Montreal, Quebec--(Newsfile Corp. - November 26, 2014) - Northcore Resources Inc. (TSXV: "NCR") wishes to provide an update of the proposed Private Placement it had filed with the TSX-V (the "Exchange") in early August, 2014 and further amended in October 2014.

The Corporation had filed with the Exchange a Private Placement reservation of up to $250,000 of Common Share Units at five cents ($0.05) per Units.

The proposed Common Share Unit Private Placement will consist in the issuance of up to five million (5,000,000) Units. Each Unit will consist in one (1) Common Share and one (1) Common Share Purchase Warrant. Each warrant will give the holder the right to acquire an additional Common Share at a price of six cents ($0.06) per share for a period of twenty-four (24) months following the Closing of the Private Placement.

This Placement will be a non-brokered placement made with Accredited Investors and other qualified purchasers. A seven and one-half percent (7.5%) cash commission will be paid and a seven and one half percent (7.5%) Broker Warrants commission will be paid to qualified recipients. The Broker Warrant will give the holder the right to acquire Common shares at a price of six cents ($0.06) per share for a period of twelve (12) months following the Closing of the Private Placement.

The Use of Proceeds of the Placement will be for Corporate Cash Flow purposes.

This Private Placement has not yet closed and must do so by December 11, 2014.

Neither the TSX-Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

For further information, please contact:
Garry Majerle, Chairman of the Board of Directors
Tel :(519)-697-6945
Northcoreres@gmail.com