Mr. Alex Klenman reports

LEOCOR GOLD MOBILIZES FOR UPCOMING DRILL PROGRAM AT THE BAIE VERTE PROJECT, NEWFOUNDLAND

Fieldwork has commenced regarding Leocor Gold Inc.'s upcoming drill campaign at the Baie Verte project, an approximately 2,000-hectare contiguous exploration package located in north-central Newfoundland, Canada.

Leocor's geological team, led by Resourceful Geosciences, and the drill crew (Rally Drill Services) report the crew has commenced mobilization to the drill site. Team members are currently on site and working to complete core shack set-up, assess road conditions to the drill locations, trail flagging and drill hole spotting.

Drill crew and equipment are expected on site before the end of the week with the commencement of drilling anticipated to begin imminently.

Multiple drill holes at Copper Creek will target areas of known mineralization with both favourable structures and positive geochemical attributes. At Dorset, the targets are concentrated in areas where the company intersected significant gold results in its 2022 drill campaign. The drill program will be conducted under the supervision of David Murray, PGeo, president of Resourceful Geosciences. The company will provide an update early next week.

The Dorset project is highly prospective for additional high-grade gold zones and the 2025 program will be designed to test some of the priority zones within a prominent one by two km gold-in-soil anomaly delineated by Leocor in 2022.

Name change

The company also announces that it will change its name to Leocor Mining. No change to the capital structure or ticker symbol is expected in connection with the name change. The name change remains subject to the approval of the Canadian Securities Exchange, and the company will issue a further news release once the effective date for the name change has been determined.

Qualified person

The technical information contained in this press release has been previously published and was reviewed and approved at that time by Mike Kilbourne, PGeo, and Jodie Gibson, PGeo, both independent qualified persons as defined in National Instrument 43-101.

About Leocor Gold Inc.

Leocor Gold 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 Bae Verte portfolio includes the Dorset, Dorset Extension, Copper Creek and Five Mile Brook projects, creating a contiguous nearly 2,000-hectare exploration corridor. The company also controls district scale land packages in north-central Newfoundland, known as Robert's Arm, Hodge's Hill and Leamington, representing over 144,000 hectares (1,440 square kilometres) of prospective exploration ground.

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