22:35:20 EDT Thu 16 Apr 2026
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Precore Gold Corp
Symbol PRCG
Shares Issued 30,961,273
Close 2026-04-16 C$ 0.265
Market Cap C$ 8,204,737
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Precore Gold completes data compilation at Lac Big-Rush

2026-04-16 20:56 ET - News Release

Mr. Paul Dumas reports

PRECORE GOLD COMPLETES DATA COMPILATION AND READIES FOR AI DRIVEN DRILL TARGET IDENTIFICATION AT THEIR LAC BIG-RUSH GOLD PROPERTY IN QUEBEC

Precore Gold Corp. has completed a data compilation program at its 100-per-cent-owned Lac Big-Rush gold property in the prolific Chibougamau mining camp in Quebec.

After several weeks of reviewing and compiling historical data from past exploration work undertaken on the property prior to the 1980s, as well as incorporating important data gained through Quebec's Ministere des Ressources Naturelles et des Forets databases, Precore Gold is looking forward to using cutting-edge, verified and proven artificial intelligence (AI) technology, provided by Windfall Geotek Inc. The objective is to add a second layer of interpretation and to outline high-priority drill targets across Lac Big-Rush's 2,712 hectares, located adjacent to Iamgold's Nelligan complex and a mere 300 metres from its Croteau deposit (inferred near-surface resource of 640,000 ounces (oz) at 1.73 grams per tonne (g/t)). This AI (artificial intelligence) work will also enable Precore to minimize time spent doing traditional fieldwork at Lac Big-Rush during its maiden exploration campaign, later this year.

Paul A. Dumas, Precore Gold executive chairman, explains: "We are very excited to be working on our Lac Big-Rush project, which hasn't had any exploration work done on it since the early 1980s. Lac Big-Rush presents Precore with great optionality vis-a-vis our flagship Arikepay project in Peru, giving us a second project with great gold discovery potential in a Tier 1, mining-friendly jurisdiction. We also look forward to working with the team at Windfall Geotek and their use of cutting-edge technology to define priority drill targets at Lac Big-Rush. They have had quite an impressive track record of successes elsewhere, so I am looking forward to their interpretation at Lac Big-Rush."

About the Lac Big-Rush property

The property geology is characterized by basalt, amphibolite interlayered with gabbro sills of the Bruneau formation. The 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.

According to public records, about 20 diamond drill holes (DDHs) were drilled on the property between early 1950s and 1986, including 10 DDHs by Noranda Inc. Two historical and noteworthy gold showings, namely Tadd and Croteau West, are listed in the province's Sigeom database.

The Tadd showing is interpreted as a 2.3-metre-wide mineralized quartz vein on average, followed over 50 metres of strike length. Two grab samples returned 7.33 g/t Au and 5.33 g/t Au, respectively (Sigeom).

The Croteau West showing, located about 2.5 kilometres east of the Tadd showing, is an outcropping mineralized occurrence. A grab sample returned 65.15 g/t Au and a channel sample returned three g/t Au over 1.5 metres during the Cree mineral exploration board 2018 prospecting program (assessment report GM-71214).

About Windfall Geotek Inc.

Windfall Geotek is a global leader in AI-driven mineral exploration, leveraging advanced machine learning to integrate and analyze multiparameter geoscientific data, including geophysical, geological, geochemical and remote sensing datasets. Its proprietary platform rapidly identifies and ranks high-probability mineral targets, significantly reducing exploration time, cost and risk. Supported by a multidisciplinary team of geologists, geoscientists and AI specialists, the company has contributed to 41 client discoveries, validating the accuracy and effectiveness of its predictive technology through real-world results. Building on this proven platform, Windfall Geotek is expanding into high-impact applications, including landmine and unexploded ordnance (UXO) detection, highlighting the scalability and societal value of its AI solutions.

Qualified person

The scientific and technical information presented in this news release has been reviewed and approved by Grigor Heba, PGeo, who is responsible for ensuring that the related technical information provided in this news release is accurate and acts as a qualified person (QP) as defined by 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 its 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, which 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.

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