NCAU.V · 2021-08-13 12:00:00

Mr. Johnson’s interest in the common shares of the Company (the “Shares”) was diluted from 10.80% to 9.14% of the Company’s issued and outstanding Shares. Prior to the Offering, Mr. Johnson held an aggregate of 10,812,125 Shares which represented 10.80%

Corporate Updates

{D0267862:2}

PRESS RELEASE FOR EARLY WARNING REPORT REGARDING

NEWCORE GOLD LTD.

Vancouver, British Columbia – August 13, 2021. Blayne Johnson announces that on August 4, 2021,

in connection with the completion of Newcore Gold Ltd. ’s (the “ Company”) bought deal public

offering (the “Offering”), as previously detailed in the Company’s news release dated August 4, 2021,

Mr. Johnson’s interest in the common shares of the Company (the “Shares”) was diluted from 10.80%

to 9.14% of the Company’s issued and outstanding Shares.

Prior to the Offering, Mr. Johnson held an aggregate of 10,812,125 Shares which represented 10.80%

of the Company’s issued and outstanding Shares. Following the Offering Mr. Johnson’s shareholdings

now represent 9.14% of the Company’s issued and outstanding Shares. Mr. Johnson intends to

evaluate his investment in the Company and to increase or decrease his beneficial shareholdings from

time to time as he may determine appropriate for investment purposes.

A copy of the early warning report can be found on the Company's SEDAR profile at www.SEDAR.com.

For more information, or to obtain a copy of the early warning report, please contact:

Blayne Johnson