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Newcore Gold Capital/Financing Update 2021

Jul 21, 2021

46558_rns_2021-07-21_90561f43-3756-4147-baeb-306bb183931a.pdf

Capital/Financing Update

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NEWS RELEASE

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Newcore Gold Drilling Intersects 95.16 g/t Gold Over 2.0 Metres and 1.28 g/t Gold Over 74.0 Metres, at the Enchi Gold Project, Ghana

Highest-Grade Gold Interval to Date Intersected at Enchi; Results from Additional Drilling on the Boin Gold Deposit

July 21, 2021

TSX-V: NCAU, OTCQX: NCAUF

Vancouver, BC – Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce additional drill results from the 66,000 metre drill program underway at the Company’s 100% owned Enchi Gold Project ("Enchi" or the "Project") in Ghana. Drilling at the Boin Gold Deposit ("Boin") at Enchi has intersected the highest-grade interval to date of 95.16 grams per tonne gold ("g/t Au") over 2.0 metres ("m") from 109 m in RC hole KBRC250. Drilling also continues to encounter wide zones of mineralization, with results intersecting 1.28 g/t Au over 74.0 m from 121 m in diamond hole KBDD064.

Highlights from Drilling at Boin

  • Highest-grade interval to date intersected at the Enchi Gold Project, encountered on the northern portion of the Boin Gold Deposit.

  • RC hole KBRC250 intersected 95.16 g/t Au over 2.0 m from 109 m to 111 m (true width unknown), and a second structure with 13.22 g/t Au over 1.0 m from 120 m to 121 m (sulphide zone).

  • Drilling on the central portion at Boin has extended the drill tested mineralization down dip, encountering wide zones of higher-grade gold mineralization.

  • Diamond hole KBDD064 intersected a wide zone of gold mineralization of 1.28 g/t Au over 74.0 m from 121 m to 195 m (sulphide zone), including a series of higher-grade structures including:

    • 2.65 g/t Au over 6.4 m from 122 m to 128.4 m;

    • 9.93 g/t Au over 1.4 m from 136.0 m to 137.4 m;

    • 2.24 g/t Au over 6.1 m from 149.3 m to 155.4 m;

    • 4.04 g/t Au over 6.4 m from 170.6 m to 177.0 m; and

    • 2.41 g/t Au over 4.0 m from 189.0 m to 193.0 m.

  • Drilling on the southern portion of the Boin Gold Deposit continues to intersect multiple wide zones of gold mineralization.

  • RC hole KBRC264 intersected three gold mineralized zones with results including:

    • 0.50 g/t Au over 9.0 m from 33 m to 42 m (oxide zone);

    • 0.39 g/t Au over 30.0 m from 72 m to 102 m (oxide and upper sulphide zone); and

    • 0.51 g/t Au over 53.0 m from 177 m to 230 m, including 1.17 g/t Au over 9.0 m from 187 m (sulphide zone).

  • RC hole KBRC268 intersected two principal gold mineralized zones:

    • 0.79 g/t Au over 25.0 m from 60 m to 85 m (upper sulphide zone); and

    • 0.54 g/t Au over 13.0 m from 108 m to 121 m (sulphide zone).

  • Approximately 50% of the Boin gold-in-soil anomaly remains untested by drilling.

Suite 413 - 595 Burrard Street, P.O. 49167 Vancouver, British Columbia V7X 1J1

www.newcoregold.com [email protected]

Luke Alexander, President and CEO of Newcore stated, "The ongoing 66,000 metre drill program continues to deliver strong results, with this set of results encountering the highestgrade gold intercept to date at Enchi with 95.16 g/t Au over 2.0 m from 109 m in shallow sulphide mineralization. These results complement other higher-grade gold mineralization discovered on the Project, with wide zones of gold mineralization encountered that also include a series of higher-grade gold structures. Drilling at Boin continues to highlight the open-ended nature of the deposit, as well as the potential for higher grade sulphide mineralization at depth, which is consistent with our geological model. 90% of the holes drilled to date as part of the current drill program have encountered gold mineralization, with approximately 46,000 metres of the drill program yet to be incorporated into the current 1.41 million ounce Inferred Mineral Resource Estimate, underscoring the resource growth potential across the district scale property."

Greg Smith, Vice President of Exploration of Newcore stated, "These results from drilling at Boin highlight the potential for continued resource expansion. The deposit is open along strike with the southern results confirming that strong gold mineralization exists for more than one kilometre south of the currently defined Inferred Mineral Resource Estimate. The high-grade gold intervals intersected include zones interpreted to be related to the intersection of structures and additionally define a series of sub-parallel structures that include wide mineralized zones with higher-grade core structures."

This news release reports results for 26 Reverse Circulation ("RC") holes (3,928 m) (KBRC245 to KBRC270) and 8 Diamond Drill ("DD") holes (2,530 m) (KBDD061A to KBDD067) targeting the Boin Gold Deposit at Enchi, with 32 of the 34 holes intersecting gold mineralization.

Select assay results from the 34 holes of the drill program reported in this release are below:

Table 1 - Enchi Gold Project Drill Highlights

Hole ID Zone/Deposit From (m) To (m) Length (m) Au (g/t)
KBRC250 Boin (North) 109.0 111.0 2.0 95.16
and 111.0 116.0 5.0 0.93
and 120.0 121.0 1.0 13.22
KBDD065 Boin (North) 296.0 297.8 1.8 6.14
KBDD064 Boin (Central) 121.0 195.0 74.0 1.28
including 122.0 128.4 6.4 2.65
and incl. 136.0 137.4 1.4 9.93
and incl. 149.3 155.4 6.1 2.24
and incl. 170.6 177.0 6.4 4.04
and incl. 189.0 193.0 4.0 2.41
KBDD066 Boin (Central) 222.0 247.0 25.0 1.08
including 222.0 224.0 2.0 4.31
and incl. 232.9 237.5 4.6 2.06
and 257.4 279.0 21.6 0.63
including 259.0 260.8 1.8 2.04
and incl. 267.0 270.0 3.0 1.84

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Hole ID Zone/Deposit From (m) To (m) Length (m) Au (g/t)
KBRC264 Boin (South) 33.0 42.0 9.0 0.50
and 72.0 102.0 30.0 0.39
and 177.0 230.0 53.0 0.51
including 187.0 196.0 9.0 1.17
KBRC268 Boin (South) 60.0 85.0 25.0 0.79
and 108.0 121.0 13.0 0.54
KBRC257 Boin (South) 52.0 81.0 29.0 0.50
KBRC265 Boin (South) 69.0 78.0 9.0 1.55
including 70.0 72.0 2.0 4.75
KBRC267 Boin (South) 95.0 102.0 7.0 1.78
KBRC260 Boin (South) 49.0 62.0 13.0 0.78
KBRC266 Boin (South) 14.0 22.0 8.0 1.12

Notes:

  1. See detailed table for complete results

  2. Intervals reported are core lengths with true width estimated to be 75 - 85%

  3. Length-weighted averages from uncut assays

Plan maps showing the drill hole locations can be viewed at: https://newcoregold.com/site/assets/files/5717/2021_07-ncau-nr-enchi-plan-map-boin-l.pdf

Cross sections showing drill results and highlights for holes KBRC250 and KBDD064 can be viewed at: https://newcoregold.com/site/assets/files/5717/2021_07_21-ncau-crosssections-boin-l.pdf

A complete list of the 2020 - 2021 drill results to date, including hole details, can be viewed at: https://newcoregold.com/site/assets/files/5717/2021_07-ncau-enchi-2020-2021-drill-results-l.pdf

An interactive 3D-model of the Enchi Gold Project is also available on the Company’s website.

Drilling on the northern portion of the Boin Gold Deposit included eight RC holes totalling 1,299 metres (KBRC245 to KBRC252) and one diamond drill hole of 330 metres (KBDD065), directed at further defining and extending the gold mineralization. The highest-grade interval encountered to date on the Enchi Gold Project was drilled in this area of Boin, with RC hole KBRC250 intersecting 95.16 g/t Au over 2.0 m from 109 m, with a second structure of 13.22 g/t Au over 1.0 m from 120 m (sulphide zone). The interval also encountered additional gold mineralization, intersecting 0.93 g/t Au over 5.0 metres from 111 m. True widths are unknown but are estimated to be 75 - 85% of the drill length. The high-grade zones consist of altered phyllite with quartz veins and disseminated sulphides and are interpreted to be associated with the intersection of cross structures and the main Boin mineralized trend.

Drilling on the central portion of Boin included five diamond drill holes totalling 2,629 metres (KBDD063A, KBRD063, KBDD064, KBDD066, KBDD067) and one RC hole KBRC253 of 114 metres. The holes were completed along a one-kilometre portion of the structure, directed at extending the gold mineralization up and down dip. Four of the five holes intersected mineralization characterized by wide gold mineralized zones with a series of higher-grade core

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structures. Hole KBDD064 intersected 1.28 g/t Au over 74.0 m from 121 m (sulphide zone), including a series of higher-grade structures: 2.65 g/t Au over 6.4 m from 122 m, 9.93 g/t Au over 1.4 m from 136 m, 2.24 g/t Au over 6.1 m from 149.3 m, 4.04 g/t Au over 6.4 m from 170.6 m, and 2.41 g/t Au over 4.0 m from 189 m. Hole KBDD066, collared 800 metres to the south of KBDD064, intersected 1.08 g/t Au over 25.0 m from 222 m (sulphide zone), including 4.31 g/t Au over 2.0 m from 222 m and 2.06 g/t Au over 4.6 m from 232.9 m. This hole encountered a second interval of mineralization, intersecting 0.63 g/t Au over 21.6 m from 257.4 m (sulphide zone), including 2.04 g/t Au over 1.8 m from 259 m and 1.84 g/t Au over 3.0 m from 267 m. KBRD063, 200 metres north of KBDD066, returned 2.72 g/t Au over 2.1 m from 252.3 m (sulphide zone). Drill hole KBRC253 tested an up-dip portion of the structure and returned two mineralized intercepts in the oxide zone of 0.33 g/t Au over 2.0 m from 17 m and 0.99 g/t Au over 7.0 m from 24 m.

