Mr. Luke Alexander reports

NEWCORE GOLD ANNOUNCES APPOINTMENT OF VICE PRESIDENT, PROJECTS AND ANNUAL GRANT OF EQUITY INCENTIVE AWARDS

Newcore Gold Ltd. has appointed Ben Collins as vice-president, projects, effective Sept. 7, 2026. Newcore has promoted Mal Karwowska to the position of senior vice-president, corporate development and investor relations.

Luke Alexander, president and chief executive officer of Newcore, stated: "We are excited to welcome Ben to our team. His significant experience in study management, team leadership and technical project development positions him well to guide the next phase of our technical programs. Ben was also a member of the consulting team that delivered the recent prefeasibility study for our Enchi gold project in Ghana, and his familiarity and knowledge of the project positions him well to continue to help drive Enchi's development forward. Concurrently, I am also pleased that the board of directors has recognized Mal's strong contributions to Newcore since joining the company in 2020. Mal has played a critical role in building the Newcore brand and raising the company's profile within the capital markets, while also being central to the advancements we have made at Enchi over the past six years. This promotion reflects her contributions, hard work, dedication and commitment to creating value for all Newcore stakeholders."

Dr. Collins, PhD, PEng, has over 15 years of experience in the mining industry, spanning mining engineering, mineral economics, technical studies, project development and environmental management. His career has focused on leading diverse technical teams to deliver multidisciplinary engineering studies, economic assessments, resource estimations and permitting applications. Prior to joining Newcore, Mr. Collins served as director, projects, at Fuse Advisors (part of SLR), where he led multidisciplinary technical projects and provided owners'-team advisory services. He has also worked closely with executive teams to align technical solutions with corporate strategy and commercial objectives. Dr. Collins holds a PhD in mineral economics from McGill University and a bachelor of applied science in mining engineering from the University of British Columbia.

Ben Collins, VP, projects, of Newcore, stated: "I am excited to be joining the Newcore team with a focus on advancing our Enchi gold project in Ghana. Having recently visited Enchi, I had the opportunity to see the quality of the asset first-hand as the team builds on the recently completed prefeasibility study. With an 80,000-metre drill program under way, focused on discovery and resource expansion, I look forward to helping guide the next phase of technical programs to unlock the significant value potential of our Enchi gold project."

Ms. Karwowska has been promoted to senior vice-president, corporate development and investor relations, effective Aug. 21, 2026. Ms. Karwowska joined Newcore in September, 2020, as vice-president, corporate development and investor relations, and has since been an instrumental part of the executive management team, managing the company's business development and investor relations initiatives. She has 18 years of experience in the mining industry with a focus on capital markets, corporate development, principal investing and investor relations. Her career across investment banking, private equity and corporate roles provides her with a broad perspective across public markets, private capital and corporate development within the mining sector. Ms. Karwowska holds a bachelor of commerce in finance and accounting from the Sauder School of Business at the University of British Columbia.

Newcore also announces the annual grant of equity incentive awards. Newcore has granted 2.17 million stock options, 2,215,000 restricted share units (RSUs) and 450,000 performance share units (PSUs) to employees, consultants, directors and executives of the company under the company's long-term incentive plan. The stock options were granted at a price of 33 cents per share for a period of five years and will vest over a three-year period with one-third vesting after each 12-month period. The RSUs will vest over a three-year period with one-third vesting after each 12-month period. The PSUs will vest after a one-year period based on attendance at quarterly board of director meetings.

About Newcore Gold Ltd.

Newcore Gold is advancing its Enchi gold project located in Ghana, Africa's largest gold producer. Newcore Gold offers investors a unique combination of top-tier leadership, who are aligned with shareholders through their 12-per-cent equity ownership and prime district-scale exploration opportunities. Enchi's 248-square-kilometre land package covers 40 kilometres of Ghana's prolific Bibiani shear zone, a gold belt which hosts several multimillion-ounce gold deposits, including the Chirano mine 50 kilometres to the north. Newcore's vision is to build a responsive, creative and powerful gold enterprise that maximizes returns for shareholders.

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