Americore closes first tranche of LIFE offering

Vancouver, British Columbia--(Newsfile Corp. - July 7, 2026) - Americore Resources Corp. (TSXV: AMCO) (FSE: 5GP) (OTCQB: AMCOF) (the " Company " or " Americore ") is pleased to announce that, further to its press releases dated June 15, 2026, and June 29, 2026, it has closed the first tranche (the " First Tranche ") of its previously announced "best efforts" private placement of units (the " Units ") of the Company (the " Offering ") for aggregate gross proceeds of $1,007,794.90 through the issuance of 2,723,770 Units at a price of $0.37 per Unit (the " Offering Price "). Each Unit is comprised of one common share of the Company (each, a " Common Share ") and one Common Share purchase warrant (each, a " Warrant "). Each Warrant entitles the holder to purchase one Common Share (each, a " Warrant Share ") at an exercise price of $0.50 per Warrant Share until July 7, 2029.

The Units were offered for sale to purchasers in all provinces of Canada pursuant to the listed issuer financing exemption and were subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions , as amended and supplemented by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption of the Canadian Securities Administrators. The Offering was conducted with Canaccord Genuity Corp., as lead agent and sole bookrunner, on its own behalf and on behalf of a syndicate of agents (collectively, the " Agents "). As consideration for their services in connection with the closing of the First Tranche of the Offering, the Agents received: (i) an aggregate cash commission equal to $62,985.82, representing 7.0% of the gross proceeds of the First Tranche of the Offering, subject to a reduction to 3.5% of the gross proceeds in respect of Units sold to purchasers included on a president's list determined by the Company (the " President's List "); (ii) an aggregate of 170,232 broker warrants (the " Broker Warrants "), representing 7.0% of the aggregate number of Units issued pursuant to the First Tranche of the Offering, subject to a reduction to 3.5% in respect of Units issued to purchasers on the President's List; and (iii) an aggregate of 54,475 corporate finance warrants (the " Corporate Finance Warrants "), representing 2.0% of the aggregate number of Units issued pursuant to the First Tranche of the Offering.

Each Broker Warrant and Corporate Finance Warrants entitles the holder to purchase one Unit at a price equal to the Offering Price until July 7, 2029. The closing of the First Tranche of the Offering remains subject to final acceptance of the TSX Venture Exchange. The net proceeds of the Offering will be used for the advancement of the Company's Trinity Silver Project in Nevada, as well as for general working capital and corporate purposes.

The Units (and the underlying securities) comprising the Offering have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") and have not and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. The Units have been offered and sold in the United States to accredited investors (each, a " U.S. Accredited Investor ") meeting one or more of the criteria in Rule 501(a) of Regulation D under the U.S. Securities Act or U.S. Accredited Investors that also qualify as a qualified institutional buyer as defined in Rule 144A under the U.S. Securities Act, in each case by way of a private placement pursuant to an exemption from the registration requirements under the U.S. Securities Act and applicable state securities laws. Any Units offered and sold in the United States shall be issued as "restricted securities" as defined in Rule 144(a)(3) under the U.S. Securities Act.