Drilling on the southern portion of Boin included 17 RC holes totalling 2,515 metres (KBRC254 to KBRC270) and two diamond drill holes totalling 682 metres (KBDD061A, KBDD062), directed at further defining and extending the gold mineralization approximately 200 to 800 metres south of the existing mineral resource. Drilling continues to intersect multiple wide zones of gold mineralization. Hole KBRC264 intersected three gold mineralized zones: 0.51 g/t Au over 53.0 m from 177 m (sulphide zone) including 1.17 g/t Au over 9.0 m from 187 m, 0.39 g/t Au over 30.0 m from 72 m (mixed oxide and upper sulphide zone), and 0.50 g/t Au over 9.0 m from 33 m (oxide zone). Hole KBRC268 intersected two principal gold mineralized zones with results including 0.79 g/t Au over 25.0 m from 60 m (upper sulphide zone) and 0.54 g/t Au over 13.0 m from 108 m (sulphide zone). Hole KBRC257 intersected 0.50 g/t Au over 29.0 m from 52 m (sulphide zone) and a second zone of 0.45 g/t Au over 13.0 m from 188 m. KBRC265 intersected a series of near surface mineralized zones within the oxide horizon, including 0.88 g/t Au over 1.0 m from 23 m, 0.36 g/t Au over 4.0 m from 44 m, and 1.55 g/t Au over 9.0 m from 69 m including 4.75 g/t Au over 2.0 m from 70 m.

A total of 58,861 metres in 332 holes have been completed as part of the ongoing 2020 - 2021 drill program at Enchi. For the total planned 66,000 metre drill program, assay results have now been received and released for 280 holes representing 45,085 metres.

Enchi Gold Project Mineral Resource Estimate

The Enchi Gold Project hosts a pit constrained Inferred Mineral Resource of 70.4 million tonnes grading 0.62 g/t Au containing 1.41 million ounces gold (see Newcore news release dated June 8, 2021). Mineral resource estimation practices are in accordance with CIM Estimation of Mineral Resource and Mineral Reserve Best Practice Guidelines (November 29, 2019), and follow CIM Definition Standards for Mineral Resources and Mineral Reserves (May 10, 2014), that are incorporated by reference into National Instrument 43-101 ("NI 43-101"). The Mineral Resource Estimate was prepared by independent qualified person Todd McCracken, P. Geo. of BBA E&C Inc. The technical report, titled "Preliminary Economic Assessment for the Enchi Gold Project, Enchi, Ghana" has an effective date of June 8, 2021 and is available under the Company’s profile on SEDAR at www.sedar.com.

2020 - 2021 Enchi Drilling Program

A 66,000 metre discovery and resource expansion drilling program is underway at Enchi. The program includes both RC and diamond drilling and will include the first deep drilling planned

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on the Project. This drill program includes testing extensions of the existing resource areas while also testing a number of high priority exploration targets outside of the Inferred Mineral Resource. Drilling is focused on step out extensions and exploration drilling at the Sewum, Boin, Nyam and Kwakyekrom Deposits. Additional drilling is planned at previously drilled zones that are outside of the resource area (Kojina Hill and Eradi), along with first pass drilling to test a series of kilometre-scale gold-in-soil anomalous zones with no prior drilling (Nkwanta, Sewum South and other anomalies). All zones represent high priority targets based on geological, geochemical and geophysical surface work and previous trenching and drilling.

Boin Gold Zone

The Boin Gold Deposit is one of the primary deposits which comprises the pit constrained Inferred Mineral Resource Estimate at Enchi. Boin is located 10 kilometres south of the town of Enchi, with nearby roads and power and further access provided by a series of drill roads. Boin is outlined on surface by a greater than six-kilometre-long by up to one-kilometre-wide gold in soil anomaly. An airborne geophysical anomaly coincident with the Boin structure extends for a further two kilometres north and four kilometres south beyond the limits of current drilling. To date, approximately 50% of the gold-in-soil anomaly is untested by drilling. As part of the current drill program a total of 157 holes totalling 25,648 metres have been completed at Boin.

Drill Hole Locations

Table 2 - Enchi Gold Project Drill Hole Location Details

Hole ID UTM East UTM North
Elevation
Azimuth ° Dip ° Length (m)
KBRC245 520161 635179 94 114 -55 132
KBRC246 520216 635206 116 114 -50 108
KBRC247 520187 635223 123 114 -65 186
KBRC248 520285 635280 115 114 -55 156
KBRC249 520309 635327 113 114 -55 132
KBRC250 520273 635345 119 114 -55 138
KBRC251 520302 635603 130 114 -60 240
KBRC252 520512 635737 144 114 -60 207
KBRC253 519153 633798 114 114 -60 114
KBRC254 517736 632173 112 114 -50 102
KBRC255 517700 632187 113 114 -50 152
KBRC256 517597 631947 124 114 -55 150
KBRC257 517565 631962 114 114 -55 201
KBRC258 517585 632005 112 114 -50 150
KBRC259 517742 632065 113 114 -50 124
KBRC260 517663 631979 110 114 -55 90
KBRC261 517742 632065 113 114 -50 156
KBRC262 517617 632116 104 114 -50 198
KBRC263 517653 631932 113 114 -55 108

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Hole ID UTM East UTM North
Elevation
Azimuth ° Dip ° Length (m)
KBRC264 517530 631895 119 114 -50 236
KBRC265 517569 631819 132 114 -50 108
KBRC266 517530 631833 131 114 -50 156
KBRC267 517490 631848 125 114 -55 186
KBRC268 517365 631470 110 114 -50 126
KBRC269 517338 631490 109 114 -50 152
KBRC270 517413 631559 108 114 -50 120
KBDD061A 518372 633108 122 114 -65 360.9
KBDD062 518423 633182 127 114 -62 320.8
KBDD063A 518891 633759 155 114 -60 249.8
KBRD063 518891 633759 155 114 -60 315.4
KBDD064 519239 634235 130 114 -60 351.7
KBDD065 520215 635573 109 114 -57 330.3
KBDD066 518777 633586 146 114 -57 300.6
KBDD067 519130 634081 142 114 -57 300.4

COVID-19 Protocols

Newcore’s first priority is the health and safety of all employees, contractors, and local communities. The Company is following all Ghana guidelines and requirements related to COVID-19. The Company has implemented COVID-19 protocols for its ongoing drill program consisting of the mandatory use of personal protective equipment (including facemasks for all employees), maintaining social distancing, frequent hand washing, and daily temperature checks at the start of each shift.

Newcore Gold Best Practice

Newcore is committed to best practice standards for all exploration, sampling and drilling activities. Drilling was completed by an independent drilling firm using industry standard RC and Diamond Drill equipment. Analytical quality assurance and quality control procedures include the systematic insertion of blanks, standards and duplicates into the sample strings. Samples are placed in sealed bags and shipped directly to Intertek Labs located in Tarkwa, Ghana for 50 gram gold fire assay.

Qualified Person

Mr. Gregory Smith, P. Geo, Vice President of Exploration of Newcore, is a Qualified Person as defined by NI 43-101, and has reviewed and approved the technical data and information contained in this news release. Mr. Smith has verified the technical and scientific data disclosed herein and has conducted appropriate verification on the underlying data including confirmation of the drillhole data files against the original drillhole logs and assay certificates.

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About Newcore Gold Ltd.

Newcore Gold is advancing its Enchi Gold Project located in Ghana, Africa’s largest gold producer[ (1)] . The Project currently hosts an Inferred Mineral Resource of 1.41 million ounces of gold at 0.62 g/t[ (2)] . Newcore Gold offers investors a unique combination of top-tier leadership, who are aligned with shareholders through their 32% equity ownership, and prime district scale exploration opportunities. Enchi’s 216 km[2] land package covers 40 kilometres of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several 5 million-ounce gold deposits, including Kinross’ Chirano mine 50 kilometers to the north. Newcore’s vision is to build a responsive, creative and powerful gold enterprise that maximizes returns for shareholders.

On Behalf of the Board of Directors of Newcore Gold Ltd.

Luke Alexander

President, CEO & Director

For further information, please contact:

Mal Karwowska | Vice President, Corporate Development and Investor Relations +1 604 484 4399

[email protected]

www.newcoregold.com

  • (1) Source: Production volumes for 2020 as sourced from the World Gold Council

  • (2) Notes for Inferred Mineral Resource Estimate:

  • CIM definition standards were followed for the resource estimate.

  • The 2021 resource models used ordinary kriging (OK) grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids and constrained by pits shell for Sewum, Boin and Nyam. Kwakyekrom used Inverse Distance squared (ID2).

  • A base cut-off grade of 0.2 g/t Au was used with a capping of gold grades varied by deposit and zone.

  • A US$1,650/ounce gold price, open pit with heap leach operation was used to determine the cut-off grade of 0.2 g/t Au. Mining costs of US$1.40 for oxides, US$2.10 for transition, and US$2.60 for fresh rock per mined tonne and G&A and milling costs of US$6.83/milled tonne. The Inferred Mineral Resource Estimate is pit constrained.

  • Metallurgical recoveries have been applied to four individual deposits and in each case three material types (oxide, transition, and fresh rock) with average recoveries of 77% for Sewum, 79% for Boin, 60% for Nyam and 72% for Kwakyekrom.

  • A density of 2.20 g/cm[3] for oxide, 2.45 g/cm[3] for transition, and 2.70 g/cm[3] for fresh rock was applied.

  • Optimization pit slope angles varied based on the rock types.

  • Mineral Resources that are not mineral reserves do not have economic viability. Numbers may not add due to rounding.

  • These numbers are from the technical report titled "Preliminary Economic Assessment for the Enchi Gold Project, Enchi, Ghana", with an effective date of June 8, 2021, prepared for Newcore Gold by BBA E&C Inc. in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects and is available under Newcore’s SEDAR profile at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes statements that contain "forward-looking information" within the meaning of the applicable Canadian securities legislation ("forward-looking statements"). All statements, other than

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statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: statements about the estimation of mineral resources; results of our ongoing drill campaign, magnitude or quality of mineral deposits; anticipated advancement of mineral properties or programs; and future exploration prospects.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. The assumptions underlying the forward-looking statements are based on information currently available to Newcore. Although the forward-looking statements contained in this news release are based upon what management of Newcore believes, or believed at the time, to be reasonable assumptions, Newcore cannot assure its shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Forwardlooking information also involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others: risks related to the speculative nature of the Company’s business; the Company’s formative stage of development; the Company’s financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold and other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, unusual or unexpected geological formations); the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.

Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

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NORTH
SECTOR
KBRC252
KBRC251
KBDD065
KBRC250
KBRC249
KBRC248
KBRC246
KBRC247
KBRC245
CENTRAL KBDD064
SECTOR KBDD067
KBRD063 KBRC253
KBDD063A
KBDD066
KBDD062
KBDD061A
Legend
Drill Hole
Assays Announced
July 21, 2021
KBRC254 Drill Hole
KBRC257KBRC258KBRC262 KBRC259KBRC255KBRC261 Assays Previously Announcedin 2020 - 2021
KBRC256 KBRC260
KBRC264 KBRC263
KBRC267
KBRC265
KBRC266 Previous Drill Holes
KBRC270
KBRC269
KBRC268 2 km
SOUTH
SECTOR
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2020-2021 Drill Program | Enchi Gold Project Boin, Ghana (As of July 21, 2021)

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KBRC200
KBRC201
KBRC199
KBRC197
KBRC198
KBRC196
6800
KBRC195
KBRC194 KBRC193
6700
KBRC192
6600N
KBRC252 KBRC183
KBRC182 KBRC191
KBRC243
6500
KBRC181
KBRC180
KBRC179
KBRC251 KBRC146
6400
KBDD065 KBRC190KBRC176 KBRC147
KBRC242
KBRC177 KBRC148
KBRC178 6300
KBRC150 KBRC149
Pit Shell
KBRC241
KBRC240
KBRC189 6200 Outline
KBRC184 KBRC145
KBRC175
KBRC239
KBRC250 6100
KBRC238 KBRC249
KBRC237
KBRC173 KBRC248 Legend
KBRC172 6000
KBRC188
KBRC247
KBRC236 KBRC246 Drill Hole
KBRC170 5900 Assays Announced
KBRC171 KBRC233 KBRC245 July 21, 2021
KBRC235
KBRC174 KBRC232
KBRC169 5800 Drill Hole
KBRC187 KBRC234 Prior 2020 -2021 Assays Not in
KBRC166 5700 Mineral Resource Estimate
KBRC165
KBRC168 Drill Hole
5600
KBRC167 2020 Assay Included in
Mineral Resource Estimate
5500
Previous Drill Holes
5400 400 m
5300
5200 2020-2021 Drill Program | Enchi Gold Project
Boin - North, Ghana (As of July 21, 2021)
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4800
KBRC152
KBRC151
4600
Pit Shell
KBDD064
Outline KBRC153
KBRC144
KBRC143
KBDD067
KBRC154 4400
4300
KBRC253
4200
KBRD063
KBDD063A
KBRC140
KBRC141 4100
4000
KBDD066 KBRC155
KBRC155A
3900
Legend
Drill Hole
Assays Announced
July 21, 2021
KBRC142 KBRC139 3600 Drill Hole
KBRC142B 3500 Prior 2020 -2021 Assays Not in
KBDD062 Mineral Resource Estimate
KBRC156A
Drill Hole
KBDD061A 3400
2020 Assay Included in
KBRC159 Mineral Resource Estimate
KBRC157B
3300
Previous Drill Holes
KBRC158
KBRC138
KBRC138A 3200 400 m
KBRC161
3100
KBRC162
KBRC160KBRC244 3000 2020-2021 Drill Program | Enchi Gold Project
Boin - Central, Ghana (As of July 21, 2021)
2900N
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2200
KBRC209
KBRC208
KBRC207
2100
KBRC255
KBRC254
2000
KBRC262 KBRC227
KBRC226
KBRC261
1900
KBRC258
KBRC259
KBRC260
KBRC257
KBRC256
KBRC263
1800
KBRC264 KBRC224
KBRC225
1700
KBRC267
KBRC266
1600 KBRC265
Legend
KBRC223
1500 Drill Hole
Assays Announced
July 21, 2021
KBRC222
Drill Hole
Prior 2020 -2021 Assays Not in
Mineral Resource Estimate
KBRC270 Drill Hole
2020 Assay Included in
Mineral Resource Estimate
KBRC269 Previous Drill Holes
KBRC268
240 m
2020-2021 Drill Program | Enchi Gold Project
Boin - South, Ghana (As of July 21, 2021)
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KBRC250
KBRC249
surface
0.32 g/t Au over 2 m
100m
0.31 g/t Au over 1 m
0.28 g/t Au over 5 m
Oxide Zone
0.30 g/t Au over 2 m 50m
High-Grade Structure
95.16 g/t Au over 2 m
0.93 g/t Au over 5 m
0.21 g/t Au over 6 m
13.22 g/t Au over 1 m
138
0 m 25 m 50 m
132
0m
LEGEND
Mineralized Zone
Drillhole trace 2020-2021 Drill Program | Enchi Gold Project
Boin - Cross Sec�on (A - A’)
2021 Resource Pit Shell
KBRC250
(US$1,650/oz Au)
Viewing Northeast, July 2021
----- End of picture text -----

==> picture [792 x 599] intentionally omitted <==

----- Start of picture text -----

KBDD064
KBRC047
KBDD048 KBRC137 KBRC143
KBDD053 KBRC153
surface
0.56 g/t Au over 14 m
0.68 g/t Au over 4 m
0.36 g/t Au over 2 m 100 Elev
0.42 g/t Au over 5 m
0.60 g/t Au over 7 m
1.21 g/t Au over 18 m
1.24 g/t Au over 2 m
Oxide Zone
1.19 g/t Au over 1.7 m
1.28 g/t Au over 74 m 99 1.08 g/t Au over 27 m
1.40 g/t Au over 4 m
including 2.65 g/t Au over 6.4 m 108
including 9.93 g/t Au over 1.4 m
132 1.15 g/t Au over 39 m
including 2.24 g/t Au over 6.1 m 0 Elev
0.82 g/t Au over 4 m
including 4.04 g/t Au over 6.4 m
0.33 g/t Au over 3 m
including 2.41 g/t Au over 4.0 m
0.39 g/t Au over 3 m
0.39 g/t Au over 2 m
221 -100 Elev
258
252
0 50 m 100 m
LEGEND
Mineralized Zone
Drillhole trace 2020-2021 Drill Program | Enchi Gold Project
OPEN TO DEPTH
351.7 Boin - Cross Sec�on (B - B’)
2021 Resource Pit Shell
KBDD064
(US$1,650/oz Au)
Viewing Northeast, July 2021
----- End of picture text -----

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [172 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Drill Results Released July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
Hole
Length (m)
UTM
North
Elevation
Azimuth °
Dip °
KBRC245
Boin
126.0
132.0
6.0
0.56
520161
635179
94
114
-55
132
KBRC246
Boin
2.0
12.0
10.0
0.74
520216
635206
116
114
-50
108
KBRC247
Boin
9.0
16.0
7.0
0.45
and
70.0
74.0
4.0
0.50
and
102.0
105.0
3.0
0.56
520187
635223
123
114
-65
186
KBRC248
Boin
1.0
6.0
5.0
0.45
and
29.0
31.0
2.0
0.25
520285
635280
115
114
-55
156
KBRC249
Boin
1.0
3.0
2.0
0.32
and
14.0
15.0
1.0
0.31
520309
635327
113
114
-55
132
KBRC250
Boin
54.0
59.0
5.0
0.28
and
79.0
81.0
2.0
0.30
and
109.0
111.0
2.0
95.16
and
111.0
116.0
5.0
0.93
and
120.0
121.0
1.0
13.22
and
121.0
127.0
6.0
0.21
520273
635345
119
114
-55
138
KBRC251
Boin
182.0
187.0
5.0
0.20
520302
635603
130
114
-60
240
KBRC252
Boin
134.0
135.0
1.0
1.86
520512
635737
144
114
-60
207
KBRC253
Boin
17.0
19.0
2.0
0.33
and
24.0
31.0
7.0
0.99
519153
633798
114
114
-60
114
KBRC254
Boin
57.0
59.0
2.0
0.30
517736
632173
112
114
-50
102
KBRC255
Boin
143.0
145.0
2.0
0.39
517700
632187
113
114
-50
152
KBRC256
Boin
39.0
47.0
8.0
0.68
and
51.0
53.0
2.0
0.27
and
63.0
76.0
13.0
0.48
and
118.0
119.0
1.0
0.36
and
126.0
139.0
13.0
0.21
517597
631947
124
114
-55
150

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Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [172 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Au (g/t)
Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
KBRC257
Boin
42.0
44.0
2.0
0.43
and
52.0
81.0
29.0
0.50
and
188.0
201.0
13.0
0.45
517565
631962
114
114
-55
201
KBRC258
Boin
49.0
52.0
3.0
0.86
and
62.0
65.0
3.0
0.50
and
85.0
91.0
6.0
0.78
and
107.0
114.0
7.0
0.27
and
139.0
143.0
4.0
0.39
517585
632005
112
114
-50
150
KBRC259
Boin
56.0
62.0
6.0
0.46
517742
632065
113
114
-50
124
KBRC260
Boin
39.0
41.0
2.0
0.35
and
49.0
62.0
13.0
0.78
517663
631979
110
114
-55
90
KBRC261
Boin
101.0
103.0
2.0
0.31
517742
632065
113
114
-50
156
KBRC262
Boin
no significant results
517617
632116
104
114
-50
198
KBRC263
Boin
22.0
25.0
3.0
0.31
and
45.0
46.0
1.0
0.51
517653
631932
113
114
-55
108
KBRC264
Boin
33.0
42.0
9.0
0.50
and
63.0
64.0
1.0
0.53
and
72.0
102.0
30.0
0.39
and
142.0
144.0
2.0
0.32
and
160.0
169.0
9.0
0.32
and
177.0
230.0
53.0
0.51
including
187.0
196.0
9.0
1.17
and
234.0
236.0
2.0
0.43
517530
631895
119
114
-50
236
KBRC265
Boin
3.0
5.0
2.0
0.32
and
23.0
24.0
1.0
0.88
and
44.0
48.0
4.0
0.36
and
69.0
78.0
9.0
1.55
including
70.0
72.0
2.0
4.75
517569
631819
132
114
-50
108

