Newcore Gold Announces Annual Grant of Equity Incentive Awards

Rhea-AI Summary

Newcore Gold (OTCQX:NCAUF) has announced its annual grant of equity incentive awards to various stakeholders. The company has granted 2,815,000 stock options at $0.64 per share with a five-year term, along with 1,880,000 restricted share units and 525,000 performance share units.

These equity incentive awards, which are subject to regulatory approval and vesting provisions, were distributed among employees, consultants, directors, and executives under the company's long-term incentive plan.

VANCOUVER, British Columbia, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) announces the annual grant of equity incentive awards. Newcore has granted 2,815,000 stock options, 1,880,000 restricted share units and 525,000 performance share units (together the "Equity Incentive Awards") to employees, consultants, directors and executives of the Company. The stock options were granted at a price of $0.64 per share for a period of five years. The Equity Incentive Awards are subject to regulatory approval, are granted under the Company’s long-term incentive plan and are subject to vesting provisions.

About Newcore Gold Ltd.

Newcore Gold is advancing its Enchi Gold Project located in Ghana, Africa’s largest gold producer ⁽¹⁾. Newcore Gold offers investors a unique combination of top-tier leadership, who are aligned with shareholders through their 15% equity ownership, and prime district scale exploration opportunities. Enchi’s 248 km² land package covers 40 kilometres of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several multi-million-ounce gold deposits, including the Chirano mine 50 kilometres to the north. Newcore’s vision is to build a responsive, creative and powerful gold enterprise that maximizes returns for shareholders.
^{(1) Source: Production volumes for 2024 as sourced from the World Gold Council.}

On Behalf of the Board of Directors of Newcore Gold Ltd.

Luke Alexander
President, CEO & Director

For further information, please contact:

Mal Karwowska | Vice President, Corporate Development and Investor Relations
+1 604 484 4399
info@newcoregold.com
www.newcoregold.com  

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FAQ

What equity incentive awards did Newcore Gold (NCAUF) announce in August 2025?

Newcore Gold announced the grant of 2,815,000 stock options at $0.64 per share, 1,880,000 restricted share units, and 525,000 performance share units.

What is the exercise price and term for Newcore Gold's 2025 stock option grants?

The stock options were granted at $0.64 per share with a five-year term.

Who received Newcore Gold's 2025 equity incentive awards?

The equity incentive awards were granted to employees, consultants, directors, and executives of the company.

What conditions apply to Newcore Gold's 2025 equity incentive awards?

The awards are subject to regulatory approval and vesting provisions, and were granted under the company's long-term incentive plan.