Newcore Gold Commissions Updated Preliminary Economic Assessment Study for the Enchi Gold Project, Ghana - Seite 2

Qualified Person

Mr. Gregory Smith, P. Geo, Vice President of Exploration at Newcore, is a Qualified Person as defined by NI 43-101, and has reviewed and approved the technical data and information contained in this news release.

About Lycopodium

Lycopodium brings extensive studies and project delivery experience in gold mineral processing plants in West Africa, including Ghana. Over the past 25+ years they have participated or delivered over 30 greenfield projects in West Africa, and 13 within Ghana. Lycopodium have an established office in Accra and are currently participating in a similar greenfield gold project, located approximately 200 kilometres north of Newcore’s Enchi Gold Project. Through their long-term and current project experience Lycopodium have developed extensive knowledge of Ghanian and West African suppliers and contractors, as well as local capital and operating costs. Lycopodium has a demonstrated track record for the development and delivery of value-optimised, fit-for-purpose, fast to ramp up and easy to operate mineral processing plant projects, delivered in a timely manner.

About Micon International Limited

Micon International Limited is an independent firm of senior geologists, mining engineers, and metallurgists headquartered in Toronto, Ontario, Canada. Micon also maintains a fully integrated office in Norwich, United Kingdom, as well as retaining full-time consultants based in other locations within the UK and France. Micon’s professional staff have extensive experience in the mining industry with both mining companies and leading consultancy firms. Since 1988, Micon has offered a broad range of consulting services to clients involved in the mineral industry. The firm maintains a substantial practice in the geological assessment of prospective properties, the independent estimation of mineral resources and mineral reserves, the compilation and review of feasibility studies, the economic evaluation of mineral properties, due diligence reviews, and the monitoring of mineral developments on behalf of financing institutions. Micon’s practice is worldwide and includes precious and base metals, energy minerals, and a wide variety of industrial and specialty minerals.