Mr. Paul Dumas reports

PRECORE GOLD COMPLETES 100% ACQUISITION OF THE LAC BIG-RUSH GOLD PROPERTY IN THE PROLIFIC CHIBOUGAMAU MINING CAMP OF QUEBEC

Further to Precore Gold Corp.'s definitive option agreement announced Feb. 4, 2025, to acquire a 100-per-cent undivided interest in the Lac Big-Rush gold property from a single private owner, it has accelerated and modified its agreement to immediately own 100 per cent of the property.

Initially the company entered into a definitive option agreement to acquire 100 per cent of the property over a three-year period. However, given the discovery potential of the property in this prolific mining camp, the company has accelerated the original terms to complete 100-per-cent ownership.

This development is especially important as it comes on the heals of a noteworthy sector M&A (merger and acquisition) transaction within the region, namely Iamgold Corp. completing the acquisition of Northern Superior Resources Inc. on Dec. 19, 2025, to create the Nelligan Mining complex, one of the largest preproduction gold camps in Canada, with measured and indicated mineral resources of 3.75 Moz (million ounces) Au (gold) and inferred mineral resources of 8.65 Moz Au. The close proximity of Iamgold's primary deposits to each other supports the conceptual vision of a central processing facility within the Chibougamau camp, that could be fed from multiple ore sources within a 17-kilometre radius (Iamgold, Oct. 20, 2025).

Precore's Lac Big-Rush property is located along the east-west Faribault and Croteau inverse faults and shears, and is included in a gold-bearing area, neighbouring to the west of Iamgold's Croteau project, which hosts an inferred near surface resource of 640,000 oz at 1.73 grams per tonne, located a mere 300 metres from Precore Gold's property boundaries.

The company is also pleased to inform that the 100-per-cent ownership comes with an additional 498 hectares adjacent to the existing property/claims package. Once complete, Precore Gold will own a total of 49 claims (2,712 hectares) in the infamous Chibougamau mining camp, Eeyou-Istchee Baie-James territory.

Paul A. Dumas, Precore Gold executive chairman, explains: "We are pleased to have acquired 100 per cent of the Lac Big-Rush property, located in this prolific and highly prospective mining camp in Quebec, a Tier 1 mining jurisdiction. With the most recent M&A activity in the Chibougamau mining camp, we wanted to capitalize on the opportunity of securing the property, at what we believe to be a discounted cost. We believe this asset has great discovery potential, seeing as it has noteworthy historical drill hole data, yet hasn't had any exploration work done on it since the early 1980's. We look forward to the planning of a preliminary exploration campaign in the second half of 2026."

The transaction

Pursuant to the definitive option agreement between the private vendor and the company, the company has acquired 100-per-cent interest in the property in consideration of the previous payment of $15,000 and the issuance of 400,000 common shares:

• A total final cash payment of $20,000 to the vendor in lieu of $15,000;
• And a total issuance of 250,000 common shares of the company in lieu of 200,000 including milestone payments. The common shares issued in connection with the 100-per-cent acquisition are subject to a statutory hold period of four months and one day in accordance to the Canadian securities laws.

The vendor will retain a 2-per-cent net smelter royalty (NSR) from the proceeds of any commercial production. The company will have the right to purchase up to 1.5 per cent of the remaining NSR for the sum of $1-million at any time, by providing the vendor written notice to that effect. The vendor will have no area of interest surrounding the property. The transaction is subject to the Canadian Securities Exchange approval.

Qualified person

The scientific and technical content of this news release has been reviewed and approved by Louis Gariepy, PEng (OIQ No. 107538), director and lead technical adviser of Precore Gold, who is a qualified person within the meaning of National Instrument 43-101 -- Standards of Disclosure for Mineral projects.

About Precore Gold Corp.

Precore Gold is a Canadian junior gold exploration company focused on building a solid portfolio of exploration projects with strong gold discovery potential, in order to capture the strength of the gold market and to generate long-term shareholder returns. The company is focused on their flagship properties, the Arikepay property, in Arequipa, Peru and the Lac Big-Rush property in Chibougamau, Que. The company plans to seize opportunities, whereby promising properties are located in prolific mining camps, in politically stable jurisdictions, that contain important historical drilling results that have not seen any follow-up work in years. Precore Gold's mission is underpinned by diligent environmental, social and corporate governance (ESG) standards.

We seek Safe Harbor.