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Newcore Gold Announces Results from Annual General Meeting

Shareholder Meetings

NEWS RELEASE

Suite 1560 - 200 Burrard Street www.newcoregold.com

Vancouver, British Columbia V6C 3L6 [email protected]

Newcore Gold Announces Results from Annual General Meeting

July 19, 2023 TSX-V: NCAU, OTCQX: NCAUF

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

OTCQX: NCAUF) is pleased to report the voting results from its Annual General Meeting of

Shareholders held on July 19, 2023. Shareholders voted in favour of all resolutions set out in

the Company’s Notice of Meeting and Information Circular, dated June 15, 2023.

Shareholders voted in favour of s etting the number of directors at nine and the following

incumbent directors were re-elected as directors for the ensuing year: Douglas B. Forster,

Blayne Johnson, Luke Alexander, Omaya Elguindi, Edward Farrauto, Douglas Hurst, Ryan King,

George Salamis, and Michael Vint. The shareholders also approved the reappointment of

PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company for the

ensuing year at a remuneration to be fixed by the directors. A total of 61,206,747 common

shares were voted, representing 44% of the Company’s total shares issued and outstanding as

at the record date of the meeting.

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 21% 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.