Drilling Intersection At The Enchi Gold Project

VANCOUVER - Newcore Gold Ltd. reported additional drill results from the 58,000 meter drill program underway at the Company’s 100% owned Enchi Gold Project in Ghana. Drilling has intersected 0.82 grams per tonne gold ("g/t Au") over 103.0 metres ("m") from 61 m at the Sewum Gold Deposit, with these results continuing to expand the gold mineralization outside of the current resource. Newcore is also pleased to announce additional results from drilling at the Kwakyekrom Gold Target, including 0.79 g/t Au over 53.0 m from surface. These latest results have extended the strike extent at Kwakyekrom to 650 meters, remaining open in both directions. Kwakyekrom is one of the most advanced exploration targets at Enchi with no currently defined gold resource.

Highlights: Drilling at Sewum has encountered mineralization outside of the current resource: Hole SWRC093 intersected 0.82 g/t Au over 103.0 m from 61 m to 164 m (sulphide zone), and Hole SWRC094 intersected 1.26 g/t Au over 16.0 m from 115 m to 131 m (sulphide zone).

Drill results from Kwakyekrom continue to intersect strong gold mineralization, supporting the potential to define additional resources at Enchi. Results include: Hole KKRC041 intersected 0.79 g/t Au over 53.0 m from surface to 53 m (oxide zone), and Hole KKRC038 intersected 1.44 g/t Au over 17.0 m from 153 m to 170 m (sulphide zone). Drilling on the Project continues with four rigs currently on site, and one additional rig anticipated to be on-site by the end of this month.

Luke Alexander, President & CEO, said, "The 58,000 meter resource expansion and discovery drilling program that is underway at our Enchi Gold Project in Ghana continues to deliver strong results. Step-out drilling at Sewum has intersected mineralization outside of the resource pit shells, indicating strong potential for resource growth. Sewum is currently the largest contributor to our mineral resources at Enchi. We are also very excited with the results achieved from drilling at Kwakyekrom to date. Kwakyekrom is one of our most advanced exploration targets on the Project and sits outside of the defined resource. With approximately 35% of the drill results reported to date, we look forward to confirming the potential to grow the resource at Enchi by both proving out further resource potential at existing deposits and also defining further zones across the district scale property."