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Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [172 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
Dip °
Hole
Length (m)
UTM
North
Elevation
Azimuth °
KBRC266
Boin
14.0
22.0
8.0
1.12
and
92.0
94.0
2.0
0.56
517530
631833
131
114
-50
156
KBRC267
Boin
45.0
49.0
4.0
0.30
and
95.0
102.0
7.0
1.78
517490
631848
125
114
-55
186
KBRC268
Boin
45.0
46.0
1.0
0.84
and
60.0
85.0
25.0
0.79
and
94.0
96.0
2.0
0.29
and
108.0
121.0
13.0
0.54
517365
631470
110
114
-50
126
KBRC269
Boin
128.0
130.0
2.0
0.50
517338
631490
109
114
-50
152
KBRC270
Boin
48.0
53.0
5.0
0.50
and
78.0
80.0
2.0
0.41
and
92.0
112.0
20.0
0.44
517413
631559
108
114
-50
120
KBDD061A
Boin
236.0
236.7
0.7
1.38
518372
633108
122
114
-65
360.9
KBDD062
Boin
303.0
304.1
1.1
0.24
518423
633182
127
114
-62
320.8
KBDD063A
Boin
207.5
210.0
2.5
0.30
and
218.5
225.8
7.3
0.45
and
243.0
244.2
1.2
1.09
and
248.0
249.8
1.8
0.63
518891
633759
155
114
-60
249.8
KBRD063
Boin
198.4
201.3
2.9
0.69
and
208.9
221.9
13.0
0.13
and
252.3
254.4
2.1
2.72
and
297.8
301.0
3.2
0.72
518891
633759
155
114
-60
315.4

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Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [172 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
Hole
Length (m)
UTM
North
Elevation
Azimuth °
Dip °
KBDD064
Boin
107.3
109.0
1.7
1.19
and
121.0
195.0
74.0
1.28
including
122.0
128.4
6.4
2.65
and incl.
136.0
137.4
1.4
9.93
and incl.
149.3
155.4
6.1
2.24
and incl.
170.6
177.0
6.4
4.04
and incl.
189.0
193.0
4.0
2.41
519239
634235
130
114
-60
351.7
KBDD065
Boin
276.3
277.0
0.7
1.32
and
296.0
297.8
1.8
6.14
and
310.0
313.0
3.0
0.56
520215
635573
109
114
-57
330.3
KBDD066
Boin
222.0
247.0
25.0
1.08
including
222.0
224.0
2.0
4.31
and incl.
232.9
237.5
4.6
2.06
and
257.4
279.0
21.6
0.63
including
259.0
260.8
1.8
2.04
and incl.
267.0
270.0
3.0
1.84
518777
633586
146
114
-57
300.6
KBDD067
Boin
no significant results
519130
634081
142
114
-57
300.4
  1. Intervals reported are core lengths with true width estimated to be 75 - 85%.

  2. Length-weighted averages from uncut assays.

  3. All drilling completed by independent contractor.

  4. All drilling samples sealed on site and delivered directly to independent lab Intertek Mineral Limited located in Tarkwa, Ghana for preparation and 50g Fire Assay with AAS finish.

  5. QA/QC procedures include industry standard inclusion of standards, blanks, and duplicates in all sample batches.

[SEE NEXT PAGE FOR PREVIOUSLY RELEASED RESULTS]

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Previously Released Drill Results

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
Dip °
Hole
Length (m)
UTM
North
Elevation
Azimuth °
KBRC138
Boin
92.0
96.0
4.0
1.05
518408
632972
147
114
-60
97
KBRC138A
Boin
133.0
135.0
2.0
0.57
and
146.0
148.0
2.0
0.65
518405
632976
147
114
-60
216
KBRC139
Boin
1.0
17.0
16.0
0.69
518700
633234
130
120
-60
80
KBRC140
Boin
4.0
7.0
3.0
0.31
and
13.0
14.0
1.0
0.44
519121
633708
155
120
-60
80
KBRC141
Boin
10.0
21.0
11.0
0.34
and
48.0
95.0
47.0
1.67
including
49.0
58.0
9.0
2.96
and incl.
75.0
85.0
10.0
3.63
519018
633704
156
114
-50
120
KBRC142
Boin
1.0
4.0
3.0
0.27
and
131.0
150.0
19.0
0.43
including
131.0
142.0
11.0
0.60
518558
633239
129
114
-50
156
KBRC142B
Boin
121.0
130.0
9.0
0.30
518573
633233
137
114
-50
238
KBRC143
Boin
3.0
17.0
14.0
0.56
519395
634172
120
114
-60
108
KBRC144
Boin
146.0
148.0
2.0
0.51
519378
634178
120
120
-60
150
KBRC145
Boin
48.0
55.0
7.0
0.54
520325
635410
117
120
-60
150
KBRC146
Boin
7.0
10.0
3.0
0.24
and
30.0
62.0
32.0
0.92
including
42.0
54.0
12.0
1.78
and incl.
59.0
61.0
2.0
0.52
520456
635619
124
114
-50
100
KBRC147
Boin
50.0
59.0
9.0
0.52
520424
635582
124
114
-50
102
KBRC148
Boin
56.0
58.0
2.0
0.69
and
75.0
77.0
2.0
0.30
520391
635546
122
114
-50
108

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

From (m)
To (m)
Length (m)
Au (g/t)
Hole ID
Zone/Deposit
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
KBRC149
Boin
38.0
41.0
3.0
0.36
520378
635496
120
114
-50
100
KBRC150
Boin
59.0
94.0
35.0
0.57
including
65.0
91.0
26.0
0.70
and
130.0
135.0
5.0
0.59
and
141.0
148.0
7.0
0.42
520335
635517
125
114
-65
148
KBRC150A
Boin
72.0
74.0
2.0
0.59
and
87.0
108.0
21.0
1.19
and
136.0
139.0
3.0
1.01
and
145.0
162.0
17.0
0.44
520338
635514
122
114
-65
174
KBRC151
Boin
9.0
20.0
11.0
2.30
and
62.0
65.0
3.0
0.63
and
136.0
144.0
8.0
0.55
519349
634402
131
120
-60
156
KBRC152
Boin
73.0
74.0
1.0
1.20
and
209.0
213.0
4.0
1.56
and
234.0
235.0
1.0
2.55
519292
634429
117
120
-60
258
KBRC153
Boin
7.0
11.0
4.0
0.68
and
28.0
33.0
5.0
0.42
and
42.0
60.0
18.0
1.21
and
67.0
71.0
4.0
1.40
and
110.0
114.0
4.0
0.82
and
155.0
158.0
3.0
0.33
and
191.0
194.0
3.0
0.39
519317
634201
122
120
-60
258
KBRC154
Boin
88.0
95.0
7.0
0.61
and
149.0
152.0
3.0
0.27
519086
633928
157
120
-60
178
KBRC155
Boin
85.0
89.0
4.0
0.22
and
103.0
105.0
2.0
0.89
and
118.0
134.0
16.0
0.57
518896
633582
155
120
-60
138

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Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

To (m)
Length (m)
Au (g/t)
Hole ID
Zone/Deposit
From (m)
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
KBRC155A
Boin
95.0
97.0
2.0
0.68
and
110.0
113.0
3.0
0.64
and
127.0
135.0
8.0
0.37
518900
633578
163
120
-60
204
KBRC156A
Boin
156.0
174.0
18.0
0.69
and
187.0
191.0
4.0
1.20
518480
633164
130
114
-55
270
KBRC157B
Boin
150.0
162.0
12.0
0.70
518457
633065
128
114
-65
180
KBRC158
Boin
77.0
91.0
14.0
1.41
518379
632992
126
114
-60
260
KBRC159
Boin
178.0
240.0
62.0
0.73
including
187.0
206.0
19.0
1.76
and incl.
199.0
206.0
7.0
3.18
518423
633075
127
114
-65
240
KBRC160
Boin
no significant results
518358
632778
124
114
-60
120
KBRC161
Boin
124.0
126.0
2.0
0.37
and
144.0
151.0
7.0
0.36
and
163.0
166.0
3.0
0.31
518330
632898
128
114
-55
200
KBRC162
Boin
65.0
69.0
4.0
0.53
and
88.0
91.0
3.0
0.68
and
101.0
107.0
6.0
1.67
518321
632793
120
114
-60
156
KBRC163
Boin
11.0
14.0
3.0
0.34
and
27.0
54.0
27.0
1.27
519678
634811
141
114
-60
102
KBRC164
Boin
19.0
25.0
6.0
1.23
and
102.0
114.0
12.0
0.69
and
128.0
132.0
4.0
0.47
519649
634822
164
114
-60
144
KBRC165
Boin
78.0
80.0
2.0
0.41
519895
635045
120
114
-60
102
KBRC166
Boin
no significant results
519886
635049
126
114
-60
140
KBRC167
Boin
no significant results
519836
634974
123
114
-60
120
KBRC168
Boin
1.0
6.0
5.0
0.56
519816
634986
121
114
-60
140

