Leocor Mining Mails Meeting Materials in Connection with Plan of Arrangement

About this update from Leocor Mining Inc.

Vancouver, British Columbia (May 4, 2026) – TheNewswire – Leocor Mining Inc. (CSE: LECR, OTCQB: LECRF, Frankfurt: LGO0) (“Leocor” or the “Company”) is pleased to announce,  further to its news releases dated April 9, 2026 and April 15, 2026, that it has mailed its management information circular (the “Circular”) and related proxy materials (the “Meeting Materials”) to holders (“Shareholders”) of common shares of the Company (“Leocor Shares”) in connection with the annual general and special meeting of Shareholders to be held at 10:00 a.m. (Pacific Time) on June 3, 2026 (the “Meeting”). The Meeting Materials are being mailed to Shareholders of record as of April 17, 2026 (the “Record Date”). At the Meeting, Shareholders will be asked to consider, and if deemed advisable, approve, among other things, the Company’s previously announced court-approved plan of arrangement (the “Arrangement”) under Division 5 of Part 9 of the Business Corporations Act (British Columbia), pursuant to which the Company will effect a distribution (the “Distribution”) of up to all of its 17,647,058 common shares of Intrepid Metals Corp. (TSXV: INTR) (“Intrepid”), representing approximately 15.09% of the issued and outstanding Intrepid shares as of the date hereof, to Shareholders on a pro rata basis. Pursuant to the Arrangement, each existing Leocor Share will be exchanged for: (i) one new common share of Leocor having the same attributes as the existing Leocor Shares; and (ii) a pro rata entitlement to the Intrepid shares to be distributed, based on an exchange ratio to be determined at the date of closing of the Arrangement and announced at that time. Shareholders will also be asked to approve customary annual general meeting matters. Shareholders of record at the effective time of the Arrangement will be entitled to receive their pro rata portion of Intrepid shares pursuant to the Distribution. This entitlement is separate from, and not determined by, the Record Date established for the Meeting. On May 1, 2026, the Company obtained an interim order of the Supreme Court of British Columbia (the “Court”) providing for the calling and holding of the Meeting and other procedural matters related to the Arrangement. The Circular contains, among other things, details concerning the Arrangement and the Distribution, the background to and reasons for the favourable recommendation of...

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