Leocor Gold Inc. reported significant RAB drilling results from the recently completed drill program on the Dorset Project within the Company's Baie Verte District landholdings, located on north central Newfoundland, Canada. These results are highlighted by hole DORRAB23-004 which returned 0.226 grams-per-tonne ("g/t") gold ("Au") over 32m starting at surface (4.6m). This includes 1.01 g/t Au over 1.52m starting at surface and 0.464 g/t Au over1.52m from 32m.

A total of 14 RAB holes were completed at the Dorset Project totaling 750m. Drilling concentrated on the Sharpie Ridge, Gunshot and Dorset showings. The above wide low-grade intercept tested an undrilled 1 x 2 km gold-in-soil anomaly outlined by Leocor in 2022.

The RAB drilling was completed by GroundTruth Exploration Inc. using their "GT RAB Drill," a Heli-Portable, wireless remote-controlled, rubber tracked platform with a hydraulic tilting mast assembly and rotary drill head. The GT RAB Drill is environmentally friendly with low- ground pressure and minimal surface disturbance. Individual drill holes can be up to 100m in depth and are paired with onsite XRF analysis and optical televiewer surveys, allowing rapid evaluation of the target areas.

Based on the 2022 and 2023 significant RAB drill results, Leocor's geological team has advanced the interpretation of possible controls to gold mineralization related to north to north-northeast and southeast-northwest structural lineaments. Where these trends intersect has produced the more significant sub-surface drill intercepts. This relationship appears very important and will provide targets of merit for the follow up program.

Permitting for diamond drilling has now been submitted.