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Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
KBRC169
Boin
55.0
69.0
14.0
1.41
including
62.0
68.0
6.0
2.86
and
84.0
86.0
2.0
0.53
and
90.0
92.0
2.0
0.53
and
125.0
131.0
6.0
0.31
519973
635110
128
114
-60
138
KBRC170
Boin
45.0
49.0
4.0
0.31
and
70.0
72.0
2.0
0.49
520050
635185
141
114
-60
156
KBRC171
Boin
77.0
78.0
1.0
1.07
and
119.0
129.0
10.0
0.44
520030
635195
129
114
-60
150
KBRC172
Boin
2.0
5.0
3.0
0.27
and
78.0
84.0
6.0
0.57
and
128.0
138.0
10.0
0.92
520131
635252
125
114
-60
150
KBRC173
Boin
20.0
22.0
2.0
0.28
and
85.0
87.0
2.0
0.76
and
154.0
158.0
4.0
0.32
and
166.0
179.0
13.0
0.30
520105
635265
126
114
-60
186
KBRC174
Boin
91.0
93.0
2.0
0.41
and
153.0
154.0
1.0
0.76
519957
635121
130
114
-60
162
KBRC175
Boin
67.0
89.0
22.0
0.65
520291
635396
119
114
-60
150
KBRC176
Boin
70.0
77.0
7.0
0.39
and
95.0
105.0
10.0
0.64
and
130.0
140.0
10.0
0.44
520369
635575
130
114
-60
182
KBRC177
Boin
81.0
84.0
2.0
0.47
and
108.0
109.0
1.0
0.46
and
116.0
120.0
4.0
0.81
and
204.0
206.0
2.0
1.39
520320
635523
123
114
-65
228
KBRC178
Boin
134.0
140.0
6.0
0.57
147.0
149.0
2.0
0.90
520297
635532
117
114
-65
220

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Zone/Deposit
Hole ID
Au (g/t)
Length (m)
To (m)
From (m)
UTM
East
Hole
Length (m)
Dip °
Azimuth °
Elevation
UTM
North
KBRC179
Boin
92.0
97.0
5.0
0.56
520436
635631
133
114
-50
150
KBRC180
Boin
108.0
110.0
2.0
0.33
and
126.0
129.0
3.0
0.47
520415
635637
134
114
-55
170
KBRC181
Boin
127.0
138.0
11.0
0.45
and
142.0
145.0
3.0
0.29
and
155.0
162.0
7.0
1.05
520393
635648
138
114
-60
216
KBRC182
Boin
64.0
68.0
4.0
0.35
and
78.0
82.0
4.0
0.68
and
87.0
91.0
4.0
0.70
520570
635717
137
114
-60
108
KBRC183
Boin
93.0
96.0
3.0
0.49
and
105.0
121.0
16.0
0.30
520544
635724
131
114
-60
144
KBRC184
Boin
86.0
88.0
2.0
0.44
and
102.0
111.0
9.0
0.82
and
125.0
128.0
3.0
0.45
and
145.0
166.0
21.0
0.94
520234
635422
114
114
-60
216
KBRC185
Boin
114.0
116.0
2.0
1.42
and
137.0
204.0
67.0
0.85
including
137.0
146.0
9.0
2.95
530284
634768
135
114
-50
204
KBRC186
Boin
102.0
103.0
1.0
0.30
and
138.0
142.0
4.0
0.54
and
166.0
169.0
3.0
0.32
530262
634841
146
114
-60
200
KBRC187
Boin
0.0
1.0
1.0
0.56
and
7.0
9.0
2.0
0.30
and
22.0
24.0
2.0
1.19
and
102.0
106.0
4.0
0.40
530200
635099
137
114
-60
132
KBRC188
Boin
6.0
30.0
24.0
0.85
and
46.0
51.0
5.0
0.50
530122
635241
129
114
-60
150

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
KBRC189
Boin
86.0
88.0
2.0
0.37
and
92.0
94.0
2.0
0.51
and
101.0
103.0
2.0
0.57
and
121.0
123.0
2.0
0.41
and
126.0
127.0
1.0
0.78
and
140.0
142.0
2.0
0.37
and
148.0
150.0
2.0
0.48
530142
635433
111
114
-60
200
KBRC190
Boin
103.0
111.0
8.0
0.61
and
119.0
155.0
36.0
1.14
including
124.0
142.0
18.0
1.72
530180
635591
128
114
-60
200
KBRC191
Boin
1.0
3.0
2.0
0.48
530297
635707
129
114
-60
100
KBRC192
Boin
116.0
118.0
2.0
0.36
and
124.0
125.0
1.0
0.30
530507
635817
145
114
-60
150
KBRC193
Boin
no significant results
530909
635870
125
114
-50
100
KBRC194
Boin
4.0
6.0
2.0
0.31
and
12.0
13.0
1.0
0.50
and
17.0
19.0
2.0
0.46
and
25.0
26.0
1.0
0.36
and
102.0
103.0
1.0
0.86
530760
635882
119
114
-60
160
KBRC195
Boin
111.0
113.0
2.0
0.31
and
145.0
146.0
1.0
0.37
and
163.0
164.0
1.0
0.58
530910
635894
124
114
-70
208
KBRC196
Boin
no significant results
531135
635948
114
114
-50
100
KBRC197
Bon
21.0
23.0
2.0
0.54
and
28.0
29.0
1.0
0.32
531161
635960
108
114
-60
150

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Au (g/t)
Length (m)
To (m)
From (m)
Zone/Deposit
Hole ID
UTM
East
Hole
Length (m)
Dip °
Azimuth °
Elevation
UTM
North
KBRC198
Boin
4.0
8.0
4.0
0.39
and
29.0
32.0
3.0
0.43
and
36.0
40.0
4.0
0.34
and
97.0
99.0
2.0
0.39
and
193.0
194.0
1.0
0.35
531190
635967
107
114
-70
204
KBRC199
Boin
41.0
46.0
5.0
0.41
531096
636032
112
114
-50
108
KBRC200
Boin
59.0
62.0
3.0
0.67
531120
636055
113
114
-70
200
KBRC201
Boin
84.0
86.0
2.0
0.26
520881
636042
111
114
-60
180
KBRC202
Boin
7.0
8.0
1.0
0.32
518142
632540
136
114
-60
102
KBRC203
Boin
59.0
61.0
2.0
0.29
and
130.0
133.0
3.0
0.32
518113
632554
129
114
-60
150
KBRC204
Boin
51.0
53.0
2.0
0.26
518036
632382
121
114
-60
102
KBRC205
Boin
12.0
27.0
15.0
0.53
including
13.0
16.0
3.0
1.81
and
30.0
33.0
3.0
0.31
and
80.0
82.0
2.0
0.48
517993
632397
131
114
-60
132
KBRC206
Boin
67.0
69.0
2.0
2.31
517951
632416
125
114
-60
168
KBRC207
Boin
12.0
14.0
2.0
0.32
and
44.0
46.0
2.0
0.40
517815
632238
120
114
-60
108
KBRC208
Boin
51.0
53.0
2.0
0.30
and
78.0
80.0
2.0
0.21
and
88.0
89.0
1.0
0.33
517778
632254
115
114
-60
105
KBRC209
Boin
87.0
90.0
3.0
0.19
517741
632271
115
114
-60
156
KBRC210A
Boin
no significant results
522086
637066
98
114
-60
109
KBRC211
Boin
no significant results
522026
637096
101
114
-60
150
KBRC212
Boin
no significant results
521954
637125
99
114
-60
200
KBRC213
Boin
no significant results
521852
636897
105
114
-60
108
KBRC214
Boin
no significant results
521774
636929
100
114
-60
156

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
KBRC215
Boin
89.0
90.0
1.0
0.21
521707
636961
104
114
-60
213
KBRC216
Boin
no significant results
521425
636580
116
114
-60
108
KBRC217
Boin
no significant results
521370
636604
108
114
-60
150
KBRC218
Boin
no significant results
521309
636633
100
114
-60
200
KBRC219
Boin
no significant results
521141
636272
107
114
-60
100
KBRC220
Boin
114.0
116.0
2.0
0.28
521096
636295
107
114
-60
150
KBRC221
Boin
no significant results
521053
636315
107
114
-60
216
KBRC222
Boin
23.0
26.0
3.0
0.40
and
34.0
41.0
7.0
0.45
and
48.0
53.0
5.0
0.33
and
59.0
61.0
2.0
0.67
517464
631646
136
114
-60
120
KBRC223
Boin
75.0
79.0
4.0
0.29
517535
631739
140
114
-60
132
KBRC224
Boin
3.0
4.0
1.0
0.94
and
41.0
42.0
1.0
1.16
517608
631888
113
114
-60
100
KBRC225
Boin
23.0
25.0
2.0
1.51
and
38.0
40.0
2.0
0.31
and
70.0
109.0
39.0
0.67
including
95.0
103.0
8.0
1.60
517571
631888
118
114
-60
100
KBRC226
Boin
91.0
92.0
1.0
0.63
517690
632085
122
114
-60
100
KBRC227
Boin
84.0
86.0
2.0
0.37
and
95.0
104.0
9.0
0.35
including
95.0
97.0
2.0
0.69
517653
632106
116
114
-60
150
KBRC228
Boin
36.0
38.0
2.0
0.33
and
50.0
51.0
1.0
0.40
and
78.0
84.0
6.0
0.29
518290
632705
125
114
-60
100
KBRC229
Boin
118.0
133.0
15.0
0.73
518240
632729
127
114
-60
150
KBRC230
Boin
no significant results
518218
632621
126
114
-60
107

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
KBRC231
Boin
52.0
54.0
2.0
0.33
and
56.0
57.0
1.0
0.32
and
103.0
104.0
1.0
0.33
518175
632636
120
114
-60
150
KBRC232
Boin
8.0
12.0
4.0
0.36
520142
635142
138
114
-60
84
KBRC233
Boin
21.0
27.0
6.0
0.29
and
39.0
43.0
4.0
3.50
and
63.0
64.0
1.0
0.45
and
67.0
68.0
1.0
0.31
520119
635156
135
114
-60
126
KBRC234
Boin
64.0
71.0
7.0
1.25
520035
635082
121
114
-60
114
KBRC235
Boin
40.0
43.0
3.0
1.45
and
55.0
59.0
4.0
1.29
and
91.0
92.0
1.0
0.46
and
103.0
107.0
4.0
0.39
and
123.0
125.0
2.0
0.34
520092
635164
134
114
-60
136
KBRC236
Boin
13.0
18.0
5.0
1.24
and
55.0
124.0
69.0
0.90
including
61.0
73.0
12.0
2.06
520187
635223
125
114
-60
126
KBRC237
Boin
24.0
26.0
2.0
0.59
and
52.0
56.0
4.0
0.46
520246
635295
118
114
-60
100
KBRC238
Boin
44.0
45.0
1.0
0.46
and
118.0
120.0
2.0
0.41
520218
635313
112
114
-60
150
KBRC239
Boin
6.0
7.0
1.0
0.37
and
91.0
92.0
1.0
0.71
520333
635374
114
114
-60
100
KBRC240
Boin
48.0
51.0
3.0
0.69
and
57.0
59.0
2.0
0.28
and
72.0
73.0
1.0
0.63
520334
635433
110
114
-60
100

