Precore Gold Completes 100% Acquisition of the Lac Big-Rush Gold Property in the Prolific Chibougamau Mining Camp of Quebec

Core Viewpoint - Precore Gold Corp. has accelerated its acquisition of the Lac Big-Rush Gold Property to immediately own 100% of it, modifying the original three-year agreement due to the property's discovery potential in a prolific mining camp [1][2]. Company Developments - The acquisition of the Lac Big-Rush Property includes an additional 498 hectares, bringing the total to 49 claims covering 2,712 hectares in the Chibougamau mining camp [5]. - The final terms of the transaction involve a cash payment of $20,000 and the issuance of 250,000 common shares, with the vendor retaining a 2% Net Smelter Royalty (NSR) [10][11]. Industry Context - The acquisition follows a significant M&A transaction in the region, where Iamgold Corporation acquired Northern Superior Resources Inc., creating the Nelligan Mining Complex, which has Measured & Indicated Mineral Resources of 3.75 million ounces of gold and Inferred Mineral Resources of 8.65 million ounces [3]. - Precore Gold's property is strategically located near Iamgold's Croteau Project, which has an Inferred resource of 640,000 ounces at 1.73 g/t, just 300 meters from Precore's boundaries [4]. Future Plans - The company plans to initiate a preliminary exploration campaign in the second half of 2026, leveraging historical drill hole data that has not been explored since the early 1980s [9].