Newcore Gold Announces Upsized $15 Million Bought Deal Financing

Newcore Gold Ltd. has announced an upsized bought deal financing arrangement totaling approximately $15 million. The company entered into an amended agreement with Haywood Securities Inc. and a syndicate of underwriters to purchase 28,310,000 common shares at a price of $0.53 per share. This transaction is expected to generate aggregate gross proceeds of $15,004,300 for the company. The net proceeds from this offering are designated to fund exploration and development activities at Newcore’s Enchi Gold Project located in Ghana, as well as for general corporate and working capital purposes. The offering is being made to purchasers in Canada, excluding Québec, under the listed issuer financing exemption, meaning the shares will not be subject to a hold period. The transaction is subject to customary closing conditions, including regulatory approvals from the TSX Venture Exchange. The closing is anticipated to occur on or around May 28, 2026. The securities have not been registered in the United States and are not available for sale to U.S. persons.