Mr. Jeff Poloni reports

AMERICORE ANNOUNCES UPDATE TO LIFE OFFERING

Americore Resources Corp., further to its news release on June 15, 2026, has expanded its previously announced best efforts private placement to include investors in the province of Quebec.

The offering is being conducted pursuant to an engagement letter with Canaccord Genuity Corp., on its own behalf and, if applicable, on behalf of a syndicate of agents, for a minimum of 2,702,703 units and a maximum of up to 8,108,108 units of the company at a price of 37 cents per unit for aggregate proceeds of a minimum of $1-million and up to a maximum of approximately $3-million. Each unit comprises one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of 50 cents per warrant share for a period of 36 months following the completion of the offering.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions, as amended and supplemented by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption of the Canadian Securities Administrators, the units will be offered for sale to purchasers in all provinces of Canada pursuant to the listed issuer financing exemption, however, the offering in Quebec will not commence until such time as the French Form 45-106F19 has been filed and posted on SEDAR+ and the company's website.

As consideration for their services, the agents will receive an aggregate cash fee equal to 7.0 per cent of the gross proceeds of the offering, provided that a cash fee equal to 3.5 per cent shall be payable in respect of gross proceeds from units sold to purchasers included on a president's list to be determined by the company. In addition, the company will issue to the agents warrants representing 7.0 per cent of the aggregate number of units issued pursuant to the offering, provided that broker warrants equal to 3.5 per cent shall be issuable in respect of units sold to purchasers on the president's list. Each broker warrant will entitle the holder to purchase one unit at a price equal to the offering price for a 36-month period from the date of issuance. Lastly, the company will issue to the agents warrants representing 2.0 per cent of the aggregate number of units issued pursuant to the offering. Each corporate finance warrant will entitle the holder to purchase one unit at a price equal to the offering price for a 36-month period from the date of issuance.

The net proceeds of the offering are expected to be used for the advancement of the company's Trinity silver project in Nevada, as well as for general working capital and corporate purposes. The offering is expected to close on or about July 7, 2026, and in no event later than 45 days from the initial announcing news release for the offering on June 15, 2026, subject to the satisfaction of customary closing conditions, including, but not limited to, receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

An amended and restated offering document related to the offering will be available in both French and English under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

We seek Safe Harbor.