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DORSET GOLD PROJECT

Dorset Gold Project

The Dorset Gold Project is a 600-hectare project area containing multiple gold occurrences and mineralized zones, located just south of the Pine Cove Gold Mine in North Central Newfoundland on the Baie Verte Peninsula

Leocor Gold has optioned the property from Nexus Gold Corp, wherein Leocor has the right to earn a 100% interest in the project by completing a series of cash payments totaling $1,250,000 over a four-year term, and incurring expenditures on the Project of at least $1,500,000 over a five-year term.

Leocor has also optioned an additional 325 hectares from Stanley H.B. Squires & Robert P. McGuire consolidating the ground between and adjacent to the Company’s central Dorset Gold Project and The Copper Creek project to form a contiguous land package.

The Dorset Project is our flagship exploration targetwith abundant historical data and two significantly mineralized quartz veins with extensive surface showings.

HISTORY

Dorset gold mineralization is hosted by three subparallel, NE-trending quartz lode vein systems.

The Main Zone includes three historic occurrences, with up to 409 grams-per-tonne (“g/t”) gold (“Au”) in grab samples, with channel sampling results of 177 g/t Au over 0.35m, 22 g/t Au over 1.5m, 17.2 g/t Au over 1.5m, and 14.7 g/t Au over 1.5m. Historic drilling includes 9.5 g/t Au over 1.3m (MacDougall, 1990).

Historic select sampling at the Braz Zone returned values of 314 g/t Au, 40 g/t Au, 31.4 g/t Au, 21.2 g/t Au, 19.2 g/t Au, and 14.8 g/t Au. Historic channel sampling across the vein, returned 9.5 g/t Au over 0.4m; 5.7 g/t Au over 0.5m and 1.2 g/t Au over 0.65m. Weighted averages of historic rock sampling encompassing vein and mineralized wall rock returned values of 5.8 g/t Au over 1.9m; 3.1 g/t Au over 2.0m and 2.5 g/t Au over 1.5m (MacDougall, 1990).

HISTORIC RESULTS

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