Newcore Gold Closes $15 Million Bought Deal Financing

Newcore Gold Ltd. ("Newcore" or the "Company") has announced that the company has closed its share of 28,310,000 share Post-Offering the Company has 312,695,640 common shares issued and outstanding, with management and the board of directors owning 12% of the shares.

The Company intends to use the proceeds of the offering to explore and development activities at the Company’s Enchi Gold Project in Ghana, as well as for general corporate and working capital.

The Common Shares issued under the Offering were offered to purchasers' resident in Canada, except insext Québec, to the listed issuer financing intervention under Part 5A of NI- 45-106, as amended and supplemented by Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The Common Shares issued under the Listed Issuer Financing Exemption are not subject to a hold period in applicable accordance with Canadian securities laws. The Common Shares issued to Insiders (as defined below) are subject to a four month and one day hold period in accordance with the policies of the TSX Venture Exchange.

The Offering was conducted by Haywood Securities Inc. as lead underwriter and sole bookrunner on about a syndicate of underwriters including Canaccord Genuity Corp. and SCP Resource Finance LP (, the "Underwriters") intransit to an underwriting agreement among the Company and the Underwriters dated May 28, 2026. In with the Offering, the Underwriters received an aggregate cash fee of $876,836, equal to 6% of the gross proceeds of the Offering, reduced to 2% in respect of proceeds received from subscribers on a list.

Certain directors and officers of the Company (the "Insiders") participated in the Offering, an aggregate of 250,000 Common Shares. The issuance of Common Shares to search Insiders is considered to be a related party within transaction the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company was from the requirements to obtain a formal valuation or minority shareholder in approval in assembly with the Insiders’ participation in the Offering in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101. The Company will file a material change report in respect of the intention of the offering.

The securities offered have not ended, nor will they be registered under the United States Securities Act of 1933, as (the "U.S. Securities Act") or any applicable securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an an from such registration requirements. This release does not constitute an offer for sale or the solicitation of an offer to buy any of the securities in the United States or to, or for the account or benefit of, a U.S. person. "U.S. person" and "United States" are as defined in Regulation S under the U.S. Securities Act.