Mr. Alex Klenman reports

LEOCOR MINING PROVIDES UPDATES ON WARRANT EXERCISES AND FILING OF EARLY WARNING REPORT

Leocor Mining Inc. (formerly Leocor Gold Inc.) has seen an aggregate of 26,231,040 share purchase warrants issued in connection with the company's March 26, 2026, unit private placement exercised as of the date hereof for aggregate gross proceeds of $2,623,104.

Furthermore, the company announces the filing of an early warning report by an investor of the company, Planet Ventures Inc., pursuant to the requirements of National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues) and National Instrument 62-104 (Take-Over Bids and Issuer Bids) in connection with Planet Ventures' acquisition of common shares in the capital of the company pursuant to the exercise of 7,231,040 warrants at 10 cents per warrant on April 14, 2026.

As a result of the transaction, Planet Ventures beneficially owns an aggregate 46,086,123 common shares, representing 19.95 per cent of 230,963,442 common shares issued and outstanding following the transaction. Planet Ventures also owns an aggregate of 12,768,960 additional warrants, entitling Planet Ventures to purchase an additional 12,768,960 shares. The warrants are subject to a blocker provision providing that Planet Ventures shall not be entitled to exercise any warrants to the extent that, after giving effect to such exercise, Planet Ventures would beneficially own more than 20 per cent of the common shares issued and outstanding at the time of exercise.

This news release is being issued in connection with the filing of the early warning report pursuant to the requirements of NI 62-103 and NI 62-104. A copy of the early warning report will be filed under Planet Ventures' profile on SEDAR+ and may also be obtained by contacting Etienne Moshevich, chief executive officer of Planet Ventures, at info@planetventures.com or 604-681-0084.

About Leocor Mining Inc.

Leocor Mining is a British Columbia-based resource company involved in the acquisition and exploration of precious metal projects, with a current focus in Atlantic Canada.

Leocor, through outright ownership and earn-in agreements, currently controls several gold-copper projects in prime exploration ground located within the prolific Baie Verte mining district. Leocor's Baie Verte portfolio includes the Dorset, Dorset Extension, Copper Creek and Five Mile Brook projects, creating a contiguous approximately 2,000-hectare exploration corridor.

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