Newcore Gold Ltd.

NEWCORE – ADVANCING THE ENCHI GOLD PROJECT IN GHANA

Newcore Gold Ltd. (TSX-V: NCAU | OTCQX: NCAUF) is advancing its Enchi Gold Project in southwest Ghana. The Project hosts an Indicated Mineral Resource of 1,502,000 ounces of gold at 0.56 g/t and an Inferred Mineral Resource of 626,000 ounces of gold at 0.49g/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 Asante Gold’s Chirano and Bibiani mines to the north.

A Preliminary Economic Assessment (PEA) Study⁽²⁾ completed in April 2024 highlighted robust economics for the development of an open pit 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. As of March 2026, a 60,000-metre drill program is well underway targeting discovery and resource expansion drilling. Newcore Gold is also advancing development work with a Pre-Feasibility Study targeted for completion by the end of H1 2026.

Newcore’s top-tier leadership is aligned with shareholders through their 13% 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 13%, 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
• Pre-Feasibility Study Targeted for Completion in H1 2026
  PEA Study completed at Enchi in 2024, strong leverage to the gold price
• Expansion Potential – Deposits Open Along Strike and to Depth
  60,000m drill programme underway, with +100,000 metres of resource expansion and discovery drilling completed since 2020