Mr. Alex Klenman reports

LEOCOR MINING COMPLETES DRILL CAMPAIGN AT THE BAIE VERTE COPPER-GOLD PROJECT, NEWFOUNDLAND

Leocor Mining Inc.'s recent drill program at the Baie Verte project, a 2,002-hectare (ha) contiguous gold-copper exploration package located on the north-central coast of the island of Newfoundland, in the province of Newfoundland and Labrador, Canada, has been completed.

Crews from Rally Drilling and Resourceful Geoscience Solutions demobilized from the project site on March 18 after completing 27 drill holes totalling 3,040.5 metres (m) at the base metal and gold prospects on the project, Copper Creek and Dorset, respectively.

Drilling at the Copper Creek claims comprised 21 diamond drill holes totalling 2,308.5 m. Eighteen of the 21 Copper Creek drill holes encountered mineralization interpreted to be chalcopyrite over various lengths and in various visually estimated abundances. Previously disclosed Copper Creek highlights included:

• 43.9 m to 46.2 m (2.3 m length) in hole 25-CC-014, containing a visually estimated modal abundance of banded chalcopyrite of 15 per cent with pyrite in visually estimated modal abundances of 10 per cent;
• 20 m to 33.4 m (13.4 m drilled length) in hole 25-CC-012, containing blebby chalcopyrite in a visually estimated modal abundance of 1 per cent;
• 133.6 m to 138 m (4.4 m drilled length) in hole 25-CC-007, containing blebby chalcopyrite in a visually estimated modal abundance of 3 per cent.

Holes 25-CC-015, 25-CC-017, 25-CC-019 and 25-CC-020 intersected intervals of semi-massive pyrite over drilled lengths between 0.2 m and 2.2 m.

The company awaits assay results from 1671 samples from Copper Creek drilling.

Drilling at the Dorset gold prospect comprised six holes totalling 732 m. Highlights of the Dorset drilling include intersecting a pyrite mineralized quartz vein with a drilled length of 1.1 m in hole 25-D.

che Company awaits assay results from 655 samples of drill core from the Dorset drill holes.

It is important to note that these are preliminary observations, and the true grade and thickness of the mineralization will only be determined once assay results are received. Samples of mineralized intervals are being prepared for geochemical analysis by SGS, a Standards Council of Canada-accredited (SCC) laboratory. As of March 21, 2025, the laboratory confirmed 205 samples from Copper Creek are currently being processed, with an estimated date of completion within the next four weeks.

For more information regarding Leocor's Baie Verte project, including detailed figures, assessment details and historic data, please visit the company's website.

Qualified person

David Murray, PGeo, principal consultant at Resourceful Geoscience Solutions Inc., an independent qualified person within the meaning of National Instrument 43-101, Standards of Disclosure for Minerals Projects, has reviewed and approved the technical information presented herein.

About Leocor Mining Inc. (formerly Leocor Gold Inc.)

Leocor Mining 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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