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
KBRC241
Boin
18.0
26.0
8.0
0.45
and
34.0
43.0
9.0
1.75
and
62.0
65.0
3.0
1.36
and
76.0
112.0
36.0
1.02
including
95.0
102.0
7.0
2.58
520300
635447
129
114
-60
150
KBRC242
Boin
6.0
8.0
2.0
0.57
520443
635548
121
114
-60
100
KBRC243
Boin
no significant results
520612
635700
129
114
-60
100
KBRC244
Boin
0.0
1.0
1.0
0.48
and
4.0
11.0
7.0
0.68
518380
632770
126
114
-60
102
SWRC068
Sewum
3.0
5.0
2.0
0.28
and
23.0
31.0
8.0
0.30
and
39.0
42.0
3.0
0.35
and
46.0
62.0
16.0
0.54
including
51.0
57.0
6.0
0.93
and
74.0
76.0
2.0
1.03
521494
629230
193
120
-70
100
SWRC069
Sewum
39.0
41.0
2.0
0.30
and
50.0
59.0
9.0
0.55
and
63.0
70.0
7.0
0.47
and
98.0
114.0
16.0
1.20
521442
629252
198
120
-70
125
SWRC070
Sewum
43.0
45.0
2.0
1.41
and
141.0
148.0
7.0
0.98
521392
629273
193
120
-70
180
SWRC071
Sewum
3.0
16.0
13.0
0.45
and
38.0
43.0
5.0
0.46
and
95.0
100.0
5.0
0.55
521347
628986
193
120
-55
100
SWRC072
Sewum
3.0
22.0
19.0
0.67
and
46.0
84.0
38.0
0.42
521408
628860
199
120
-60
150

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
SWRC073
Sewum
0.0
28.0
28.0
1.52
including
15.0
25.0
10.0
3.58
and
36.0
42.0
6.0
1.21
520472
626241
119
130
-50
100
SWRC074
Sewum
7.0
38.0
31.0
0.84
including
8.0
17.0
9.0
1.47
and
48.0
60.0
12.0
0.71
and
92.0
94.0
2.0
0.36
520416
626193
105
130
-50
100
SWRC075
Sewum
169.0
177.0
8.0
0.56
520355
626219
102
130
-60
220
SWRC076
Sewum
1.0
12.0
11.0
0.48
and
39.0
88.0
49.0
0.91
and
104.0
120.0
16.0
3.04
521308
627853
118
120
-50
120
SWRC077
Sewum
29.0
35.0
6.0
0.49
and
54.0
56.0
2.0
0.36
and
68.0
83.0
15.0
0.76
and
89.0
92.0
3.0
0.62
and
117.0
119.0
2.0
0.40
and
126.0
131.0
5.0
0.40
and
138.0
140.0
2.0
0.28
and
151.0
153.0
2.0
0.35
and
163.0
165.0
2.0
0.40
521268
627871
112
120
-50
180
SWRC078
Sewum
no significant results
520197
626036
83
120
-60
270
SWRC079
Sewum
207.0
209.0
2.0
0.37
and
260.0
262.0
2.0
1.78
and
278.0
284.0
6.0
0.98
520334
626242
104
120
-60
294
SWRC080
Sewum
149.0
159.0
10.0
1.35
and
166.0
168.0
2.0
0.49
520405
626279
113
120
-60
204
SWRC081
Sewum
no significant results
520380
626293
104
120
-60
250

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
Dip °
Hole
Length (m)
UTM
North
Elevation
Azimuth °
SWRC082
Sewum
36.0
60.0
24.0
2.02
and
96.0
111.0
15.0
0.40
and
222.0
224.0
2.0
0.55
520483
626291
115
120
-50
246
SWRC083
Sewum
86.0
108.0
22.0
1.97
and
140.0
141.0
1.0
0.83
520459
626301
124
120
-60
252
SWRC084
Sewum
115.0
134.0
19.0
1.41
520472
626357
114
120
-60
250
SWRC085
Sewum
4.0
12.0
8.0
0.43
and
42.0
44.0
2.0
0.36
and
63.0
64.0
1.0
0.31
521395
628651
191
120
-50
100
SWRC086
Sewum
131.0
133.0
2.0
0.46
521353
628672
198
120
-50
150
SWRC087
Sewum
0.0
1.0
1.0
0.66
and
84.0
86.0
2.0
0.48
521415
628352
145
120
-50
120
SWRC088
Sewum
7.0
18.0
11.0
0.32
and
34.0
36.0
2.0
0.29
and
56.0
63.0
7.0
0.35
521366
628375
145
120
-50
180
SWRC089
Sewum
12.0
13.0
1.0
0.33
and
43.0
45.0
2.0
0.31
and
47.0
49.0
2.0
0.30
and
60.0
62.0
2.0
0.38
521412
628244
127
120
-50
102
SWRC090
Sewum
0.0
1.0
1.0
0.52
and
66.0
68.0
2.0
0.29
and
114.0
116.0
2.0
0.46
and
119.0
121.0
2.0
0.73
521370
628269
137
120
-50
156
SWRC091
Sewum
4.0
5.0
1.0
0.32
and
60.0
61.0
1.0
0.30
and
81.0
82.0
1.0
0.40
and
95.0
99.0
4.0
0.81
521371
628158
107
120
-50
100

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
SWRC092
Sewum
90.0
91.0
1.0
0.71
and
140.0
148.0
8.0
0.37
and
196.0
198.0
2.0
0.43
521270
627986
106
120
-50
220
SWRC093
Sewum
8.0
11.0
3.0
1.48
and
32.0
49.0
17.0
0.60
and
61.0
164.0
103.0
0.82
521364
627948
102
120
-50
168
SWRC094
Sewum
86.0
88.0
2.0
0.33
and
91.0
94.0
3.0
0.32
and
108.0
111.0
3.0
1.19
and
115.0
131.0
16.0
1.26
and
147.0
150.0
3.0
0.55
and
158.0
164.0
6.0
1.51
and
175.0
183.0
8.0
2.35
and
187.0
195.0
8.0
0.71
and
246.0
252.0
6.0
0.37
521225
627895
113
120
-50
254
SWRC095
Sewum
27.0
28.0
1.0
0.95
and
122.0
124.0
2.0
1.63
and
181.0
195.0
14.0
0.53
and
233.0
238.0
5.0
1.16
521155
627863
119
120
-50
242
SWRC096
Sewum
0.0
1.0
1.0
2.44
and
66.0
67.0
1.0
1.56
and
83.0
84.0
1.0
0.54
and
92.0
108.0
16.0
0.69
and
136.0
138.0
2.0
0.40
and
143.0
192.0
49.0
0.32
521165
627779
105
120
-50
200
SWRC097
Sewum
2.0
3.0
1.0
0.31
and
22.0
23.0
1.0
0.36
and
155.0
156.0
1.0
0.62
521164
627439
106
120
-50
180

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
Dip °
Hole
Length (m)
UTM
North
Elevation
Azimuth °
SWRC098
Sewum
7.0
12.0
5.0
0.29
and
59.0
60.0
1.0
0.66
521375
628065
100
120
-50
150
NBRC016
Nyam
23.0
29.0
6.0
1.03
and
50.0
54.0
4.0
0.40
and
68.0
86.0
18.0
0.63
and
97.0
100.0
3.0
0.48
and
109.0
112.0
3.0
0.55
530221
637264
81
300
-60
130
NBRC017
Nyam
8.0
53.0
45.0
1.38
including
8.0
30.0
22.0
0.74
and incl.
47.0
53.0
6.0
6.25
and
64.0
66.0
2.0
1.88
and
83.0
93.0
10.0
0.41
and
102.0
107.0
5.0
0.54
and
135.0
137.0
2.0
0.34
530241
637278
69
300
-60
150
NBRC018
Nyam
10.0
12.0
2.0
0.25
and
36.0
42.0
6.0
0.32
530180
637314
76
300
-60
84
NBRC019
Nyam
80.0
82.0
2.0
0.35
and
91.0
108.0
17.0
1.20
530845
638277
81
300
-60
156
NBRC020
Nyam
51.0
60.0
9.0
1.14
and
73.0
102.0
29.0
0.94
and
110.0
120.0
10.0
1.18
and
139.0
143.0
4.0
0.41
530506
637714
86
300
-60
150

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
NBRC021
Nyam
15.0
17.0
2.0
0.33
and
32.0
34.0
2.0
0.73
and
50.0
54.0
4.0
1.56
and
63.0
84.0
21.0
1.42
and
90.0
96.0
6.0
1.26
and
102.0
105.0
3.0
0.36
and
109.0
119.0
10.0
0.52
and
126.0
129.0
3.0
0.65
530474
637679
93
300
-60
130
NBRC022
Nyam
8.0
10.0
2.0
1.96
and
70.0
90.0
20.0
1.72
and
116.0
119.0
3.0
0.36
530435
637610
102
300
-60
150
NBRC023
Nyam
49.0
51.0
2.0
0.19
530712
638187
98
300
-60
80
NBRC024
Nyam
22.0
26.0
4.0
0.67
and
41.0
42.0
1.0
0.89
and
57.0
84.0
27.0
1.34
and
93.0
102.0
9.0
3.45
and
113.0
120.0
7.0
0.47
and
137.0
146.0
9.0
0.38
530262
637265
78
300
-60
156
NBRC025
Nyam
33.0
35.0
2.0
0.51
and
72.0
73.0
1.0
0.41
and
92.0
124.0
32.0
0.84
and
136.0
139.0
3.0
0.51
and
151.0
162.0
11.0
0.55
530284
637253
78
300
-60
174

