Goldcore Resources Ltd. - Private Placement Closes to raise $1,500,000 – FULLY SUBSCRIBED ($1,500,000 Hard Dollars)

TSX-V: GEM

#1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6

Phone: (604) 343-7740

Website: www.goldcoreresources.com

January 13, 2021 TSX-V SYMBOL: GEM

Goldcore Resources Ltd. - Private Placement Closes to raise $1,500,000 – FULLY SUBSCRIBED

($1,500,000 Hard Dollars)

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DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR

INTO THE UNITED STATES.

PRIVATE PLACEMENT CLOSES

Goldcore Resources Ltd. (“Goldcore” or “the Company” ) (TSX-V: GEM) announces it has closed its private

placement in two tranches to raise total proceeds of $1,500,000. A total of 15,000,000 units (the “Units”) have been

subscribed for at a price of $0.10 per Unit, each Unit consisting of one (1) common share and one warrant exerciseable

for two years at $0.20. The term of the warrants issued may be accelerated by the Company in the event th at the

Company’s shares trade at or above $0.25 cents for a period of 10 consecutive days. In such case of accelerated

warrants, the Company may give notice, in writing or by way of news release, to the holders that the warrants will

expire 30 days from the date of providing such notice. The 1 st tranche as to 11,083,000 units ($1,108,300) were

issued December 15, 2020 with a hold period expiring April 16, 2021. The 2nd tranche as to 3,917,000 units ($391,700)

have been issued and are subject to a four-month plus one day hold period expiring May 14, 2021.

Insiders participated in the 1st tranche of the private placement as to 900,000 Units ($90,000). This participation

constitutes a “related party transaction” within the meaning of Multilateral Instrument 61‐ 101 Protection of Minority

Security Holders in Special Transactions (“MI 61‐101”), however it is exempt from the valuation and minority

shareholder approval requirements of MI 61‐101 by virtue of the exemptions contained in Sections 5.5(a) and 5.7(a)

of MI 61‐101, in that the fair market value of the shares purchased by the insiders does not exceed 25% of the

Company’s market capitalization and the Company’s shares are listed on the TSX Venture Exchange.

The Company has paid cash commissions of $25,200, issued 136,000 compensation shares and 116,000 finder

warrants all in the 1st tranche and has agreed to pay cash commission of $13,776 and 137,760 finder warrants in the

2nd tranche.

Proceeds of the private placement will be used for working capital and continued exploration on the Company’s

properties.

ON BEHALF OF THE BOARD

Thomas Yingling,

President and Director

Disclaimer for Forward-Looking Information:

Certain statements in this release are forward -looking statements which reflect the expectations of management. Forward-looking statements

consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the

future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ m aterially

from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will

occur or, if they do occur, what benefits the Company will obtain from them. These forward -looking statements reflect management's current

views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts

responsibility for the adequacy or accuracy of this release .