Leocor Mining Updates Current Drill Program at the Copper-Gold Baie Verte Project in Newfoundland

(TheNewswire)

• 13 completed, drilling isongoing

Vancouver, BritishColumbia – TheNewswire - February 20, 2025 - 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 gold-copper projects in Eastern Canada,is pleased t oprovide an update on the ongoing drill program at the Baie Verteproject, a 2,002-ha contiguous exploration package located on thenorth central coast of the island of Newfoundland in the province ofNewfoundland and Labrador, Canada.

Crews continue drilling on the 13th of 19planned holes of the campaign at the Baie Verte project’s CopperCreek prospect.  Following the previously reported occurrences ofbelieved chalcopyrite mineralization in holes 25-CC-001 and 25-CC-002,8 of the subsequent 11 drillholes have also encountered mineralizationinterpreted to be chalcopyrite over various lengths and in variousvisually estimated abundances. Highlights are described in furtherdetail below.

Hole 25-CC-005 intersected intermittent intervals ofinterpreted chalcopyrite in association with other sulphide mineralsbetween 5.3m and 40.4m downhole. Mineralized intervals range between0.4m to 3.8m in drilled length and contain interpretedchalcopyrite in visually estimated modal abundances of 0.1% (trace)to 2%. The hole’s most significant interval, with respect toestimated chalcopyrite abundance, 31.4m to 33.4m (2m length) containeda visually estimated modal abundance of blebby chalcopyrite of2%.

Hole 25-CC-007 intersected intermittent intervals ofinterpreted chalcopyrite in association with other sulphide mineralsbetween 100.6m and 162.4m downhole. Mineralized intervals rangebetween 0.1m to 10.8m in drilled length and contain interpretedchalcopyrite in visually estimated modal abundances of 0.1% (trace)to 3%. The hole’s most significant interval, with respect toestimated chalcopyrite abundance, 133.6m to 138m (4.4m length)contained a visually estimated modal abundance of blebby chalcopyriteof 3%.

Hole 25-CC-010 intersected intermittent intervals ofinterpreted chalcopyrite in association with other sulphide mineralsbetween 11.5m and 22.0m downhole. Mineralized intervals range between1.1m to 2.9m in drilled length and contain interpretedchalcopyrite in visually estimated modal abundances of 0.1% (trace)to 3%. The hole’s most significant interval, with respect toestimated chalcopyrite abundance, 20.0m to 22.0m (2m length) containeda visually estimated modal abundance of blebby chalcopyrite of3%.

Holes 25-CC-006, 009, and 011 also intersectedmineralization believed to be chalcopyrite but not in estimatedabundances or drilled lengths deemed to be significant at thistime.

Additional information pertaining to holes 25-CC-012and 25-CC-013 will be provided after detailed logging.

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, an accredited laboratory, and the Company expects to receiveresults within four weeks.

Table 1 details drillhole collar information. Collarcoordinates may be planned, or spot locations as final location surveyare not complete for all holes.

Drilling crews continue to build trails and level drillpads in Copper Creek. Before mobilizing equipment to prepare planneddrilling at the company’s Dorset prospect. Exploring goldmineralization targets defined by anomalous surface geochemistry,ground magnetometer survey interpretation and the company’s previoustrenching results reported (see Company News Releases www.leocormining.com/news ).

Drill Hole Targeting

Multiple drill holes at Copper Creek are targetingareas of known mineralization identified in 2022 Rab drilling as wellas previously mapped structures displaying hydrothermal alteration andanomalous base and precious metal geochemistry from soil and rock sampling.  At the Dorset claim, drillingtargets are concentrated in areas where the Company intersectedsignificant gold results during its 2022 RAB drilling campaign detailed the company’s September 19, 2023 news release .The drill program is being conducted under the supervision of DavidMurray, P. Geo, president of Resourceful Geosciences. The Company willprovide an update early next week.

The Dorset project is prospective for additional goldoccurrences and the 2025 program will be designed to test some of thepriority zones within a prominent 1 x 2 km gold-in-soil anomalydelineated by Leocor in 2022.

Click Image To View Full Size

Figure 1: Location of the Baie VerteProject, NW Newfoundland

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 CanadianSecurities Exchange nor its Regulation Services Provider (as that termis defined in the policies of the Canadian Securities Exchange)accepts responsibility for the adequacy or accuracy of thisrelease .

Cautionary Statements RegardingForward-Looking Information

This press release containsforward-looking information within the meaning of Canadian securitieslaws. Such information includes, without limitation, informationregarding the terms and conditions of the Option. Although Leocorbelieves that such information is reasonable, it can give no assurancethat such expectations will prove to be correct.

Forward looking information istypically identified by words such as: “believe”, “expect”,“anticipate”, “intend”, “estimate”, “postulate” andsimilar expressions, or are those, which, by their nature, refer tofuture events. Leocor cautions investors that any forward-lookinginformation provided by Leocor is not a guarantee of future results orperformance, and that actual results may differ materially from thosein forward looking information as a result of various factors,including, but not limited to: the agreement of the parties to proceedwith the proposed transaction on the terms set out in the OptionAgreements or at all; Leocor's ability to exercise the Options; thestate 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 marketvolatility; circumstances related to COVID-19; Leocor's ability toraise the necessary capital or to be fully able to implement itsbusiness strategies; and other risks and factors that Leocor isunaware of at this time. The reader is referred to Leocor's initialpublic offering prospectus for a more complete discussion ofapplicable risk factors and their potential effects, copies of whichmay be accessed through Leocor’s issuer page on SEDAR atwww.sedar.com.

The forward-looking statementscontained in this press release are made as of the date of this pressrelease. Leocor disclaims any intention or obligation to update orrevise any forward-looking statements, whether as a result of newinformation, future events or otherwise, except as required bylaw.

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