Mr. Alex Klenman reports

LEOCOR MINING INC. ANNOUNCES OPTION GRANT

Leocor Mining Inc. (formerly Leocor Gold Inc.) has granted incentive stock options to certain directors, officers and consultants of the company for the purchase of up to 1.1 million shares of common stock in the capital of the company, pursuant to the company's incentive stock option plan. The options vest immediately and are exercisable at an exercise price of 27 cents per share for a two-year term, expiring on Oct. 27, 2028.

The options grant is subject to the approval of the Canadian Securities Exchange. The options and the shares to be issued upon exercise thereof shall be subject to a hold period of four months plus one day from the date of grant.

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.