Mr. Alex Klenman reports

LEOCOR MINING ANNOUNCES PROPOSED SHARE CONSOLIDATION

Leocor Mining Inc. (formerly Leocor Gold Inc.) intends to consolidate its common shares on the basis of 10 preconsolidation shares for every one postconsolidation share. The consolidation is intended to make the company more attractive to potential new investors.

The consolidation was approved by the board of directors of the company in accordance with the articles of the company but remains subject to the approval of the Canadian Securities Exchange. The company will issue a further news release announcing the effective date and final consolidation ratio in connection with the consolidation upon receiving exchange approval.

The company will not be changing its name in conjunction with the consolidation.

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 Baie Verte portfolio includes the Dorset, Dorset Extension, Copper Creek and Five Mile Brook projects, creating a contiguous approximately 2,000-hectare exploration corridor.

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