Leocor Mining Announces Share Consolidation Effective September 18

Leocor Mining Inc., a junior resource company focused on the exploration and development of precious metals projects in Eastern Canada, announced on September 15, 2026, that its shareholders will see a significant change in the company’s share structure effective September 18, 2026. The company will consolidate its common shares on a ten-for-one basis, meaning that for every ten pre-consolidation shares, shareholders will receive one post-consolidation share.

The consolidation is subject to acceptance from the Canadian Securities Exchange (CSE), which will be evidenced by the dissemination of a bulletin advising of the date of the consolidation. The company’s name and trading symbol will remain unchanged, but the new CUSIP number will be 52637P205 and the new ISIN number will be CA52637P2052 for the post-consolidation shares.

As a result of the consolidation, the total number of issued and outstanding shares post-consolidation will be approximately 50,042,480, subject to rounding for fractional shares. No fractional shares will be issued; instead, the number of shares to be received by a shareholder will be rounded down to the next whole number if the fractional share is less than one half, and rounded up if it is equal to or greater than one half.

Leocor Mining Inc. will provide registered shareholders with a letter of transmittal from Computershare Investor Services Inc., the company’s transfer agent. This letter will contain information on the exchange of physical share certificates for Direct Registry System (DRS) statements or new physical share certificates representing the post-consolidation holdings. Intermediaries, such as brokerage houses and financial institutions, will facilitate the transmittal of shares in instances where physical certificates are held on behalf of beneficial shareholders. Beneficial positions held through CDS and DTC will be automatically exchanged upon completion of the consolidation.

The company’s Dorset, Dorset Extension, Copper Creek, and Five Mile Brook projects, located within the Baie Verte Mining District in Eastern Canada, remain a focus of its exploration and development efforts. Leocor Mining Inc. continues to pursue its goal of acquiring and developing precious metal projects in the region, with the consolidation serving as a strategic move to streamline its share structure and potentially improve marketability.

The consolidation is part of the company’s ongoing efforts to enhance its financial and operational efficiency. According to Alex Klenman, the company’s Chief Executive Officer, the consolidation is aimed at simplifying the share structure and making it easier for investors to understand and participate in the company’s growth.

Leocor Mining Inc. is committed to maintaining transparency and providing clear communication to its shareholders. The company will continue to update its stakeholders on its progress and future developments in its exploration and development projects.