Newcore Gold Ltd. announced a non-brokered private placement and it will issue of up to 33,333,333 units at an issue price of CAD 0.15 per unit for gross proceeds of up to CAD 4,999,999.95 on June 12, 2023. Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at an exercise price of CAD 0.2 per common share for a period of 12 months following the completion of the transaction.

Finder's fees may be payable in accordance with the policies of the TSX Venture Exchange. The transaction is scheduled to close on or about June 28, 2023, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.