Precore Gold Closes Second Tranche of Private Placement

Executive Summary

• Precore Gold Corp. closed the second and final tranche of its non‑brokered private placement, issuing 2,081,662 units at C$0.18 per unit for gross proceeds of C$374,700.
• Combined with the first tranche, total units issued equal 7,637,382 for aggregate gross proceeds of C$1,374,729.60.
• Net proceeds will be used to fund exploration programs at the Arikepay and Lac Big‑Rush projects and for general working capital.

Key Details

• Second Tranche Units: 2,081,662 units @ C$0.18 per unit = C$374,700 gross proceeds.
• Unit Composition: Each unit = 1 common share + ½ of one common‑share purchase warrant (full warrant gives right to buy 1 additional common share at C$0.25). Warrants exercisable for 36 months from issuance.
• First Tranche Recap: 5,555,720 units issued on September 18, 2025 for gross proceeds of C$1,000,029.60.
• Total Placement: 7,637,382 units issued; total gross proceeds C$1,374,729.60.
• Use of Proceeds: Exploration work at Arikepay and Lac Big‑Rush projects; general working capital.
• Advisory Fee to Canaccord Genuity Corp.: C$25,000 plus 13% HST paid via issuance of common shares (“Advisory Fee Shares”) at a deemed price of C$0.18 per share.
• Hold Periods: All securities from the second tranche (including advisory fee shares) subject to statutory hold of four months + one day, expiring 22 Feb 2026; also subject to an Exchange Hold for four months, expiring 21 Feb 2026.
• Executive Comment: Paul A. Dumas noted the financing was completed below target to limit dilution and will support imminent exploration at Lac Big‑Rush, adjacent to Northern Superior’s Croteau deposit (640,000 oz @ 1.73 g/t).

Notable Quotes

“This has been a successful first round of financing for the Company. Given the recent rally in the market and peaking commodity prices, we decided to close the placement below the targeted amount in order to minimize shareholder dilution at these levels. The raised proceeds will go a long way in supporting the kick off of upcoming exploration programs at the Arikepay and Lac Big‑Rush projects.” – Paul A. Dumas, Executive Chairman, Precore Gold Corp.