Newcore Gold Ltd.

Newcore Gold (TSX-V: NCAU | OTCQX: NCAUF) is advancing its 100% owned Enchi Gold Project in southwest Ghana. The Project hosts an Indicated Mineral Resource of 743,500oz of gold at 0.55g/t and an Inferred Mineral Resource of 972,000oz of gold at 0.65g/t (1). Enchi’s district scale, 248km2 land package, covers 40kms of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several large, multi-million-ounce gold deposits, including the Chirano mine 50kms to the north.

A Preliminary Economic Assessment (PEA) Study (2) completed in April 2024 highlighted robust economics for the development of an open pit, heap leach operation at Enchi. The district scale exploration opportunity at Enchi provides longer-term growth potential with all existing resource areas open along strike and at depth, numerous untested early-stage targets identified across the property, and higher-grade structures defined at depth that remain largely underexplored and untested. A 10,000m RC drill program is underway, targeting infill and resource expansion drilling.

Newcore’s top-tier leadership is aligned with shareholders through their 18% equity ownership and is backed by one of the strongest boards in the sector.

• Management & Institutional Backing
  Top-tier team, successful track record of creating shareholder value
• Incentivized Leadership
  Management & Board own 18%, invested alongside shareholders
• Golden Ghana
  Top gold jurisdiction in Africa known for big, successful mines
• Gold Project with District Scale Exploration Potential
  Located along one of West Africa’s most prolific gold belts
• Robust PEA at Enchi – Simple, Open Pit, Heap Leach Project (2)
  Low capital intensity, short payback period, strong leverage to gold price
• Expansion Potential – Deposits Open Along Strike and to Depth
  10,000m drill program underway, with ~95,000m of resource expansion and discovery drilling completed since 2020