Drill Program Underway At Enchi Gold Project

VANCOUVER - Newcore Gold Ltd. reported additional drill results from the 66,000 meter drill program underway at the Enchi Gold Project in Ghana. Drilling at the Boin Gold Deposit at Enchi has intersected the highest-grade interval to date of 95.16 grams per tonne gold ("g/t Au") over 2.0 meters ("m") from 109 m in RC hole KBRC250. Drilling also continues to encounter wide zones of mineralization, with results intersecting 1.28 g/t Au over 74.0 m from 121 m in diamond hole KBDD064.

Luke Alexander, President and CEO, said, "The ongoing 66,000 meter drill program continues to deliver strong results, with this set of results encountering the highest-grade gold intercept to date at Enchi with 95.16 g/t Au over 2.0 m from 109 m in shallow sulphide mineralization. These results complement other higher-grade gold mineralization discovered on the Project, with wide zones of gold mineralization encountered that also include a series of higher-grade gold structures. Drilling at Boin continues to highlight the open-ended nature of the deposit, as well as the potential for higher grade sulphide mineralization at depth, which is consistent with our geological model. 90% of the holes drilled to date as part of the current drill program have encountered gold mineralization, with approximately 46,000 meters of the drill program yet to be incorporated into the current 1.41 million ounce Inferred Mineral Resource Estimate, underscoring the resource growth potential across the district scale property."