Leocor Gold Inc. announced it has received exploration approval for its Baie Verte projects, located in the Baie Verte Peninsula, Newfoundland, Canada. Exploration activities consisting of prospecting, geochemical survey, ground geophysics, and fixed wing airborne surveys (LiDAR, UAV) are now approved across the Company's Baie Verte project portfolio and are expected to begin over the next few weeks. The 2,000-hectare Baie Verte portfolio includes the Dorset, Five Mile Brook, Dorset Extension, and Copper Creek projects. The Main Zone at Dorset includes three historic occurrences, with up to 409 grams-per- tonne ("g/t") gold ("Au") in grab samples, with channel sampling results of 177 g/t Au over 0.35m, 22 g/t Au over 1.5m, 17.2 g/t Au over 1.5m, and 14.7 g/t Au over 1.5m. Historic drilling includes 9.5 g/t Au over 1.3m (MacDougall, 1990). Historic select sampling at the Braz Zone returned values of 314 g/t Au, 40 g/t Au, 31.4 g/t Au, 21.2 g/t Au, 19.2 g/t Au, and 14.8 g/t Au. Historic channel sampling across the vein, returned 9.5 g/t Au over 0.4m; 5.7 g/t Au over 0.5m and 1.2 g/t Au over 0.65m. Weighted averages of historic rock sampling encompassing vein and mineralized wall rock returned values of 5.8 g/t Au over 1.9m; 3.1 g/t Au over 2.0m and 2.5 g/t Au over 1.5m (MacDougall, 1990).