Updated PEA Highlights Robust Economics at the Enchi Gold Project

Luke Alexander brings over 20 years of natural resource sector experience, knowledge and contacts to Newcore Gold, particularly in West Africa. He has raised billions of dollars and structured deals for major mining companies while advising some of the world’s top institutional investment funds. Mr. Alexander began his investment banking career in the private client group at BMO Nesbitt Burns in Toronto, then started up an institutional equity trading desk for Toronto Dominion in London before doing the same for National Bank. In 2008, he became a senior partner at GMP Securities in London focused on advising ASX, TSX and London listed mining companies. Throughout his investment banking career, he has helped fund many major resource projects in West Africa. In 2018, Mr. Alexander founded Park Road Capital, a Vancouver-based, natural resource focused consulting firm where he continued to leverage his extensive capital markets experience.

Mr. Smith, P.Geo. is an exploration geologist with more than 35 years of experience. He has worked for both junior and senior mining companies in various parts of the world which has included the management of multi-million-dollar work programs that have been successful in outlining more than 10 million ounces of gold. Greg brings a broad range of experience from the evaluation of grass roots properties to supervision of advanced projects including resource and reserve estimation, oversight of geological and technical activities for active underground and open pit mining operations including grade control, QA/QC programs and NI43-101 compliance, and advanced technical and economic studies including Preliminary Assessments (Scoping Studies), Prefeasibility, and Feasibility Studies.

Mal Karwowska has over 15 years of experience in the mining sector, spanning both corporate development and investor relations roles within publicly listed mining companies, as well as corporate finance and principal investing. She spent the first five years of her career at National Bank Financial as a member of the investment banking team, focused on the metals and mining sector. Her prior principal investing roles earlier in her career were with Pacific Road Capital Management, a mining-focused private equity investment firm, and Boston-based Liberty Metals & Mining Holdings, LLC, a subsidiary of Liberty Mutual Insurance. Ms. Karwowska’s prior corporate experience includes Business Development Director at Oxygen Capital Corp., and VP, Corporate Development at First Mining Gold Corp. She holds a Bachelor of Commerce in Finance and Accounting from the Sauder School of Business at the University of British Columbia.

Mr. Fraser, P.Eng., has over 10 years of on-site experience in construction and operations in both mining and processing roles, as well as significant study management and consulting experience. His contributions span diverse regions including South America, Central America, Europe, Africa, and subarctic Canada. Mr. Fraser acted as Project, Field, and Commissioning Engineer for the construction and commissioning of JDS Silver's Silvertip Mine in 2015 and Victoria Gold Corp.'s Eagle Gold Mine in 2017. Following the successful commissioning of the Eagle Gold Mine in 2019, Mr. Fraser assumed the role of the site’s Heap Leach Engineer. Prior to joining Newcore Gold, Mr. Fraser was a Process Engineer and Project Manager at BBA focused on the design and assessment of heap leach projects. Mr. Fraser holds a Bachelor of Science in Mining and Mineral Processing Engineering from Montana Technological University and is a registered professional engineer with Engineers & Geoscientists British Columbia.