Precore Gold Closes Second Tranche of Private Placement

VANCOUVER, British Columbia, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Precore Gold Corp. (CSE: PRCG) (the “Company” or “Precore Gold”) is pleased to announce that further to its news releases of August 21, September 9, September 18, 2025 and October 3, 2025, it has closed the second and final tranche (the “Second Tranche”) of its previously-announced non-brokered private placement (the “Private Placement”). The Second Tranche consisted of 2,081,662units of the Company (the “Units”) at a price of C$0.18 per Unit for aggregate gross proceeds of C$374,700. Each Unit consists of one common share of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one additional Common Share (a “Warrant Share”) at an exercise price of C$0.25 for a period of thirty-six (36) months from the date of issuance.