Leocor Mining launches rights offering

Vancouver, British Columbia ( July 21, 2026) - TheNewswire – Leocor Mining Inc. (CSE: LECR, OTCQB: LECRF, Frankfurt: LGO0) (“ Leocor ” or the “ Company ”) (formerly Leocor Gold Inc.) is pleased to announce it is undertaking a rights offering to raise gross proceeds of $2,497,952.52. The Company will be offering 249,795,252 rights (the “ Rights ”) to holders of its common shares (the “ Shareholders ”) at the close of business on the record date of July 24, 2026 (the “ Record Date ”) on the basis of one (1) right for each one (1) common share held (the “ Rights Offering ”). Each one (1) Right will entitle the holder to subscribe for one common share of the Company (a “ Share ”) upon payment of a subscription price of $0.01 per Share.

Pricing of the rights offering is mandated by the Canadian Securities Exchange (the “ CSE ”) rules which require the Company to offer all existing Shareholders a discount to purchase new Shares in order to provide a meaningful incentive to all Shareholders to participate in the Rights Offering. Upon completion of the Rights Offering and assuming all Rights are exercised, the Company will have 499,590,504 Shares outstanding, of which the Shares issued under the Rights Offering represent 50%. The Company will enter into a standby guaranty agreement with Game 7 Investments Inc. and Zimtu Capital Corp. (collectively, the " Standby Guarantors "), pursuant to which the Standby Guarantors have agreed, in order to ensure that the Rights Offering raises aggregate gross proceeds of at least $1,500,000, to subscribe for such number of  Shares as is necessary to make up any shortfall below $1,500,000 in aggregate subscriptions received from holders of Rights, up to a maximum of 150,000,000 Shares (the " Standby Guaranty ").

For greater certainty, the Standby Guaranty only applies to the first $1,500,000 of the Rights Offering, if the Rights Offering receives aggregate subscriptions of $1,500,000 or more from holders of Rights, the Standby Guarantors will have no obligation to subscribe for any Shares under the Standby Guaranty. Currently, the Standby Guarantors collectively hold 31,570,750 Shares representing 12.64% of the Company’s total issued and outstanding Shares. If the Standby Purchasers acquire all of the Shares under the Standby Guaranty, and their Basic Subscription Privilege, the Standby Purchasers will hold 63,141,500 Shares representing 12.64% of the Company’s total issued and outstanding Shares after the completion of the Rights Offering.  In consideration for the Standby Guaranty, the Company will pay to the Standby Guarantors an aggregate cash standby fee of $75,000 each, being equal to 10% of the total amount of the Standby Guarantee.

In addition, as consideration for their Standby Guaranty, the Company will issue non-transferable bonus Share purchase warrants to the Stand-By Guarantor entitling them to purchase up to a total  15,000,000 Shares, being 10% of the total number of Shares the Stand-By Guarantors have committed to purchase, at a price of $0.05 per Share for a period of 5 years from the Expiry Time (as defined herein). It is expected that the Rights Offering will launch on July 29, 2026 and the rights will expire on 2:00 p.m. (Pacific time) on or about August 20, 2026 (the “ Expiry Time ”), after which time unexercised Rights will be void and of no value. Shareholders who fully exercise their Rights under the basic subscription privilege will be entitled to subscribe for additional Shares, if available, as a result of unexercised rights prior to the Expiry Time, subject to certain limitations as set out in the Company’s Rights Offering circular to be dated July 21, 2026 (the “ Circular ”), which will be filed on SEDAR+ under the Company’s profile at www.sedarplus.ca.