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Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
NBRC026
Nyam
64.0
66.0
2.0
0.36
and
79.0
91.0
12.0
0.42
and
96.0
98.0
2.0
0.86
and
105.0
109.0
4.0
2.39
and
116.0
117.0
1.0
0.65
and
125.0
127.0
2.0
1.00
and
145.0
148.0
3.0
0.57
and
170.0
173.0
3.0
0.41
and
177.0
179.0
2.0
0.34
530262
637240
75
300
-60
204
NBRC027
Nyam
3.0
9.0
6.0
2.83
and
39.0
55.0
16.0
0.48
and
60.0
62.0
2.0
0.36
530200
637284
74
300
-60
110
NBRC028
Nyam
32.0
36.0
4.0
0.46
and
60.0
74.0
14.0
0.49
530122
637161
76
300
-60
132
NBRC029
Nyam
10.0
11.0
1.0
1.15
and
59.0
61.0
2.0
0.82
and
87.0
89.0
2.0
0.53
530142
637152
78
300
-60
150
NBRC030
Nyam
69.0
85.0
16.0
1.17
and
102.0
104.0
2.0
0.53
and
110.0
115.0
5.0
1.48
and
150.0
155.0
5.0
0.34
and
158.0
160.0
2.0
0.32
530180
637146
77
300
-60
180
NBRC031
Nyam
28.0
29.0
1.0
0.49
and
104.0
106.0
2.0
0.32
and
124.0
148.0
24.0
0.31
and
158.0
164.0
6.0
1.48
and
177.0
188.0
11.0
1.28
530297
637242
80
300
-60
210

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
NBRC032
Nyam
170.0
226.0
56.0
0.40
530507
637573
72
300
-60
258
NBRC033
Nyam
151.0
153.0
2.0
0.57
and
201.0
214.0
13.0
1.00
and
233.0
235.0
2.0
0.32
530909
638234
97
300
-60
264
NBRC034
Nyam
0.0
14.0
14.0
0.59
530760
638239
100
300
-60
156
NBRC035
Nyam
130.0
132.0
2.0
0.57
and
135.0
137.0
2.0
0.54
and
142.0
144.0
2.0
0.78
530910
638345
84
300
-60
156
NBRC036
Nyam
7.0
9.0
2.0
0.75
and
87.0
88.0
1.0
0.38
531135
638959
70
300
-60
102
NBRC037
Nyam
6.0
7.0
1.0
0.34
and
20.0
21.0
1.0
0.69
and
68.0
77.0
9.0
0.46
and
81.0
83.0
2.0
0.48
531161
638947
79
300
-60
156
NBRC038
Nyam
109.0
112.0
3.0
0.52
and
122.0
126.0
4.0
0.42
and
130.0
132.0
2.0
0.33
531190
638936
68
300
-60
204
NBRC039
Nyam
7.0
29.0
22.0
0.50
531096
638870
72
300
-60
114
NBRC040
Nyam
52.0
70.0
18.0
0.30
and
76.0
83.0
7.0
1.05
531120
638857
75
300
-60
156
NBRC041
Nyam
111.0
131.0
20.0
0.39
531147
638847
74
300
-60
201
NBRC042A
Nyam
9.0
15.0
6.0
0.40
and
24.0
37.0
13.0
0.62
531054
638780
83
300
-60
102
NBRC043
Nyam
104.0
124.0
20.0
0.31
531099
638758
76
300
-60
180
NBRC044
Nyam
8.0
10.0
2.0
0.98
and
17.0
20.0
3.0
0.53
and
41.0
67.0
26.0
1.17
530696
638123
132
300
-60
162

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
NBRC045
Nyam
165.0
174.0
9.0
0.81
and
179.0
219.0
40.0
1.57
including
185.0
194.0
9.0
5.40
530544
637644
115
300
-60
252
NBRC046
Nyam
116.0
119.0
3.0
0.52
and
124.0
147.0
23.0
0.60
530527
637695
104
300
-60
186
NBRC047
Nyam
182.0
205.0
23.0
0.48
and
212.0
216.0
4.0
0.40
and
222.0
247.0
25.0
1.94
including
227.0
234.0
7.0
5.78
530572
637672
112
300
-60
247
NBRC048
Nyam
79.0
85.0
6.0
0.33
and
95.0
101.0
6.0
0.31
and
104.0
114.0
10.0
0.30
530333
637622
101
300
-60
114
NBRC049
Nyam
7.0
10.0
3.0
0.39
and
13.0
14.0
1.0
0.37
530360
637607
102
300
-60
134
NBRC050
Nyam
11.0
13.0
2.0
1.23
and
23.0
27.0
4.0
1.03
and
35.0
45.0
10.0
0.67
and
50.0
53.0
3.0
0.35
530339
637516
96
300
-60
120
NBRC051
Nyam
15.0
16.0
1.0
0.30
and
28.0
31.0
3.0
0.99
and
38.0
47.0
9.0
0.69
and
57.0
65.0
8.0
0.51
530325
637479
93
300
-60
126
NBRC052
Nyam
4.0
7.0
3.0
1.28
and
17.0
22.0
5.0
0.31
and
24.0
26.0
2.0
0.34
and
38.0
40.0
2.0
0.34
and
67.0
69.0
2.0
1.97
530267
637402
87
300
-60
115

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
NBRC053
Nyam
9.0
11.0
2.0
0.86
and
42.0
44.0
2.0
0.32
and
48.0
57.0
9.0
1.32
and
100.0
107.0
7.0
0.33
530292
637376
79
300
-60
155
NBRC054
Nyam
no significant results
530206
637384
72
300
-60
115
NBRC055
Nyam
12.0
21.0
9.0
0.38
and
102.0
103.0
1.0
1.04
530229
637372
78
300
-60
144
NKRC001
Nkwanta
no significant results
525094
633089
101
300
-55
100
KKRC017A
Kwakyekrom
45.0
48.0
3.0
0.52
and
69.0
70.0
1.0
1.17
and
89.0
120.0
31.0
0.46
including
107.0
120.0
13.0
0.72
528698
634833
127
298
-60
150
KKRC018
Kwakyekrom
35.0
39.0
4.0
0.29
and
86.0
92.0
6.0
0.80
and
99.0
110.0
11.0
2.35
528658
634784
129
298
-60
120
KKRC019
Kwakyekrom
4.0
7.0
3.0
0.36
and
58.0
78.0
20.0
0.36
including
59.0
63.0
4.0
0.50
and incl.
70.0
76.0
6.0
0.64
and
88.0
92.0
4.0
0.38
and
102.0
104.0
2.0
0.50
528611
634738
128
298
-60
120
KKRC020
Kwakyekrom
26.0
28.0
2.0
0.79
and
44.0
47.0
3.0
0.43
and
60.0
75.0
15.0
0.48
and
79.0
83.0
4.0
1.04
528598
634714
133
298
-60
110
KKRC021
Kwakyekrom
52.0
69.0
17.0
0.57
and
97.0
104.0
7.0
0.94
528592
634693
132
298
-60
114

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

From (m)
Hole ID
Zone/Deposit
To (m)
Length (m)
Au (g/t)
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
KKRC022
Kwakyekrom
41.0
67.0
26.0
0.51
including
59.0
66.0
5.0
1.59
and
101.0
104.0
3.0
0.57
528555
634617
124
298
-60
114
KKRC023
Kwakyekrom
34.0
40.0
6.0
4.71
and
60.0
66.0
6.0
0.34
528542
634595
117
298
-60
122
KKRC024
Kwakyekrom
35.0
38.0
3.0
0.77
and
59.0
74.0
15.0
0.44
and
104.0
113.0
9.0
0.23
528550
634557
104
298
-60
130
KKRC025
Kwakyekrom
0.0
18.0
18.0
0.45
including
13.0
17.0
4.0
1.00
and
23.0
29.0
6.0
0.57
and
69.0
77.0
8.0
0.21
and
89.0
100.0
11.0
0.63
528502
634580
103
298
-60
100
KKRC026
Kwakyekrom
20.0
24.0
4.0
1.32
and
70.0
73.0
3.0
0.44
and
80.0
94.0
14.0
1.69
and
120.0
121.0
1.0
0.44
and
126.0
128.0
2.0
0.63
and
138.0
141.0
3.0
0.31
528614
634705
128
298
-60
162
KKRC027
Kwakyekrom
1.0
3.0
2.0
0.29
and
49.0
51.0
2.0
0.42
and
78.0
81.0
3.0
0.39
and
84.0
101.0
17.0
0.91
528611
634689
128
298
-60
168
KKRC028
Kwakyekrom
111.0
137.0
26.0
1.43
including
115.0
124.0
9.0
3.31
and
149.0
157.0
8.0
0.34
and
162.0
167.0
5.0
0.69
and
176.0
180.0
4.0
0.39
528632
634668
126
298
-60
213

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Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
Dip °
Hole
Length (m)
UTM
North
Elevation
Azimuth °
KKRC029
Kwakyekrom
21.0
45.0
24.0
0.89
and
54.0
56.0
2.0
0.41
and
116.0
118.0
2.0
0.35
and
123.0
125.0
2.0
0.43
528574
634699
133
298
-60
126
KKRC030
Kwakyekrom
65.0
66.0
1.0
0.42
and
68.0
69.0
1.0
0.46
and
109.0
127.0
18.0
0.97
and
145.0
147.0
2.0
0.43
528653
634733
127
298
-60
180
KKRC031
Kwakyekrom
30.0
32.0
2.0
0.78
and
114.0
124.0
10.0
2.97
and
162.0
168.0
6.0
0.88
and
181.0
184.0
3.0
0.36
528682
634774
131
298
-60
186
KKRC032
Kwakyekrom
14.0
24.0
10.0
0.32
and
56.0
63.0
7.0
0.40
528570
634723
134
298
-60
114
KKRC033
Kwakyekrom
26.0
28.0
2.0
0.33
and
47.0
49.0
2.0
0.41
and
69.0
75.0
6.0
1.19
528569
634584
109
298
-60
126
KKRC034
Kwakyekrom
14.0
46.0
32.0
0.68
and
67.0
74.0
7.0
0.58
and
90.0
95.0
5.0
0.34
528517
634607
124
298
-60
102
KKRC035
Kwakyekrom
0.0
7.0
7.0
0.46
and
17.0
25.0
8.0
0.82
and
39.0
41.0
2.0
0.30
528532
634631
125
298
-60
108
KKRC036
Kwakyekrom
19.0
22.0
3.0
0.49
and
28.0
31.0
3.0
0.41
and
54.0
61.0
7.0
1.95
and
93.0
114.0
21.0
0.41
528625
634796
130
298
-60
114

