Born Gold Deposit Current RC Drilling Completed

VANCOUVER - Newcore Gold Ltd. reported on the 10,000-metre drill program underway at the Enchi Gold Project in Ghana. Reverse Circulation (RC) drilling at the Boin Gold Deposit completed as part of the resource growth and infill program designed to convert Inferred Resources to Indicated intersected 0.94 grams per tonne gold (g/t Au) over 54.0 metres (m) from 150 m in hole KBRC294, including 2.11 g/t Au over 7.0 m from 151 m and 2.08 g/t Au over 11 m from 170 m. Hole KBRC294 ended in mineralization outside the current limits of the pit constrained Mineral Resource Estimate. All drill holes intersected gold mineralization, continuing to prove out the continuity of gold mineralization and potential for future resource growth at Boin.

All drill holes intersected gold mineralization, confirming continuity along strike and down dip for the two principal structures which comprise the Boin Gold Deposit. Drilling encountered mineralization in both the near surface oxides as well as the upper portions of the sulphides.

Hole KBRC296 intersected 1.44 g/t Au over 25.0 m from 31 m in the oxides, with a second zone of 2.26 g/t Au over 7.0 m from 67 m in the transitional material. Hole KBRC298 intersected 0.53 g/t Au over 61.0 m from 159 m, including 1.07 g/t Au over 12.0 m from 173 m. Hole KBRC295 intersected 1.25 g/t Au over 24.0 m from 130 m. Hole KBRC294 ended in mineralization which was intersected outside the limits of the pit that constrains the current Mineral Resource Estimate.

Multiple structures intersected, with drilling continuing to prove out the continuity of higher-grade mineralization at Boin. Hole KBRC294 intersected 0.94 g/t Au over 54.0 m from 150 m, including 2.11 g/t Au over 7.0 m from 151 m, and 2.08 g/t Au over 11.0 m from 170 m, and a second interval of 3.24 g/t Au over 6.0 m from 107 m including 16.52 g/t Au over 1.0 m from 109 m.

In addition to the 10,000-metre RC drill program that is underway, further exploration and development work is on-going at Enchi to continue to de-risk the development of the Project and prove-out the district scale exploration potential. This work includes additional metallurgical testwork, drone surveys, hydrogeological testing, condemnation drilling, geotechnical work, environmental work, an airborne magnetic survey, trenching and soil sampling.

Luke Alexander, President and CEO, said, "We are thrilled with the results encountered to date from the 10,000-metre drill program underway at our Enchi Gold Project in Ghana. The results to date not only show strong continuity of mineralization at the Boin Gold Deposit, but importantly are highlighting the potential for resource growth at depth with mineralization encountered below the limits of the pits that constrain the current resource at Enchi. The start of this drill program has also had strong success with prior released hole KBRC288, calculated on gram by metre, encountering the second-best intercept to date at Boin, which is now followed by hole KBRC294 which is in the top twenty of intercepts drilled to date at Boin. We look forward to continuing to prove out the strong potential for resource growth at Enchi while also advancing the Project with drilling to prove up the confidence level of the existing resources."