Newcore Gold — Capital/Financing Update 2020

Sep 15, 2020

NOTICE DECLARING INTENTION TO BE QUALIFIED UNDER NATIONAL INSTRUMENT 44-101 SHORT FORM PROSPECTUS DISTRIBUTIONS ("NI 44-101")

September 15, 2020

TO: British Columbia Securities Commission Alberta Securities Commission

Newcore Gold Ltd. (the " Issuer ") intends to be qualified to file a short form prospectus under NI 44-101. The Issuer acknowledges that it must satisfy all applicable qualification criteria prior to filing a preliminary short form prospectus.

This notice does not evidence the Issuer’s intent to file a short form prospectus, to enter into any particular financing or transaction or to become a reporting issuer in any jurisdiction. This notice will remain in effect until withdrawn by the Issuer.

NEWCORE GOLD LTD.

Per: "Luke Alexander" Name: Luke Alexander Title: President & Chief Executive Officer