Leocor Mining Inc. Announces Closing of Rights Offering

Vancouver, British Columbia (August 26, 2026) – TheNewswire – Leocor Mining Inc. (CSE: LECR, OTCQB: LECRF, Frankfurt: LGO0) (“Leocor” or the “Company”) (formerly Leocor Gold Inc.) is pleased to announce that the Company closed its previously announced rights offering which expired on August 20, 2026 (the “Rights Offering”). At closing, the Company issued 250,212,402 common shares of the Company (the “Shares”) to rights holders at a price of $0.01 per Share for total gross proceeds of approximately $2,502,124.02.

The Company received subscriptions for 223,732,607 Shares pursuant to the basic subscription privilege and 26,479,795 Shares pursuant to the additional subscription privilege. The Company also issued 7,500,000 non-transferable bonus Share purchase warrants (the “Bonus Warrants“) to  each of Game 7 Investments Inc. and Zimtu Capital Corp. (together, the “Standby Guarantors”) pursuant to the Company’s Rights Offering Standby Guaranty Agreement dated July 21, 2026 with Standby Guarantors entitling them to purchase up to a total 7,500,000 Shares, being 10% of the total number of Shares the Stand-By Guarantors have committed to purchase, at a price of $0.05 per Share for a period of 5 years.

The total number of issued and outstanding common shares of the Company upon completion of the Rights Offering will be 500,424,804.

To the knowledge of the Company, after reasonable inquiry, directors, officers, employees and insiders of the Company purchased 46,955,083 Shares under their basic subscription privilege e for an aggregate of 46,955,083Shares purchased under the Rights Offering, representing total subscription proceeds of $469,550.83. The amount of Shares purchased by insiders under the additional subscription privilege is not known at this time but is not expected to be substantial.

 To the knowledge of the Company, after reasonable inquiry, no person became a new shareholder holding more than 10% of the Shares upon closing of the Rights Offering.  

The participation in the Rights Offering by certain “related parties” of the Company, namely, directors, officers and 10% shareholders of Company, constitutes a “related party transaction”, as such terms are defined by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on an exemption from the formal valuation and minority approval requirements of MI 61-101 as the fair market value of the participation in the Rights Offering does not exceed 25% of the market capitalization of the Company.

There were no selling fees or commissions paid in connection with the Rights Offering distribution, other than to the Standby Purchasers. The net proceeds of the Rights Offering will be used in the manner disclosed in the rights offering circular of the Company dated July 21, 2026, a copy of which is available on SEDAR+ under the Company’s profile at www.sedarplus.ca .

The Shares, the Bonus Warrants and the Shares underlying the Bonus Warrants have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities within the United States, and the Rights (a) may not be offered or sold in the United States or to any U.S. person, and (b) may not be exercised within the United States or for the account or benefit of any U.S. person or any person in the United States. “United States” and “U.S. person” are as defined in Regulation S under the U.S. Securities Act.

About Leocor Mining Inc.

Leocor Mining Inc. is a British Columbia-based resource company involved in the acquisition and exploration of precious metal projects, with a current focus in Atlantic Canada. Leocor, through outright ownership and earn-in agreements, currently controls several gold-copper projects in prime exploration ground located within the prolific Baie Verte Mining District. Leocor’s Baie Verte portfolio includes the Dorset, Dorset Extension, Copper Creek and Five Mile Brook projects, creating a contiguous ~2,000-hectare exploration corridor. For more information, sign up for news alerts, watch our corporate video, or view our presentation at our website.

Contact Information

Leocor Mining Inc.

Alex Klenman, Chief Executive Officer
Email: [email protected]
Telephone: (604) 970-4330

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Statements Regarding Forward-Looking Information

This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, statements regarding the Company’s future plans and objectives, including its use the proceeds from the Rights Offering, and the anticipated benefits of the Rights Offering to Shareholders. Forward-looking information is generally identifiable by use of words such as “anticipates”, “expects”, “believes”, “plans”, “intends”, “estimates”, “will”, “may” or similar expressions. Although Leocor believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of this press release, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; the speculative nature of mineral exploration; and other risks and uncertainties described in the Company’s public filings available on SEDAR+. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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