Leocor Mining Inc. Proposes Pro Rata Distribution of Intrepid Metals Corp. Shares to Shareholders

Vancouver, British Columbia ( April 9, 2026) - TheNewswire – Leocor Mining Inc. (CSE: LECR, OTCQB: LECRF, Frankfurt: LGO0) (“ Leocor ” or the “ Company ”) (formerly Leocor Gold Inc.) is pleased to announce a proposed 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 of the Company on a pro rata basis. The final number of Intrepid shares to be distributed will be determined by the Company's board of directors, having regard to, among other things, the objective of achieving a tax-efficient outcome for the Company and its shareholders. Alex Klenman, Chief Executive Officer of Leocor, stated “consistent with our commitment to creating and delivering value for our shareholders, we are pleased to provide our shareholders with the opportunity to participate directly in the continued advancement of Intrepid through the proposed pro rata distribution of up to all of the Intrepid shares owned by the Company, while maintaining our strategic focus on advancing our gold-copper exploration portfolio in Atlantic Canada, including our contiguous land package in the Baie Verte Mining District. We believe this structure provides an efficient and shareholder-aligned means of unlocking value from our investment in Intrepid while ensuring fair and equal treatment for all shareholders.”