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Newcore Gold Announces Director Resignation

Management Changes

NEWS RELEASE

Suite 1560 - 200 Burrard Street www.newcoregold.com

Vancouver, British Columbia V6C 3L6 [email protected]

Newcore Gold Announces Director Resignation

August 10, 2023 TSX-V: NCAU, OTCQX: NCAUF

Vancouver, BC – Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU,

OTCQX: NCAUF) announces today that Mr. Edward Farrauto has tendered his resignation as

a director of the Company , effective immediately , to focus on his other professional

commitments. Mr. Farrauto has been a director of the Company since January 18, 2010.

Doug Forster, Chairman of Newcore stated, "We would like to thank Ed for his valuable

contributions as a director to the company throughout his tenure . On behalf of the Board of

Directors and management, I wish him all the best with his future endeavours and look forward

to his continued support as a shareholder."

About Newcore Gold Ltd.

Newcore Gold is advancing its Enchi Gold Project located in Ghana, Africa’s largest gold

producer (1). Newcore Gold offers investors a unique combination of top -tier leadership, who

are aligned with shareholders through their 20% equity ownership, and prime district scale

exploration opportunities. Enchi’s 216 km 2 land package covers 40 kilometres of Ghan a’s

prolific Bibiani Shear Zone, a gold belt which hosts several 5 million -ounce gold deposits,

including the Chirano mine 50 kilometers to the north. Newcore’s vision is to build a

responsive, creative and powerful gold enterprise that maximizes returns for shareholders.

(1) Source: Production volumes for 2022 as sourced from the World Gold Council

On Behalf of the Board of Directors of Newcore Gold Ltd.

Luke Alexander

President, CEO & Director

For further information, please contact:

Mal Karwowska | Vice President, Corporate Development and Investor Relations

+1 604 484 4399

[email protected]

www.newcoregold.com

Neither the 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.