News Summary

• The TSX Venture Exchange has approved the Company’s request to implement a normal course issuer bid (“NCIB”) program.
• Abcourt may purchase, for cancellation, up to 80,000,000 of its common shares, representing just under 10% of the public float.
• The Company will use funds from its existing cash balances to purchase the shares.
• The Board of Directors of Abcourt believes that the current market price does not adequately reflect the intrinsic value of the Company.