President and C.E.O. of Abcourt Mines Inc., Mr. Renaud Hinse reports closing of a non-brokered private placement.

This involves flow-through and non-flow-through shares in variable amounts. So far, subscriptions for 1,644,000 flow-through shares and non-flow-through shares have been received for a total amount of $411,000. Each share is accompanied by a warrant giving the right to subscribe to one common share at $0.30 over a period of 24 months. The final closing of this placement will be on September 15, 2008 at the latest.

The Company reports that the net proceeds of the private placement:

will be used for exploration projects on the Aldermac and Elder properties and for working capital.

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