Newcore Gold Ltd. reported it has filed the technical report supporting the updated independent Preliminary Economic Assessment ("PEA") completed for the company's 100%-owned Enchi Gold Project in Ghana. The PEA was prepared by BBA E&C Inc. in accordance with National Instrument 43-101 ("NI 43-101") Standards of Disclosure for Mineral Projects. The technical report, titled "Preliminary Economic Assessment for the Enchi Gold Project, Enchi, Ghana" has an effective date of June 8, 2021. The positive PEA, the results of which were announced on June 8, 2021, highlights the potential for a technically simple, open pit mine and heap leach operation utilizing contract mining. The PEA also reflects an updated, pit constrained, Inferred Mineral Resource of 70.4 million tonnes ("Mt") grading 0.62 grams per tonne gold ("g/t Au") containing 1.4 million ounces gold. Only 20,195 metres of drilling from the ongoing 66,000 metre drill program was included in the updated Mineral Resource Estimate. The PEA is preliminary in nature, includes Inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that PEA results will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability.