Newcore Gold Drilling Intersects 1.08 g/t Gold over 22.0 Metres and 1.29 g/t Gold over 15.0 Metres, at the Enchi Gold Project, Ghana

The most recent news release, dated November 4, 2025, reports additional drill results from Newcore Gold's ongoing 45,000-metre drill program at its Enchi Gold Project in Ghana. The highlights include intercepts of 1.08 g/t gold over 22.0 metres and 1.29 g/t gold over 15.0 metres, both at the Kwakyekrom Gold Deposit. As of this release, 28,840 metres of the 45,000-metre program have been completed across 231 holes using Reverse Circulation and Diamond Drill techniques. The company's President and CEO, Luke Alexander, stated that these results continue to highlight the resource growth potential at Enchi, specifically at Kwakyekrom, by expanding both near-surface and deeper mineralization. He also reiterated the company's objective of advancing the project to a Pre-Feasibility Study (PFS) in H1 2026.

This news represents a continuation of Newcore Gold's systematic exploration and resource definition efforts at its Enchi project. The reported drill intercepts from Kwakyekrom are positive, confirming the continuity of gold mineralization both near-surface and at depth, which is crucial for potential open-pit, heap-leach operations. The grades and widths (1.08 g/t over 22m, 1.29 g/t over 15m) are consistent with the overall bulk-tonnage profile of the Enchi project, and contribute to the resource growth and conversion goals for the ongoing 45,000-metre drill program.

When viewed in the context of previous news, these results are routine yet positive. The company recently increased its drill program to 45,000 metres (announced October 8, 2025) due to successful financing and prior positive drill results. The PFS timeline of H1 2026 has been consistently communicated, indicating that this news is in line with the company's strategic plan and previously set expectations. While these specific intercepts are good, they do not stand out as "game-changers" when compared to some high-grade results reported earlier (e.g., 204.27 g/t Au over 1.0m from November 13, 2024, or 184 g/t Au over 1.0m from September 4, 2025) which suggested exceptional zones. Instead, they demonstrate steady progress and confirmation of mineralization at one of the known deposits. The market has already absorbed significant positive drilling news and capital raises; therefore, these results are unlikely to cause a dramatic re-rating of the stock, but rather provide continued validation for the ongoing work.

Newcore Gold Ltd. is a Canadian exploration company focused on the development of its 100% owned Enchi Gold Project in Ghana, West Africa. The project is situated along the prolific Bibiani Shear Zone, which extends for over 40 kilometres within Newcore’s land package. The current Mineral Resource Estimate for Enchi (effective January 25, 2023, and integrated into a PEA dated June 7, 2024) includes: - Indicated Resources: 41.7 million tonnes at 0.55 g/t gold for 743,500 ounces. - Inferred Resources: 46.6 million tonnes at 0.65 g/t gold for 972,000 ounces. The project is being advanced towards a Pre-Feasibility Study, with a focus on defining near-surface oxide and shallow fresh mineralization amenable to open-pit mining and heap leach processing.