-1957) Sleeping Giant mine / mine Géant Dormant 8
A BCOURT M INES Inc. TSXv : ABI / Pink Sheets : ABMBF Aerial view of Barvue mine site 8 . 9
A BCOURT M INES TSXv : ABI EMERGING SILVER-ZINC PRODUCER Barvue Property • Existing infrastructures are evaluated at 7 M $CA (buildings and equipment) 10
A BCOURT M INES Inc. TSXv : ABI / Pink Sheets : ABMBF EMERGING SILVER-ZINC PRODUCER Barvue Property RESERVES AND RESOURCES HIGHLIGHTS • Past producer 1952-1957: 8.87 M oz Ag and 198,850 st Zn in concentrate from Barvue open pit mine 1985-1990: 2.67 M oz Ag and 34,850 st Zn in concentrate from Barvue U/G mine • According to 2007, 43-101 F/S by Genivar (now WSP): • Measured reserves: 6,515,863 t @58.32 g/t Ag & 3.33%/t Zn • Indicated resources: 503,106 t @95.35 g/t Ag & 3.44%/t Zn • Inferred resources: 1,505,687 t @ 120.53 g/t Ag & 2.98%/t Zn • According to new 2014 43-101 Mineral resources report by consultant J.P. Bérubé: • Measured & Indicated resources:8,086,000 t @ 55.38 g/t Ag & 3.06%/t Zn (14,400,000 ounces of silver & 545,000,000 pounds of zinc) • Inferred resources: 2,041,150 t @ 114.32 g/t Ag & 2.89%/t Zn • (7,500,000 ounces of silver & 130,000,000 pounds of zinc) • Resources established for more than 13 years of production at a proposed rate of 615,000 t/yr 11
A BCOURT M INES Inc. TSXv : ABI / Pink Sheets : ABMBF EMERGING SILVER-ZINC PRODUCER Barvue Property • 2014 measured and indicated resources: 8,086,000 tonnes @ 55.58 g/t Ag, 3.06% Zn • 2014 inferred resources: 2,041,150 tonnes @ 114.32 g/t Ag, 2.89% Zn SERVES (incl. dilution) 2010 & 2011 drilling at 150 – 180 m depth has upgraded and expended these resources. • Two kilometer long mineralized zone in major structure • Explored at depth to only about 200 m 12
A BCOURT M INES Inc. TSXv : ABI / Pink Sheets : ABMBF 2006 Proven / Probable : 6,823,532 tonnes @ 57.76 g/t Ag and 3.11% Zn MINERAL RESERVES (incl. dilution) ( 95 % Proven, 78 % Open pit, 5.7 % Ave. Dilution ) TYPICAL SECTION Barvue Deposit Showing : • ore zone • marginal ore • mined out areas 2010 & 2011 drilling at 150 – 180 m depth • existing open pit has upgraded and expended these Partly resources. Drilling continues. • proposed open pit • Two kilometer long mineralised zone in major structure • Explored at depth to only about 200 m 13
A BCOURT M INES Inc. TSXv : ABI / Pink Sheets : ABMBF EMERGING SILVER-ZINC PRODUCER Barvue Property OPERATIONAL HIGHLIGHTS Property easily accessible; some buildings available on property Project consists of 80% open pit & 20% underground mining at a rate of 615,000 t/yr Processing consists of cyaniding the ore or the zinc concentrate to recover up to 80% of the silver and producing a 56-57% Zn concentrate for sale The mine and mill will be in production in about 24 months after adequate financing Close to 80% of milling and underground mining equipment is on the property Qualified manpower and mining services are readily available in the area Tailing disposal area already approved and certificate of authorisation has been issued for water treatment facilities and the dewatering of the mine 14
A BCOURT M INES Inc. TSXv : ABI / Pink Sheets : ABMBF EMERGING SILVER-ZINC PRODUCER Summary of project CAPEX Barvue Property (all in Canadian dollars x 1,000) 2007 estimate CAN$ Mine equipment & preproduction stripping, etc 19,812 Process plant (EPCM & contingencies included) 44,275 Infrastructure 1,862 Owner’s cost (including warehouse inventory) 1,930 Pre-production capital 67,879 Working capital 3,376 Total: 71,255 Less value of equipment on site 11,255 Net cost 60,000 Subsequent 10 year on-going capital expenditures 24,420 (open pit & underground development) 15
A BCOURT M INES Inc. TSXv : ABI / Pink Sheets : ABMBF EMERGING SILVER-ZINC PRODUCER Barvue Property SUMMARY OF OPERATING COSTS (all in Canadian dollar, 2007 estimate) Life-of-mine operating costs in M$ Unit costs / tonne Mining 1 98.6 15.30 Processing 87.42 13.46 G & A 14.30 2.22 Royalties 1.16 0.18 Total 201.48 31.16 1 Supplies include maintenance and repairs by the suppliers for open pit equipment. 16
A BCOURT M INES Inc. TSXv : ABI / Pink Sheets : ABMBF EMERGING SILVER-ZINC PRODUCER Zinc price forecast Barvue Property (Source: World Bank – in $/t) Average price 2017 – 2025 = US$1,04 / lb August 11, 2017 = US$1.31 / lbs 17
A BCOURT M INES Inc. TSXv : ABI / Pink Sheets : ABMBF EMERGING SILVER-ZINC PRODUCER Barvue Property August 2017 18
A BCOURT M INES Inc. TSXv : ABI / Pink Sheets : ABMBF EMERGING SILVER-ZINC PRODUCER Satellite Properties Barvue Property (for additional mill feed) Zn – Ag – Au – Cu Properties (with distance to Barvue’s future mill site) Vendôme (15 km S of mine site) Jonpol-Paramount (35 km NW of mine site) Aldermac (150 km SW of mine site) 19
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