Leocor Mining Announces Private Placement

(TheNewswire)VANCOUVER, British Columbia (March17, 2026) — TheNewswire- Leocor Mining Inc.(CSE: LECR, OTCQB: LECRF, Frankfurt:LGO0) (“Leocor” or the “Company”) (formerlyLeocor Gold Inc.) is pleased to announce a non-brokered privateplacement financing of up to 80,000,000 units at a price of $0.05 perunit (a “Unit”) for gross proceeds of up to $4,000,000 (the“PrivatePlacement”). Each Unit will consist of onecommon share of the Company (a “Common Share”) andone Common Share purchase warrant (a “Warrant”), witheach Warrant exercisable to purchase one additional Common Share for aperiod of 3 years from the date of closing at an exercise price of$0.10.The Company expects to utilize net proceeds from thePrivate Placement to exercise certain convertible securities ofIntrepid Metals Corp. held by the Company and for general workingcapital purposes.In connection with completion of the Private Placement,the Company may pay finders’ fees to eligible third-parties who haveintroduced subscribers to the Private Placement. All securitiesissued in connection with the Private Placement will be subject torestrictions on resale for a period of four-months-and-one-day inaccordance with applicable securities laws. Completion of the PrivatePlacement remains subject to receipt of regulatory approvals.About Leocor Mining 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 ~2,000-hectare explorationcorridor. For more information, sign up for news alerts,watch our corporatevideo, or view our presentation at ourwebsite.Contact InformationLeocor Mining Inc.Alex Klenman, Chief Executive OfficerEmail: aklenman@leocorgold.com Telephone: (604) 970-4330Neither 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.This news release does notconstitute an offer to sell or a solicitation of an offer to buy norshall there be any sale of any of the securities in any jurisdictionin which such offer, solicitation or sale would be unlawful, includingany of the securities in the United States of America. The securitieshave not been and will not be registered under the United StatesSecurities Act of 1933, as amended (the “1933 Act”) or any statesecurities laws and may not be offered or sold within the UnitedStates or to, or for account or benefit of, U.S. Persons (as definedin Regulation S under the 1933 Act) unless registered under the 1933Act and applicable state securities laws, or an exemption from suchregistration requirements is available.This news release includes certain“forward-looking statements” under applicable Canadian securitieslegislation. Forward-looking statements include, but are not limitedto, statements with respect to the intended use of proceeds from thePrivate Placement; and closing of the Private Placement.Forward-looking statements are necessarily based upon a number ofestimates and assumptions that, while considered reasonable, aresubject to known and unknown risks, uncertainties, and other factorswhich may cause the actual results and future events to differmaterially from those expressed or implied by such forward-lookingstatements. Such factors include, but are not limited to generalbusiness, economic, competitive, political and social uncertainties,uncertain capital markets; and delay or failure to receive board orregulatory approvals. There can be no assurance that suchforward-looking statements will prove to be accurate, as actualresults and future events could differ materially from thoseanticipated in such statements. Accordingly, readers should not placeundue reliance on forward-looking statements. The Company disclaimsany intention or obligation to update or revise any forward-lookingstatements, whether as a result of new information, future events orotherwise, except as required by law.NOT FOR DISTRIBUTION TO UNITEDSTATES WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESCopyright (c) 2026 TheNewswire - All rights reserved.