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Mon, May 10, 2010

Abcourt Engages an Investor Relations Person for the U.S. and English Canada Market


Published on 2010-05-10 11:50:15 - Market Wire
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MONT-ST-HILAIRE, QUEBEC, CANADA--(Marketwire - May 10, 2010) -

Mr. Renaud Hinse, president and C.E.O. of Abcourt Mines Inc. (TSX VENTURE:ABI)(BERLIN:ABI)(FRANKFURT:ABI), is pleased to announce the engagement of Mr Jeffery P. Boykin, of North Carolina, to act as investor relations consultant to the Company for the development of the US and English Canada market. Mr. Boykin has a business place in North Carolina and in Toronto.

Mr. Boykin is an experienced attorney with transactional, regulatory and trial experience. He was previously Investor Relations for a junior resource company based in Toronto, Ontario. In the future, Mr. Boykin will work exclusively for Abcourt on 50% of his time and will assist Abcourt in providing information on the Company and on its mining properties. His function will be to communicate with investment dealers, funds managers, analysts, advisers, newspapers and shareholders, both current and prospective, to increase awareness of and interest in Abcourt Mines Inc.

The initial term of the agreement with Mr Boykin is four months at a monthly fee of US $5,000, with a possible additional term of eight months at US $6,000 per month. Furthermore, Abcourt has granted to Mr Boykin a stock option to purchase 200,000 Class B shares of the Company, at an exercise price of $0.15 per share, vesting at a rate of 50,000 shares quarterly and expiring 30 days after the date of termination of the engagement. The shares issued will be subject to a hold period of four (4) months from the date the option is granted.

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 and the Aldermac property with historical copper-zinc resources are all former producers. Abcourt is now focused on bringing the Abcourt-Barvue and Elder 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 completed in 2007 on the Abcourt-Barvue project. In addition, mill equipment was purchased. A 43-101 resource calculation was recently done for the Elder mine. To know more about Abcourt, please consult our web site [ www.abcourt.com ] and Sedar [ www.sedar.com ], see "Abcourt Mines Inc". A small location plan and longitudinal projection of the Aldermac mineralized zones are shown on our web site. A small location plan of the Elder and Tagami properties is also shown on our web site.

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.


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.

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