Mr. Brian Morrison reports

AMERICORE RESOURCES CORP. CLOSES TRINITY SILVER PROJECT AGREEMENT WITH NEWMONT

Americore Resources Corp. has completed the first payment under its previously announced Trinity silver project agreement with Newmont Corp., originally announced on Sept. 17, 2025.

Under the terms of the agreement, Americore has issued 100,000 common shares to Newmont and has paid the first-year cash payment of $50,000 (U.S.), representing the first rental payment for the properties during the initial 12-month period of the agreement. All shares issued are subject to a statutory hold period of four months and one day in accordance with applicable securities laws.

The company has filed on SEDAR+ an independent technical report titled "Technical Report on the Trinity Project," effective Oct. 16, 2025, and dated Oct. 28, 2025, for the company's Trinity silver project. The technical report was prepared in accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. The report was authored by Jeffery Bickel, CPG, of Respec, located in Reno, Nev. Mr. Bickel is a qualified person under NI 43-101 guidelines, is responsible for, and approves, the content of the technical report and this release.

Summary of agreement terms

The agreement grants Americore a lease to the exclusive right to conduct exploration work for minerals on project lands currently owned by Newmont, and a sublease for lands currently leased by Newmont.

Exploration agreement terms:

1. On the effective date, Americore shall pay $50,000 (U.S.) to Newmont and issue 100,000 common shares of Americore as rental payment for the properties during the first 12-month period of the agreement.
2. On or before the first anniversary of the effective date, Americore shall pay $100,000 (U.S.) to Newmont and issue 300,000 common shares of Americore as rental payment for the properties during the second 12-month period of the agreement.
3. These payments shall not be offset or credited against any production royalty.

Purchase and sale option terms

Subject to the conditions set out in the exploration agreement, Newmont has agreed to sell, assign, transfer, convey and deliver to Americore all of its rights, title, interest and obligations in both the owned and leased properties. The payment for the purchase shall be:

1. A one-time payment of $350,000 (U.S.) to Newmont;
2. The issuance to Newmont of 700,000 common shares of Americore;
3. A 2-per-cent net smelter return (NSR) royalty, of which Americore shall have the right to purchase one half (1 per cent) for $3.5-million (U.S.) at any time prior to commercial production.

Finders' fees

In connection with the closing of the first payment, the company paid finders' fees of $3,750 (U.S.) in cash and 7,500 shares.

The completion of this initial payment represents an important milestone for Americore as it advances the Trinity silver project and continues to strengthen its North American exploration portfolio.

The company would also like to report the granting of 1.6 million incentive stock options to directors and consultants of the company pursuant to the company's stock option plan. The options have a term of five years and are exercisable at a price of 30 cents per common share.

About Americore Resources Corp.

Americore Resources is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in North America. The company's primary asset is the Trinity silver project in Pershing county, Nevada, which covers approximately 14,523 acres of owned and leased land and hosts a historic open-pit, heap-leach silver operation.

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