Newcore Gold drills 1.37 g/t Au over 24.0 m at Enchi, Ghana

Diamond Drilling at the Sewum Gold Deposit Intersects Wide Zones of Shallow Gold Mineralization, Below the Limits of the Pits that Constrain the Mineral Resource Estimate VANCOUVER, British Columbia, June 16, 2026 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce additional drill results from the 80,000-metre drill program underway at the Company’s Enchi Gold Project ("Enchi" or the "Project") in Ghana. Diamond Drilling ("DD") at the Sewum Gold Deposit ("Sewum") encountered wide zones of gold mineralization in the shallow oxide-transition and the upper fresh mineralization, below the limits of the pits that constrain the Mineral Resource Estimate. Hole SWDD121 intersected 1.37 grams per tonne gold ("g/t Au") over 24.0 metres ("m") from 94.0 m, including 1.93 g/t Au over 12.0 m from 103.0 m, with a second shallow mineralized zone of 0.55 g/t Au over 16.5 m from 30.0 m.

Hole SWDD115 intersected 0.74 g/t Au over 10.2 m from 54.3 m, with a second high-grade interval of 9.24 g/t Au over 1.9 m from 251.4 m, including 17.36 g/t Au over 1.0 m from 251.4 m. This news release reports results for diamond drilling completed at Sewum. Drilling continues to demonstrate the continuity of gold mineralization and potential for resource growth at Enchi.

Alongside drilling and exploration, development at Enchi is ongoing with a Pre-Feasibility Study ("PFS") on track for completion by the end of June 2026. Highlights from Diamond Drilling at the Sewum Gold Deposit at Enchi Drilling intersected wide zones of gold mineralization above the mineral resource grade and below the limits of the pits that constrain the Mineral Resource Estimate. Diamond drill hole SWDD121 intersected multiple gold mineralized zones including 1.37 g/t Au over 24.0 m from 94.0 m, including 1.93 g/t Au