Leocor Mining Completes Drill Campaign at the Baie Verte Copper-Gold Project, Newfoundland

(TheNewswire)

Vancouver, British Columbia – March 25,2025 – TheNewswire - Leocor Mining Inc. (the“ Company ” or“ Leocor ”) (CSE: LECR, OTCQB: LECRF; Frankfurt: LGO0) (formerly Leocor Gold Inc.), a junior resource company focussed on theexploration and development of precious metals  projects in EasternCanada, ispleased to announce that its recent drill program at the Baie Verteproject (“The Project”) , a 2,002-ha contiguous gold-copper exploration packagelocated on the north central coast of the island of Newfoundland inthe province of Newfoundland and Labrador, Canada, has beencompleted.

Crews from Rally Drilling and Resourceful GeoscienceSolutions have demobilized from the Project site on March18 th after completing 27drillholes totalling 3040.5m at the project’s base metal and goldprospects, Copper Creek and Dorset, respectively.

Drilling at the Copper Creek claims comprised 21diamond drillholes totalling 2308.5 meters. 18 of the 21 Copper Creekdrillholes encountered mineralization interpreted to be chalcopyriteover various lengths and in various visually estimated abundances.Previously disclosed Copper Creek highlights included:

• 43.9m to 46.2m (2.3m length) in hole 25-CC-014containing a visually estimated modal abundance of banded chalcopyriteof 15% with pyrite in visually estimated modal abundances of10%.

• 20m to 33.4m (13.4m drilled length) in hole 25-CC-012 containingblebby chalcopyrite in a visually estimated modal abundance of 1%.

• 133.6m to 138m (4.4m drilled length) in hole 25-CC-007 containingblebby chalcopyrite in a visually estimated modal abundance of 3%.

Holes 25-CC-015, -017, -019 and -020 intersectedintervals of semi-massive pyrite over drilled lengths between 0.2m and2.2m.  Figure 1 below, first released on March 3 rd , illustrates an interval ofsemi-massive pyrite mineralization observed in drill hole25-CC-017.

Click Image To View Full Size

Figure 1 : Hole 25-CC-017 from52.25m to 68.4m. Intervals of Semi-Massive pyrite mineralization areoutlined in red.

The Company awaits assay results from 1671 samples fromCopper Creek drilling.

Drilling at the Dorset gold prospect comprised sixholes totalling 732 meters. Highlights of the Dorset drilling includeintersecting a pyrite mineralized quartz vein with a drilled length of1.1 meters in hole 25-DR-005 (Figure 2).

Click Image To View Full Size

Figure 2 : Hole 25-DR-005 32.0m to49.1m, featuring a 1.1m long pyrite mineralized quartz vein from 36.5mto 37.6m downhole, outlined in red.

The Company awaits assay results from 655 samples ofdrill core from Dorset drillholes.

It is important to note that these are preliminaryobservations, and the true grade and thickness of the mineralizationwill only be determined once assay results are received. Samples ofmineralized intervals are being prepared for geochemical analysis bySGS, a Standards Council of Canada (SCC) accredited laboratory. As ofMarch 21, 2025, the laboratory confirmed 205 samples from Copper Creekare currently being processed, with an estimated date of completionwithin the next four weeks.

Table 1 details drillhole collar information:

Click Image To View Full Size

Figure 3: Location of the Baie Verte Project, NWNewfoundland

For more information regarding Leocor’s Baie VerteProject, including detailed figures, assessment details, and historicdata, please visit our website .

Qualified Person

David Murray, P.Geo., Principal Consultant atResourceful Geoscience Solutions Inc., an Independent Qualified Personwithin the meaning of National Instrument 43-101 Standards ofDisclosure for Minerals Projects, has reviewed and approved thetechnical information presented herein.

About Leocor Mining Inc. (Formerly Leocor Gold Inc.)

Leocor Mining Inc. is a British Columbia-based resourcecompany involved in the acquisition and exploration of precious metalprojects, with a current focus in Atlantic Canada.  Leocor, throughoutright ownership and earn-in agreements, currently controls severalgold-copper projects in prime exploration ground located within theprolific Baie Verte Mining District.  Leocor’s Bae Verte portfolioincludes the Dorset, Dorset Extension, Copper Creek and Five MileBrook projects, creating a contiguous nearly 2,000-hectare explorationcorridor.  The Company also controls district scale land packages inNorth Central Newfoundland, known as Robert’s Arm, Hodge’s Hill,and Leamington, (collectively “Western Exploits”) representingover 144,000 hectares (1,440 square kilometers) of prospectiveexploration ground. For more information, sign up for news alerts ,watch our corporatevideo , or view our presentation at our website .

Contact Information

Leocor Mining Inc.

Alex Klenman, Chief Executive Officer

Email : aklenman@leocorgold.com

Telephone : (604) 970-4330

Neither the Canadian Securities Exchangenor its Regulation Services Provider (as that term is defined in thepolicies of the Canadian Securities Exchange) accepts responsibilityfor the adequacy or accuracy of this release .

Cautionary Statements Regarding Forward-LookingInformation

This press release contains forward-looking informationwithin the meaning of Canadian securities laws. Such informationincludes, without limitation, information regarding the terms andconditions of the Option. Although Leocor believes that suchinformation is reasonable, it can give no assurance that suchexpectations will prove to be correct.

Forward looking information is typically identified bywords such as: “believe”, “expect”, “anticipate”,“intend”, “estimate”, “postulate” and similar expressions,or are those, which, by their nature, refer to future events. Leocorcautions investors that any forward-looking information provided byLeocor is not a guarantee of future results or performance, and thatactual results may differ materially from those in forward lookinginformation as a result of various factors, including, but not limitedto: the agreement of the parties to proceed with the proposedtransaction on the terms set out in the Option Agreements or at all;Leocor's ability to exercise the Options; the state of the financial markets for Leocor's securities; the state ofthe natural resources sector in the event the Option, or any of them,are completed; recent market volatility; circumstances related toCOVID-19; Leocor's ability to raise the necessary capital or to befully able to implement its business strategies; and other risks andfactors that Leocor is unaware of at this time. The reader is referredto Leocor's initial public offering prospectus for a more completediscussion of applicable risk factors and their potential effects,copies of which may be accessed through Leocor’s issuer page onSEDAR at www.sedar.com.

The forward-looking statements contained in this pressrelease are made as of the date of this press release. Leocordisclaims any intention or obligation to update or revise anyforward-looking statements, whether as a result of new information,future events or otherwise, except as required by law.

Copyright (c) 2025 TheNewswire - All rights reserved.