Newcore Gold Ltd.

Newcore Gold Ltd. is advancing the Enchi Gold Project in southwest Ghana. The project’s 248 sq km land package covers 40 kms of Ghana’s Bibiani Shear Zone, a gold belt which hosts several large, multi-million-ounce gold mines. Enchi is underpinned by a Pre-Feasibility Study completed in June 2026. Enchi’s longer-term potential benefits from the district-scale exploration opportunity that is largely underexplored to date with resource growth potential along strike and at depth. Newcore’s experienced leadership is aligned with shareholders through their 12% equity ownership, and the Company has strong institutional investor support with ~55% ownership. An 80,000-metre drill program is underway with a focus on resource conversion and growth.

Management Profile:
Luke Alexander, President, CEO & Director
Mr. Alexander joined Newcore Gold as President, CEO & Director in May 2020. He brings extensive resource sector experience, knowledge and contacts to Newcore, particularly in West Africa. He has raised billions of dollars and structured deals for major mining companies while advising some of the world’s top institutional investment funds. Mr. Alexander began his investment banking career in the private client group at BMO Nesbitt Burns in Toronto, then started up an equity trading desk for Toronto Dominion in London before doing the same for National Bank. In 2008, he became senior partner at GMP Securities in London. Throughout his investment banking career, he helped fund many major resource projects in West Africa. In 2018, Mr. Alexander founded Park Road Capital, a Vancouver-based, natural resource focused consulting company where he focused on leveraging his investment banking expertise.

Mal Karwowska, SVP, Corporate Development & IR
Ms. Karwowska joined Newcore Gold in September 2020. She has 18 years of experience in the mining sector, spanning both corporate development and investor relations roles within publicly listed mining companies, as well as corporate finance and principal investing. She spent the first five years of her career in investment banking, focused on the mining sector, before transitioning to investment roles for mining focused funds. Her most recent experience also includes working with corporates in a business development and investor relations capacity. She holds a Bachelor of Commerce in Finance and Accounting from the Sauder School of Business at the University of British Columbia.

What are your key goals for the next 3 months?:
Continue to advance the development of the Enchi Gold Project in Ghana with a focus on drilling and continued development work. An 80,000-metre drill program is underway at Enchi focused on resource conversion and growth, as well as defining the higher-grade potential at depth.

What are your key goals for the next 6 months?:
Continue to advance the de-risk the development of the Enchi Gold Project in Ghana, while highlighting the longer-term growth potential of the district-scale Project. This will include continued drilling, as well as de-risking of the technical merits of the project with further metallurgical testwork, hydrogeological and geotechnical work, as well as a potential resource update.

What are your key goals for the next 12 months?:
Continue to unlock the significant value of our Enchi Gold Project by advancing the district scale exploration opportunity in tandem with advancing the development of the project.

What do you think makes your company such a compelling investment?:
Team, Asset, and Capital Markets Support. We have a top-tier team with a track-record of creating value for stakeholders, and a team that has strong alignment with its shareholders through 12% equity ownership. We have an asset with significant potential given the district scale opportunity and one that is underpinned by robust economics outlined in a Pre-Feasibility Study. We have strong capital markets support with ~55% institutional ownership.