NEWCORE GOLD LTD - NCAUF STOCK NEWS

Newcore Gold Ltd. (NCAUF) reports successful drilling results at its 100% owned Enchi Gold Project in Ghana, expanding its drilling program to 90,000 metres after completing an $11.5 million equity financing. Recent drill results from the Boin Gold Deposit include 1.00 g/t Au over 103.0 metres, while the Sewum Gold Deposit saw 0.63 g/t Au over 77.0 metres. Overall, 23 of the 25 drilled holes intersected gold mineralization. The project's inferred resource is estimated at 70.4 million tonnes grading 0.62 g/t Au, yielding 1.41 million ounces of gold.

Newcore Gold Ltd. announces significant drill results from its Enchi Gold Project in Ghana, revealing the highest-grade gold interval to date: 95.16 g/t Au over 2.0 m from RC hole KBRC250. The ongoing 66,000 metre drill program has confirmed extensive gold mineralization, with 90% of holes intersecting gold. The total Inferred Mineral Resource stands at 1.41 million ounces. Key highlights include multiple wide zones of mineralization, further indicating the potential for resource expansion across the district. Approximately 50% of the identified gold-in-soil anomaly remains untested.

Newcore Gold Ltd. (NCAUF) announced impressive results from column tests at its Enchi Gold Project in Ghana, achieving an average gold recovery of 94.7%. The project, hosting an inferred mineral resource of 1.41 million ounces of gold, completed four column tests from its Sewum and Boin deposits, with recovery rates ranging from 91.7% to 97.7%. The tests indicated low reagent consumption, supporting the suitability of the project for heap leach gold recovery. Further metallurgical testing is underway to optimize recoveries across other deposits.

Newcore Gold Ltd. (NCAUF) has filed a technical report supporting an updated Preliminary Economic Assessment (PEA) for its Enchi Gold Project in Ghana, effective June 8, 2021. The PEA indicates a robust project with a pre-tax NPV of $333 million at a gold price of $1,650/oz, and strong IRR metrics. The project has an inferred resource of 70.4 million tonnes grading 0.62 g/t Au, containing 1.4 million ounces of gold. Additional exploration is ongoing to enhance resources, with significant potential indicated by recent drilling results.

Newcore Gold Ltd. (TSX-V: NCAU, OTCQX: NCAUF) announced the results of its Annual General Meeting held on June 29, 2021. Shareholders approved all resolutions, including setting the board size at nine and re-electing incumbent directors. A total of 49,499,830 shares were voted, representing 50% of the total shares outstanding. The reappointment of PricewaterhouseCoopers LLP as auditors was also confirmed. Newcore is advancing its Enchi Gold project in Ghana, an area rich in gold deposits, with a focus on maximizing shareholder returns through responsive management.

Newcore Gold Ltd. (NCAUF) announced positive results from an updated Preliminary Economic Assessment (PEA) for its Enchi Gold Project in Ghana. The PEA reveals an after-tax NPV5% of $212 million and an IRR of 42% at a gold price of $1,650/oz. Average annual gold production is projected at 104,171 ounces over the first five years. Initial capital costs are estimated at $97 million with a payback period of 2.3 years. The updated Inferred Mineral Resource stands at 70.4 million tonnes grading 0.62 g/t gold, containing 1.4 million ounces. The company believes there is significant exploration upside potential.

Newcore Gold Ltd. (TSX-V: NCAU, OTCQX: NCAUF) announced promising drill results from the Boin Gold Deposit at its Enchi Gold Project in Ghana. The recent drilling expanded the strike length by over four kilometres, with significant intersections including 0.90 g/t Au over 69.0 metres and high-grade zones of 2.06 g/t Au over 12.0 metres. This brings the total mineral resource at Enchi to 1.22 million ounces, remaining open for further expansion. The ongoing 66,000 metre drill program has confirmed gold mineralization in 32 of 44 holes reported.

Newcore Gold Ltd. reported significant progress at its Enchi Gold Project in Ghana, announcing additional drill results from the Kwakyekrom Gold Target. The recent drilling has revealed a gold intersection of 0.61 g/t Au over 50.0 m and a notable expansion of mineralization by 500 meters, now covering a 1.3 km strike. Furthermore, metallurgical tests show an average gold recovery of 79.8% from oxide samples. The company is set to complete an updated Preliminary Economic Assessment (PEA) by Q2 2021, incorporating 18,000 meters of recent drilling data.

Newcore Gold Ltd. has expanded its Enchi Gold Project drill program in Ghana to 66,000 metres by adding 8,000 metres of Reverse Circulation drilling, following successful results. Significant findings include 0.79 g/t Au over 59.0 m at Kojina Hill, and 1.32 g/t Au over 9.0 m at Nyam. Total completed drilling includes 40,549 metres across 255 holes, with 10 of 13 holes intersecting gold. The project hosts an Inferred Mineral Resource of 52.9 million tonnes grading 0.72 g/t Au, estimated at 1.22 million ounces of gold.