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NCAU.V ·

Newcore Gold Recognized as a 2025 TSX Venture 50 Company

Marketing Announcement

NEWS RELEASE

Suite 1560 - 200 Burrard Street www.newcoregold.com

Vancouver, British Columbia V6C 3L6 [email protected]

Newcore Gold Recognized as a 2025 TSX Venture 50 Company

February 19, 2025 TSX-V: NCAU, OTCQX: NCAUF

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

OTCQX: NCAUF) is pleased to announce that the Company has been recognized as one of the

top 50 performing companies for 2024 on the TSX Venture Exchange ("TSXV").

The TSX Venture 50TM is an annual ranking of the top fifty performing companies from the past

year on TSXV , out of over 1,600 TSXV issuers . The ranking is an equal weighting of each

company’s performance during 2024 across three criteria: market capitalization growth, share

price appreciation and Canadian consolidated trading value.

Luke Alexander, President and CEO of Newcore stated, "We are very proud to have been

recognized as a top performer on the TSXV in 202 4. Our inclusion on the list recognizes our

team’s efforts to date and our strong share price appreciation of 121% in 2024. As we continue

to advance our district scale Enchi Gold Project in Ghana we remain focused on continuing to

build value for all our shareholders and stakeholders."

For further details on the 2025 TSX Venture 50TM visit: https://money.tmx.com/en/venture50.

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 18% equity ownership, and prime district scale

exploration opportunities. Enchi’s 248 km 2 land package covers 40 kilometres of Ghana’s

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

including the Chirano mine 50 kilomet res 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 2023 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

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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.

Cautionary Note Regarding Forward-Looking Statements

This news release includes statements that contain "forward -looking information" within the meaning of

the applicable Canadian securities legislation ("forward -looking statements"). All statements, other than

statements of historical fact, are forward -looking statements and are based on expectations, estimates

and projections as at the date of this news release. Any statement that involves discussion with respect to

predictions, expectations, beliefs, plans, projections, objectives, assumptions, future even ts or

performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget",

"scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including

negative variations) of such words and phras es, or state that certain actions, events or results "may",

"could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact

and may be forward-looking statements. In this news release, forward -looking statements relate, among

other things, to: statements about the estimation of mineral resources; results of preliminary economic

assessments; completion of a pre-feasibility study; results of metallurgical testwork; results of our ongoing

drill campaign; results of drilling, magnitude or quality of mineral deposits; anticipated advancement of

mineral properties or programs; and future exploration prospects.

These forward-looking statements, and any assumptions upon which they are based, are made in good

faith and reflect our current judgment regarding the direction of our business. The assumptions

underlying the forward -looking statements are based on informa tion currently available to Newcore.

Although the forward -looking statements contained in this news release are based upon what

management of Newcore believes, or believed at the time, to be reasonable assumptions, Newcore

cannot assure its shareholders that actual results will be consistent with such forward-looking statements,

as there may be other factors that cause results not to be as anticipated, estimated or intended. Forward-

looking information also involves known and unknown risks, uncertainties an d other factors which may

cause the actual results, performance or achievements of the Company to be materially different from

any future results, performance or achievements expressed or implied by the forward -looking

information. Such factors include, am ong others: risks related to the speculative nature of Newcore’s

business; Newcore’s formative stage of development; Newcore’s financial position; possible variations in

mineralization, grade or recovery rates; actual results of current exploration activities; fluctuations in

general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward

prices of gold and other commodities; fluctuations in c urrency markets (such as the Canadian dollar to

United States dollar exchange rate); change in national and local government, legislation, taxation,

controls, regulations and political or economic developments; risks and hazards associated with the

business of mineral exploration, development and mining (including environmental haz ards, unusual or

unexpected geological formations); the presence of laws and regulations that may impose restrictions on

mining; employee relations; relationships with and claims by local communities; the speculative nature

of mineral exploration and development (including the risks of obtaining necessary licenses, permits and

approvals from government authorities); and title to properties.

Forward-looking statements contained herein are made as of the date of this news release and Newcore

disclaims any obligation to update any forward -looking statements, whether as a result of new

information, future events or results, except as may be required by applicable securities laws. There can

be no assurance that forward -looking information will pr ove to be accurate, as actual results and future

events could differ materially from those anticipated in such statements. Accordingly, readers should not

place undue reliance on forward-looking information.