Newcore Gold Diamond Drilling Intersects High-Grade Gold Mineralization with 174 g/t Gold over 1.0 Metre and 3.54 g/t Gold over 23.0 Metres, at the Enchi Gold Project, GhanaFirst Results from Diamond Drilling Intersect High-Grade Gold Mineralization at the Boin Gold Deposit, Highlighting Potential for Resource Growth at Depth VANCOUVER, British Columbia, Jan. 07, 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 KBDD098 which intersected 173.75 grams per tonne gold ("g/t Au") over 1.0 metre ("m") from 264 m (true width unknown). Hole KBDD097 also returned high-grade gold in the fresh mineralization, intersecting 3.54 g/t Au over 23.0 m from 253 m, with a higher-grade interval of 6.92 g/t Au over 8.0 m from 256 m. This news release reports results for the first 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 Diamond drilling targeted the gold mineralized structure at depth, intersecting high-grade intercepts in the fresh mineralization. KBDD098 intersected 173.75 g/t Au over 1.0 m from 264 m (true width unknown).KBDD097 intersected 3.54 g/t Au over 23.0 m from 253 m, with a higher-grade interval of 6.92 g/t Au over 8.0 m from 256 m.KBDD088 intersected 2.03 g/t Au over 16.5 m from 190 m, including a higher-grade interval of 3.90 g/t Au over 4.0 m from 195 m. Diamond drilling targeted two high-grade zones identified at Boin. Five holes tested the down dip and lateral extensions to high-grade gold mineralization previously identified at Boin in two shoots within the central area of the deposit.To date, Boin has only been tested to an average vertical depth of 100 metres. Results reported in this news release focused on drilling mineralization to depth with drilling targeting mineralization within 200 to 300 vertical metres.All deposits at Enchi, including Boin, remain open for further expansion to depth. 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. Drilling continues to demonstrate the continuity of gold mineralization and potential for resource expansion at Enchi. Luke Alexander, President and CEO of Newcore stated, "We are pleased to report the first set of results from our ongoing drilling program at Enchi, with diamond drilling targeting fresh mineralization successfully intersecting high-grade gold mineralization at depth. These results include the deepest drilling completed to date at Enchi, with diamond drilling targeting and intersecting gold mineralization within a vertical depth of 200 to 300 metres and confirming that the Boin deposit remains open at depth. These results continue to showcase the high-grade potential of the project with diamond drill hole KBRC098 delivering one of the strongest high-grade intercepts encountered on the project to date when calculated on a gram-by-metre basis, further highlighting the high-grade potential at Enchi. With drilling now focused on testing depth extensions, we believe these results represent an important step toward unlocking the longer-term growth potential of Enchi. Given that neighbouring deposits located along the Sefwi-Bibiani belt, including Newmont’s Ahafo Mine and Asante Gold’s Bibiani and Chirano mines, are mineralized to significantly greater vertical depths, we believe Enchi remains underexplored and offers substantial upside across our district scale property." Greg Smith, VP Exploration of Newcore stated, "These initial set of diamond drill results from the ongoing drill program at our Enchi Gold Project continue to prove our geological model which supports the potential for resource growth driven by higher-grade mineralization at depth. Drilling completed targeted two areas at Boin believed to have potential for high-grade shoots based on the results from earlier drilling. The successful intersection of mineralization within these identified areas reinforces our confidence in the model and the prospectivity of the system. As drilling progresses, we look forward to continuing to drill at depth to advance our understanding of the scale, continuity and longer-term growth potential that we believe exists at Enchi." This release reports results for 5 DD holes totalling 1,699 m (KBDD088, KBDD095 to KBDD098) targeting the Boin Gold Deposit, with all holes intersecting gold mineralization. A total of 31,189 m in 242 holes has been rep