Gold Recoveries In Column Testwork For Sewum And Boin Deposits

VANCOUVER - Newcore Gold Ltd. reported positive results from four column tests completed as part of the ongoing metallurgical program at the Company’s 100%-owned Enchi Gold Project in Ghana. An average gold recovery of 94.7% was achieved from column testwork completed on two composite samples from the Sewum Gold Deposit and two composite samples from the Boin Gold Deposit.

Highlights from Column Test Results: Four Column Tests Completed, Average Gold Recovery of 94.7% Achieved, and a total of four column tests (two from Sewum and two from Boin) returned an average gold recovery of 94.7%, with a recovery range of 91.7% to 97.7%.; Low Reagent Consumption - All samples showed modest cyanide consumption of less than 1 kilogram per tonne ("kg/t"), with a 3 kg/t lime (hydrated) addition to maintain a pH above 10.5.; Further Metallurgical Testwork Ongoing - Another column test is underway on a composite sample from the Kwakyekrom Deposit, and additional bottle rolls and column tests will be completed on samples from each of the four deposits (Sewum, Boin, Nyam, Kwakyekrom) which comprise the Inferred Mineral Resource at Enchi.

Greg Smith, Vice President of Exploration, said, "This first set of column tests completed on material from the Enchi Gold Project returned consistent results with high recoveries for all four composite samples, highlighting the amenability of Enchi to heap leach gold recovery. These samples are representative of the oxide and transitional material from the two largest deposits, Sewum and Boin, which together currently comprise approximately 87% of the Enchi Inferred Mineral Resource Estimate. Further metallurgical testing is ongoing and will include a range of tests designed to further characterize and optimize the potential recoveries at the Project."

The Enchi Gold Project hosts a pit constrained Inferred Mineral Resource of 70.4 million tonnes grading 0.62 g/t Au containing 1.41 million ounces gold. The Mineral resource estimation practices are in accordance with CIM Estimation of Mineral Resource and Mineral Reserve Best Practice Guidelines, and follow CIM Definition Standards for Mineral Resources and Mineral Reserves, that are incorporated by reference into National Instrument 43-101 "NI 43-101).