Leocor Mining Mails Meeting Materials in Connection with Plan of Arrangement

Vancouver, British Columbia ( May 4 , 2026) – TheNewswire – Leocor Mining Inc. (CSE: LECR, OTCQB: LECRF, Frankfurt: LGO0) (“ Leocor ” or the “ Company ”) is pleased to announce,   further to its news releases dated April 9, 2026 and April 15, 2026, that it has mailed its management information circular (the “ Circular ”) and related proxy materials (the “ Meeting Materials ”) to holders (“ Shareholders ”) of common shares of the Company (“ Leocor Shares ”) in connection with the annual general and special meeting of Shareholders to be held at 10:00 a.m. (Pacific Time) on June 3, 2026 (the “ Meeting ”). The Meeting Materials are being mailed to Shareholders of record as of April 17, 2026 (the “ Record Date ”). At the Meeting, Shareholders will be asked to consider, and if deemed advisable, approve, among other things, the Company's previously announced court-approved plan of arrangement (the “ Arrangement ”) under Division 5 of Part 9 of the Business Corporations Act (British Columbia), pursuant to which the Company will effect a distribution (the “ Distribution ”) of up to all of its 17,647,058 common shares of Intrepid Metals Corp. (TSXV: INTR) (“ Intrepid ”), representing approximately 15.09% of the issued and outstanding Intrepid shares as of the date hereof, to Shareholders on a pro rata basis. Pursuant to the Arrangement, each existing Leocor Share will be exchanged for: (i) one new common share of Leocor having the same attributes as the existing Leocor Shares; and (ii) a pro rata entitlement to the Intrepid shares to be distributed, based on an exchange ratio to be determined at the date of closing of the Arrangement and announced at that time. Shareholders will also be asked to approve customary annual general meeting matters .