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
Dip °
Hole
Length (m)
UTM
North
Elevation
Azimuth °
KKRC037
Kwakyekrom
44.0
46.0
2.0
0.35
and
88.0
92.0
4.0
0.49
and
105.0
107.0
2.0
4.12
528661
634846
126
298
-60
110
KKRC038
Kwakyekrom
36.0
29.0
3.0
0.38
and
97.0
111.0
14.0
0.35
and
126.0
128.0
2.0
0.37
and
131.0
143.0
12.0
0.83
and
153.0
170.0
17.0
1.44
528738
634809
128
298
-60
200
KKRC039
Kwakyekrom
28.0
38.0
10.0
0.31
528692
634909
129
298
-60
129
KKRC040
Kwakyekrom
12.0
39.0
27.0
0.34
and
95.0
99.0
4.0
0.29
and
107.0
109.0
2.0
1.29
and
116.0
120.0
4.0
0.47
528741
634889
127
298
-60
162
KKRC041
Kwakyekrom
0.0
53.0
53.0
0.79
and
70.0
84.0
14.0
0.45
528466
634474
104
298
-60
120
KKRC042
Kwakyekrom
0.0
2.0
2.0
0.33
and
38.0
39.0
1.0
0.50
and
48.0
50.0
2.0
0.35
and
56.0
62.0
6.0
0.47
528440
634487
108
298
-60
100
KKRC043
Kwakyekrom
73.0
83.0
10.0
1.51
and
89.0
92.0
3.0
1.16
and
138.0
140.0
2.0
0.90
528580
634606
123
298
-60
144
KKRC044
Kwakyekrom
14.0
22.0
8.0
0.49
528362
634281
143
298
-60
114
KKRC045
Kwakyekrom
80.0
87.0
7.0
1.03
528409
634257
142
298
-60
162
KKRC046
Kwakyekrom
55.0
79.0
24.0
0.50
including
58.0
72.0
14.0
0.61
528407
634372
123
298
-60
96
KKRC047
Kwakyekrom
74.0
76.0
2.0
0.33
and
88.0
96.0
8.0
0.41
528454
634348
124
298
-60
138

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
KKRC048
Kwakyekrom
24.0
26.0
2.0
0.46
and
58.0
73.0
15.0
1.29
and
111.0
122.0
11.0
1.86
and
144.0
147.0
3.0
0.69
528499
634456
106
298
-60
150
KKRC049
Kwakyekrom
60.0
67.0
7.0
0.34
and
117.0
120.0
3.0
0.91
and
197.0
200.0
3.0
0.40
and
208.0
213.0
5.0
2.33
528539
634435
109
298
-60
213
KKRC050
Kwakyekrom
0.0
3.0
3.0
0.37
and
25.0
28.0
3.0
0.32
and
36.0
56.0
20.0
0.55
and
97.0
118.0
21.0
0.46
including
97.0
108.0
11.0
0.71
528572
634653
131
298
-60
132
KKRC051
Kwakyekrom
148.0
198.0
50.0
0.61
including
164.0
173.0
9.0
1.36
and
210.0
212.0
2.0
0.44
and
225.0
227.0
2.0
1.02
and
241.0
244.0
3.0
0.63
528656
634656
119
298
-60
246
KKRC052
Kwakyekrom
54.0
55.0
1.0
0.64
and
75.0
76.0
1.0
0.52
and
112.0
132.0
20.0
1.19
including
113.0
118.0
5.0
2.75
528640
634698
122
298
-60
192
KKRC053
Kwakyekrom
145.0
149.0
4.0
0.90
and
172.0
190.0
18.0
0.75
and
210.0
212.0
2.0
0.38
528667
634679
120
298
-60
240
KKRC054
Kwakyekrom
98.0
109.0
11.0
0.58
528602
634632
128
298
-60
156

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Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
Dip °
Hole
Length (m)
UTM
North
Elevation
Azimuth °
KKRC055
Kwakyekrom
8.0
12.0
4.0
1.21
and
98.0
99.0
1.0
0.70
and
108.0
121.0
13.0
0.94
and
162.0
163.0
1.0
0.54
528590
634565
106
298
-60
168
KKRC056
Kwakyekrom
81.0
88.0
7.0
0.23
and
105.0
106.0
1.0
0.45
and
110.0
125.0
15.0
0.96
including
110.0
119.0
9.0
1.46
and
129.0
130.0
1.0
0.35
and
134.0
141.0
7.0
0.23
and
160.0
189.0
29.0
0.94
including
170.0
176.0
6.0
2.65
528600
634591
114
298
-60
189
KKRC057
Kwakyekrom
90.0
91.0
1.0
0.31
and
119.0
121.0
2.0
0.31
and
131.0
148.0
17.0
0.25
and
192.0
194.0
2.0
0.29
528636
634623
120
298
-60
202
KKRC058
Kwakyekrom
70.0
72.0
2.0
0.53
and
78.0
90.0
2.0
0.28
including
85.0
87.0
2.0
0.45
and
91.0
92.0
1.0
0.32
and
105.0
106.0
1.0
0.56
and
146.0
147.0
1.0
0.33
and
171.0
174.0
3.0
1.47
and
179.0
181.0
2.0
0.28
and
194.0
195.0
1.0
0.39
and
230.0
232.0
2.0
0.64
528812
634852
113
298
-60
267

TSX-V: NCAU | OTCQX: NCAUF | www.newcoregold.com

Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
UTM
North
Elevation
Azimuth °
Dip °
Hole
Length (m)
KKRC059
Kwakyekrom
148.0
151.0
3.0
1.13
and
169.0
171.0
2.0
0.50
and
177.0
184.0
7.0
0.63
and
217.0
218.0
1.0
1.63
528776
634792
118
298
-60
276
KKRC060
Kwakyekrom
148.0
156.0
8.0
0.66
and
168.0
177.0
9.0
0.71
and
189.0
190.0
1.0
1.41
528710
634749
127
298
-60
234
KKRC061C
Kwakyekrom
154.0
156.0
2.0
0.45
528696
634718
117
298
-60
210
KKRC062
Kwakyekrom
no significant results
528326
634188
167
298
-60
107
KKRC063
Kwakyekrom
86.0
89.0
3.0
0.44
and
123.0
124.0
1.0
0.51
and
154.0
155.0
1.0
0.78
528364
634167
169
298
-60
186
KKRC064
Kwakyekrom
84.0
85.0
1.0
0.61
and
114.0
123.0
9.0
0.50
528384
633885
129
298
-60
144
KKRC065
Kwakyekrom
94.0
105.0
11.0
0.90
and
141.0
144.0
3.0
0.64
528409
633870
123
298
-60
200
KJRC011
Kojina Hill
no significant results
528887
637281
110
300
-65
170
KJRC012
Kojina Hill
218.0
222.0
4.0
1.34
and
229.0
230.0
1.0
0.83
528887
637281
110
300
-75
252
KJRC013
Kojina Hill
6.0
13.0
7.0
0.33
and
83.0
113.0
30.0
0.39
including
83.0
91.0
8.0
0.51
and incl.
94.0
99.0
5.0
0.56
and incl.
109.0
113.0
4.0
0.57
528897
637243
123
300
-60
170
KJRC014
Kojina Hill
57.0
60.0
3.0
0.37
and
209.0
212.0
3.0
0.37
528897
637243
123
300
-75
288
KJRC015
Kojina Hill
126.0
127.0
1.0
0.40
and
139.0
140.0
1.0
0.42
528867
637240
130
300
-60
192

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Newcore Gold Ltd. | Enchi Gold Project 2020 - 2021 Drill Results

==> picture [171 x 32] intentionally omitted <==

Table accompanies news release dated July 21, 2021

Hole ID
Zone/Deposit
From (m)
To (m)
Length (m)
Au (g/t)
UTM
East
Dip °
Hole
Length (m)
UTM
North
Elevation
Azimuth °
KJRC016
Kojina Hill
174.0
175.0
1.0
0.31
and
208.0
209.0
1.0
0.30
and
244.0
246.0
2.0
0.33
528871
637239
127
300
-75
252
KJRC017
Kojina Hill
108.0
112.0
4.0
0.86
and
119.0
122.0
3.0
0.28
and
125.0
145.0
20.0
1.09
including
125.0
129.0
4.0
2.52
and
155.0
156.0
1.0
0.47
528838
637203
149
300
-65
162
KJRC018
Kojina Hill
48.0
50.0
2.0
0.30
and
98.0
102.0
4.0
0.68
528860
637219
141
300
-65
150
KJRC019
Kojina Hill
81.0
89.0
8.0
0.50
and
121.0
122.0
1.0
0.60
528871
637239
129
270
-70
282
KJRC020
Kojina Hill
67.0
69.0
2.0
0.44
528805
637400
97
120
-55
90
KJRC021
Kojina Hill
no significant results
528774
637413
88
120
-55
132
KJRC022
Kojina Hill
2.0
3.0
1.0
0.62
and
44.0
49.0
5.0
1.68
and
61.0
120.0
59.0
0.79
including
80.0
90.0
10.0
3.03
528789
637334
113
120
-55
120
KJRC023
Kojina Hill
no significant results
528766
637358
64
120
-55
168
KJRC024
Kojina Hill
86.0
100.0
14.0
0.87
and
117.0
132.0
15.0
1.44
528786
637377
107
120
-55
160
  1. Intervals reported are core lengths with true width estimated to be 75 - 85%.

  2. Length-weighted averages from uncut assays.

  3. All drilling completed by independent contractor.

  4. All drilling samples sealed on site and delivered directly to independent lab Intertek Mineral Limited located in Tarkwa, Ghana for preparation and 50g Fire Assay with AAS finish.

  5. QA/QC procedures include industry standard inclusion of standards, blanks, and duplicates in all sample batches.

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