An anonymous director reports

NATCORE TECHNOLOGY CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT

Natcore Technology Inc. has completed the second and final tranche of its proposed non-brokered private placement, as announced on July 20, 2015. Gross proceeds of $443,880 were raised through the sale of 822,000 units at a price of 54 cents per unit.

An aggregate of 1,822,000 units were sold in both tranches of the private placement for aggregate gross proceeds of $983,880. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the holder to purchase a further common share at 74 cents for a period of three years.

Aggregate finders' fees of $39,690 in cash and 73,500 warrants, having the same terms as the warrants issued in the private placement, were also paid.

All securities issued in the final tranche are subject to a hold period in Canada expiring on Dec. 1, 2015. Proceeds of the placement will be applied to further development of the company's technologies and for general working capital.