Leocor Mining Completes $4 Million Private Placement

VANCOUVER, British Columbia — March 26, 2026 — Leads & Copy —

Leocor Mining Inc. (CSE: LECR, OTCQB: LECRF, Frankfurt: LGO0) has completed a non-brokered private placement, raising $4,000,000 through the sale of 80,000,000 units at $0.05 per unit.

Each unit comprised one common share and one common share purchase warrant. The warrants allow the holder to purchase an additional common share at $0.10 within three years of the closing date.

The company intends to use the net proceeds from the private placement to exercise certain convertible securities of Intrepid Metals Corp. held by the Company and for general working capital purposes.

An insider of the Company, holding more than 10% of the common shares, purchased 20,000,000 units in the private placement. This participation constitutes a “related party transaction” under Multilateral Instrument 61-101 but is exempt from formal valuation and minority shareholder approval requirements because the value of the securities issued does not exceed 25% of the company’s market capitalization.

The company did not file a material change report 21 days prior to closing because the details of the insider's participation were finalized shortly before the closing. Further information will be provided in a material change report to be filed by the company.

No finders' fees were paid in connection with the private placement.

The securities issued are subject to resale restrictions for four months and one day, in accordance with securities laws.

The securities have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption.

Leocor Mining Inc., based in British Columbia, is focused on acquiring and exploring precious metal projects, particularly in Atlantic Canada. Through ownership and earn-in agreements, Leocor controls gold-copper projects in the Baie Verte Mining District, including the Dorset, Dorset Extension, Copper Creek, and Five Mile Brook projects, creating a contiguous ~2,000-hectare exploration corridor.

All currency references are in Canadian dollars.

Source: Leocor Mining Inc.