Newcore Gold Ltd.

Newcore Gold Ltd. (TSX-V: NCAU, OTCQX: NCAUF) is advancing its Enchi Gold Project in southwest Ghana. The project’s 248 sq km land package covers 40 kms of Ghana’s Bibiani Shear Zone, a gold belt which hosts several large, multi-million-ounce gold mines. A PEA completed in 2024 combined with the commissioning of a PFS in early 2026, highlighted the robust economics of developing an open pit, Carbon-in-Leach (“CIL”) mine at Enchi, with low capital intensity and strong leverage to the gold price. Enchi’s longer-term potential benefits from the district-scale exploration opportunity that is largely underexplored to date with both resource growth potential along strike and at depth. A 60,000 metre drill program is well underway at Enchi focused on resource growth and infill drilling, along with exploration drilling to define the longer-term resource growth potential across the district scale property. Infill and resource growth drilling improved the confidence level of the Enchi deposit, resulting in an updated Mineral Resource Estimate effective March 18, 2026. Newcore’s top-tier leadership is aligned with shareholders through their 13% equity ownership and is backed by one of the strongest boards in the sector. Our vision is to build a responsive, creative and powerful gold enterprise that maximizes returns for shareholders.

Management Profile

Luke Alexander, President, CEO & Director

Mr. Alexander joined Newcore Gold as President, CEO & Director in May 2020. He brings extensive resource sector experience, knowledge and contacts to Newcore, particularly in West Africa. He has raised billions of dollars and structured deals for major mining companies while advising some of the world’s top institutional investment funds. Mr. Alexander began his investment banking career in the private client group at BMO Nesbitt Burns in Toronto, then started up an equity trading desk for Toronto Dominion in London before doing the same for National Bank. In 2008, he became senior partner at GMP Securities in London. Throughout his investment banking career, he helped fund many major resource projects in West Africa. In 2018, Mr. Alexander founded Park Road Capital, a Vancouver-based, natural resource focused consulting company where he focused on leveraging his investment banking expertise.

Mal Karwowska, VP, Corporate Development & IR

Ms. Karwowska has over 15 years of experience in the mining sector, spanning both corporate development and investor relations roles within publicly listed mining companies, as well as corporate finance and principal investing. She spent the first five years of her career in investment banking, focused on the mining sector, before transitioning to investment roles for mining focused funds. Her most recent experience also includes working with corporates in a business development and investor relations capacity. She holds a Bachelor of Commerce in Finance and Accounting from the Sauder School of Business at the University of British Columbia.

What is your rationale for taking part in 121 Mining Investment?

Focused on meeting equity investors who are looking to buy on-market. Looking to meet with new investors as well as with existing shareholders to provide an update on recent developments at our Enchi Gold Project, including results from the drilling underway at the Project.

What recent news would you like to highlight to investors attending?

• March 18, 2026: Newcore Announces Updated Mineral Resource Estimate for the Enchi Gold Project, Ghana
• March 12, 2026: Newcore Increases Drill Program to 60,000 Metres at the Enchi Gold Project, Ghana
• March 2, 2026: Newcore Announces Proceeds of $10.3 Million From Warrant Exercises
• February 5, 2026: Newcore Commissions Pre-Feasibility Study for its Enchi Gold Project, Ghana
• January 21, 2026: Newcore Gold Diamond Drilling Intersects First Visible Gold, High-Grade Gold Mineralization with 147.5 g/t Gold over 1.0 Metre and 3.22 g/t Gold over 17.0 Metres, at the Enchi Gold Project, Ghana
• January 7, 2026: 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, Ghana
• See Details: https://newcoregold.com/news/

What are your key goals for the next 3, 6 and 12 months?

3 to 6 Months

Continue to advance the development of the Enchi Gold Project in Ghana by defining the longer-term growth potential with the high-grade structures that extend at depth. The Company will focus on resource growth with an expanded 60,000 metre drill program and three drill rigs active on site. The first phase of the drill program delivered strong results targeting shallow gold mineralization, highlighting strong continuity and wide zones of mineralization within the first 100 vertical metres. With the program now in its second phase, targeting mineralization below a vertical depth of 200 metres, the Company will build on the exciting first diamond drill results as it proves out the higher-grade potential at depth.

In addition to drilling, development work in support of advancing the Enchi Gold Project continues with a Pre-Feasibility Study targeted for completion by the end of June 2026. Further work is underway to advance the technical merits of the project, including metallurgical testwork, hydrogeological testing, geotechnical work and environmental work.

12 Months

Continue to unlock the significant value of our Enchi Gold Project by advancing the district scale exploration opportunity in tandem with advancing the development of the project.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Informing potential investors why Ghana is a top-tier jurisdiction, especially relative to its neighbours in West Africa. We overcome this by continuing to highlight the benefits of Ghana as a gold mining jurisdiction.

What do you think makes your company such a compelling investment?

Team, Asset, and Capital Markets Support. We have a top-tier team with a track-record of creating value for stakeholders, and a team that has strong alignment with its shareholders through 13% equity ownership. We have an asset with significant potential given the district scale opportunity and one that is underpinned by robust economics outlined in a 2024 PEA . We have strong capital markets support with ~55% institutional ownership.

What are the top 3 key investor takeaways?

1. Top-Tier Team – Successful track record, aligned with shareholders.
2. World Class Asset – Robust PEA and commissioned PFS which is expected to be completed in June 2026, highlight the development potential for a simple, open pit, Carbon-in-Leach (“CIL”) processing flowsheet.
3. Golden Ghana – District scale exploration opportunity located on a prolific belt that hosts multi-million-ounce gold mines.