Northcore Resources Inc.: Private Placement


MONTREAL, QUEBEC--(Marketwire - Feb 11, 2013) - Northcore Resources Inc. (TSX VENTURE:NCR) ("NCR" or the "Corporation") announces the closing of its first tranche private placement of an amount of $120,000 according to TSX-V rules and regulations. The proceeds of this first tranche private placement will serve to pay the following creditors of the Corporation:

Consultant fees $25,500
Legal firm fees $4,306.22
Auditor fees $50,000
Administration fees $518.64
TSX fees 862.31
Proxy & regulatory/ communications $84.44
Transfer Agent fees $8,623.15
Property Payment $29,794.13
Total : $119,688.89

Also, the Corporation wishes to disclose that all the directors of said Corporation duly approved this first tranche private placement as well as the use of proceeds.

Daniel Coch
Chairman of the Board of Directors
(403) 605-7465

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