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LECR.CN ·

Leocor appoints Newman Wayne Reid to the board of directors.

Management Changes

Leocor Ventures Inc.

Suite 303, 750 West Pender Street

Vancouver, BC V6C 2T7

LEOCOR APPOINTS NEWMAN WAYNE REID TO THE

BOARD OF DIRECTORS

Vancouver, British Columbia – July 10, 2020 – Leocor Ventures Inc. (the "Company" or "Leocor")

(CSE: LECR) is pleased to announce that the Company’s Board of Directors (the “ Board”) has

approved the appointment of Newman Wayne Reid to serve on the Board effective July 8, 2020.

The new appointment follows the resignation of Charanjit Hayre, a Director of the Company since

August 20, 2018.

Mr. Reid has over 40 years of experience in exploration and mining geology, spanning a variety of

geological terrains, from Newfoundland to Northern B.C. and Alaska. He has held senior positions

with various public companies and projects in the business of mining and exploration, including

Noranda Inc., Hemlo Gold Mines, Echo Bay Mines Ltd. and St. Andrew Goldfields Ltd. Mr. Reid was

part of the team involved in the discovery of the Brewery Creek Gold Deposit in Yukon Territory and

the Boundary Massive Sulphide Deposit / Duck Pond Mine in Central Newfoundland. His experience

includes gold, base metal and uranium/REE exploration in most geological environments in North

America. He has over 20 years w ith the Noranda / Hemlo group in the capacity of District and

Regional manager in a number of areas across Canada. He has over 10 years of experience in the

Timmins camp with Echo Bay Mines, as Canadian Manager , and with St. Andrew Goldfields, as

Exploration Manager.

“We’re pleased to add Wayne to the team,” said CEO, Alex Klenman. “His experience brings even

more critical, technical knowledge to the Company. He has a proven history of success, particularly

in Newfoundland. His presence will impact the development of our Dorset project, which we’re

extremely focused on at the moment. Wayne’s addition makes an already strong team stronger;

I’m looking forward to the months ahead for Leocor,” continued Mr. Klenman.

Mr. Reid holds a BSc. in Geology from Memorial University in Newfoundland and has a Professional

Geologist designation from Professional Engineers and Geoscientists – Newfoundland and Labrador.

He has been a director and senior officer with a number of junior explora tion companies and is

currently serving as a director of Manning Ventures Inc. (CSE:MANN) and Metals Creek Resources

Corp. (TSXV:MEK) and as Vice President of Exploration of Quadro Resources Ltd. (TSXV:QRO).

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About Leocor Ventures Inc.

Leocor is a British Columbia-based company involved in the acquisition and exploration of precious

metal projects, with a focus in Canada. Leocor is a reporting issuer in British Columbia, Alberta and

Ontario, and has its common shares listed for trading on the Canadian Securities Exchange under

the symbol " LECR". Leocor has an option agreement with Nexus Gold Corp. on the Dorset Gold

Project in the Province of Newfoundland and Labrador, pursuant to which Leocor has the option to

acquire a 100% interest in the Dorset Gold Project on the terms and conditions set out therein. The

Dorset Gold Project is subject to a 2% net smelter returns royalty on commercial production.

Contact Information

Leocor Ventures Inc.

Zula Kropivnitski, Chief Financial Officer

Email: [email protected]

Telephone: (604) 681-0084

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined

in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or

accuracy of this release.