Leocor Mining Announces Proposed Share Consolidation

Leocor Mining Inc. (the “ Company ” or “ Leocor ”) (CSE: LECR, OTCQB: LECRF; Frankfurt: LGO0) (formerly Leocor Gold Inc.), a junior resource company focussed on the exploration and development of precious metals projects in Eastern Canada, announces that it intends to consolidate its common shares (the “ Shares ”) on the basis of ten (10) pre-consolidation Shares for every one (1) post-consolidation Share (the “ Consolidation ”). The Consolidation is intended to make the Company more attractive to potential new investors. The Consolidation was approved by the board of directors of the Company in accordance with the Articles of the Company but remains subject to the approval of the Canadian Securities Exchange (the “ Exchange ”). The Company will issue a further news release announcing the effective date and final consolidation ratio in connection with the Consolidation upon receiving Exchange approval. The Company will not be changing its name in conjunction with the Consolidation . About Leocor Mining Inc. (Formerly Leocor Gold 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 Bae 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 releases , 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 accepts responsibility for the adequacy or accuracy of this news release. Cautionary Statement Regarding “Forward-Looking” Information This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the Consolidation. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. Additional risk factors can also be found in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca . Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and do...