Newcore Gold Diamond Drilling Intersects First Visible Gold, High-Grade Gold Mineralization with 147.5 g/t Gold over 1.0 Metre and 3.22 g/t Gold over 17.0 Metres, at the Enchi Gold Project, GhanaDiamond Drilling at the Boin Gold Deposit Encounters First Visible Gold by Drilling at Enchi, Highlighting the Potential for High-Grade Gold Mineralization and Resource Growth at Depth VANCOUVER, British Columbia, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce additional drill results from the 45,000-metre drill program underway at the Company’s 100% owned Enchi Gold Project ("Enchi" or the "Project") in Ghana. Diamond Drilling ("DD") at the Boin Gold Deposit ("Boin") intersected high-grade gold mineralization, including hole KBDD100 which intersected 147.50 grams per tonne gold ("g/t Au") over 1.0 metre ("m") from 310 m (true width unknown). Hole KBDD100 also represents a significant milestone as it is the first visible gold encountered by drilling on the Project. Hole KBDD102 also returned high-grade gold in the fresh mineralization, intersecting 3.22 g/t Au over 17.0 m from 327 m, along with a second interval of 1.70 g/t Au over 25.5 m from 285 m. This news release reports results for the second set of holes completed targeting high-grade mineralization in the upper portions of the fresh mineralization at Boin. Drilling continues to demonstrate the continuity of gold mineralization and the potential for resource expansion at Enchi. Highlights from Diamond Drilling at the Boin Gold Deposit at Enchi First visible gold encountered by drilling on the Project. Diamond drill hole KBDD100 intersected 147.50 g/t Au over 1.0 m from 310 m (true width unknown, estimated vertical depth of 268 m).Hole KBDD100 intersected additional mineralized intervals including 1.63 g/t Au over 5.9 m from 257 m and 1.61 g/t Au over 5.4 m from 295.6 m.The hole was collared 200 metres south of previously reported hole KBDD098 which also intersected high-grade gold with 173.75 g/t Au over 1.0 metre from 264 m (true width unknown (see news release dated January 7, 2026). Diamond drilling intersected high-grade mineralization in the upper portions of the fresh mineralization, targeting three high-grade zones identified at Boin. Six holes tested the down dip and lateral extensions to high-grade gold mineralization previously identified at Boin in three shoots within the central area of the deposit.KBDD102 intersected 3.22 g/t Au over 17.0 m from 327 m, with a second interval of 1.70 g/t Au over 25.5 m from 285 m.KBDD101 intersected 1.26 g/t Au over 16.0 m from 202 m, including 2.22 g/t Au over 7.0 m from 202 m. Drilling continues to prove out the potential for resource growth at Enchi by defining the higher-grade potential within the deeper fresh mineralization across the Project. To date, Boin has only been tested to an average vertical depth of 100 metres. Diamond drilling reported in this news release targeted mineralization within 200 to 300 vertical metres, reaching a maximum vertical depth of 312 metres.All deposits at Enchi, including Boin, remain open for further expansion to depth. Luke Alexander, President and CEO of Newcore stated, "This set of diamond drill results from our current drill program continues to demonstrate the potential for resource growth to depth and the overall prospectivity of the mineral system at our Enchi Gold Project. With visible gold encountered in drilling for the first time ever at Enchi in hole KBDD100, with 147.5 g/t Au over 1.0 m, this hole was collared 200 metres south of previously reported hole KBDD098 which also intersected high-grade gold with 173.75 g/t Au over 1.0 metre. These results continue to confirm the high-grade potential that exists across our Enchi Gold Project in Ghana. We are excited for an active year ahead as we continue to focus on unlocking shareholder value via the drill bit concurrently with advancement of the development of the Project towards completion of a Pre-Feasibility Study by the end of H1 2026." Greg Smith, VP Exploration of Newcore stated, "We are excited that, for the first time ever, drilling has encountered visible gold on the Project. This set of drill holes tested to depth three high-grade shoots previously identified at Boin, successfully intersecting mineralization and continuing to extend these high-grade shoots down dip. Drilling at Boin targeted mineralization below a vertical depth of 200 metres, intersecting mineralization to a maximum depth of approximately 300 vertical metres. This is the deepest drilling at Boin, with results continuing to prove out our geological model. We are excited to follow-up on these strong results with additional diamond drilling this year, along with completing diamond drilling at the Nyam and Sewum Gold Deposits, as we look to test and prove out the high-grade potential that exists across our Enchi Gold Project." This release reports results for 6