Leocor Mining Exercises Warrants of Intrepid Metals Corp.

VANCOUVER, British Columbia — April 2, 2026 — Leads & Copy — Leocor Mining Inc. (CSE: LECR, OTCQB: LECRF, Frankfurt: LGO0) has exercised 8,823,529 warrants of Intrepid Metals Corp. (TSXV: INTR).

The warrants were previously acquired by Leocor as a strategic investment on Jan. 4, 2024, as part of a private placement of units and special warrants.

Prior to the exercise of the warrants, Leocor held 8,823,529 common shares, representing approximately 8.17% of the issued and outstanding common shares of Intrepid, and 8,823,529 warrants. As a result of the exercise, Leocor now holds 17,647,058 common shares representing approximately 15.09% of the issued and outstanding common shares of Intrepid. Following this exercise, Leocor holds no warrants or other convertible securities.

Leocor has exercised the warrants of Intrepid for investment purposes. Depending on market conditions and other factors, the company may acquire or dispose of securities of Intrepid or continue to hold its current position.

An early warning report will be available on SEDAR+ at www.sedarplus.com and can be obtained by contacting Leocor.

Intrepid Metals is focused on exploring for high-grade essential metals, including copper, silver, and zinc, in established mining jurisdictions in southeastern Arizona, United States. The company's portfolio is anchored by the Corral copper project, an advanced exploration-stage, district-scale system with extensive drilling and significant shallow results, complemented by the Tombstone South and Mesa Well projects. Teck recently became a 14.7% equity stakeholder in Intrepid.

Intrepid is led by an experienced technical and management team. The company trades on the TSX Venture Exchange under the symbol INTR and on the OTCQB Venture Market under the symbol IMTCF.

Leocor Mining Inc. is a British Columbia-based resource company involved in the acquisition and exploration of precious metal projects, with a current focus in Atlantic Canada. Leocor controls several gold-copper projects in prime exploration ground located within the Baie Verte Mining District. Leocor's Bae Verte portfolio includes the Dorset, Dorset Extension, Copper Creek, and Five Mile Brook projects, creating a contiguous ~2,000-hectare exploration corridor.

Source: Leocor Mining Inc.