Newcore Gold Ltd. provided an update on the work program underway at the Company’s 100% owned Enchi Gold Project ("Enchi" or the "Project") in Ghana, including additional results from the ongoing 58,000 metre drill program and results of metallurgical testwork. Drilling has intersected 1.27 grams per tonne gold ("g/t Au") over 27.0 metres ("m") from 27 m at the Boin Gold Deposit ("Boin") at Enchi, with results extending Boin along strike. Newcore is also pleased to announce positive metallurgical results from bottle roll tests completed on the Boin and Sewum Gold Deposits, with samples achieving an average gold recovery of 89.4%. Highlights: Drill results from the additional holes drilled at Boin include: Hole KBRC163 intersected 1.27 g/t Au over 27.0 m from 27 m to 54 m (oxide zone). Hole KBRC169 intersected 1.41 g/t Au over 14.0 m from 55 m to 69 m, including 2.86 g/t Au over 6.0 m from 62 m to 68 m (oxide zone). Hole KBRC175 intersected 0.65 g/t Au over 22.0 m from 67 m to 89 m (oxide zone). Metallurgical testing returned an average gold recovery of 89.4%. Bottle roll testing completed on material from the Boin and Sewum Gold Deposits. Drilling on the Project continues with three rigs currently on site, and an additional two rigs anticipated to be on-site by the end of January. This news release highlights 25 holes targeting the Boin Gold Deposit. The 25 holes (3,950 m) drilled at Boin extended the zone along strike intersecting both wide gold mineralized zones and multiple sub-parallel structures. Additional drilling is planned at Boin in 2021 to follow-up on these results. total of 18,149 metres in 113 holes have been completed as part of the ongoing 2020 - 2021 drill program at Enchi. For the total planned 58,000 metre drill program, assay results have now been received and released for 88 holes representing 13,722 metres (25 holes totaling 3,950 metres reported in this news release in addition to previously released results – 19 holes on December 15, 2020, 8 holes on November 26, 2020, 10 holes on November 10, 2020, 13 holes on October 21, 2020 and 13 holes on September 28, 2020). 2020 - 2021 Enchi Drilling Program: A 58,000 metre discovery and resource expansion drilling program is underway at Enchi. The program includes both RC and diamond drilling and will include the first deep drilling planned on the Project. This drill program includes testing extensions of the existing resource areas while also testing a number of high priority exploration targets outside of the Inferred Mineral Resource. Drilling is focused on step out extensions and exploration drilling at the Boin, Sewum, and Nyam Deposits. Additional drilling is planned at previously drilled zones that are outside of the resource area (Kojina Hill, Kwakyekrom and Eradi), along with first pass drilling to test a series of kilometre-scale gold-in-soil anomalous zones with no prior drilling (Nkwanta, Sewum South and other anomalies). All zones represent high priority targets based on geological, geochemical and geophysical surface work and previous trenching and drilling.