Mr. Mohammad Abuleil reports

SELECTCORE PROPOSES TO EFFECT SHARE CONSOLIDATION

Selectcore Ltd. is proposing to consolidate its issued and outstanding common shares on the basis of one postconsolidation common share for up to every 10 preconsolidation common shares, or such lower number of preconsolidation shares as may be determined by the board of directors or may be required to obtain approval of the consolidation from the TSX Venture Exchange. Additional information relating to the proposed consolidation is included in the management information circular of the company dated Oct. 6, 2016, which is available on-line and under its issuer profile on SEDAR.

The company has posted the circular with respect to its annual and special meeting of shareholders scheduled for Nov. 24, 2016. As part of the meeting, shareholders will be asked to pass a special resolution authorizing the board, at a time it sees fit, to amend the company's articles to effect the consolidation. There are currently 30,037,852 common shares issued and outstanding. If and upon the consolidation becoming effective, on a maximum of one-to-10 basis, it is expected there will be approximately 3,003,785 postconsolidation common shares in the capital of the company issued and outstanding on a non-diluted basis.

The board has concluded that the consolidation would be in the best interests of the shareholders, as it could lead to increased interest by a wider audience of potential investors and could better position the company to obtain financing and pursue acquisition opportunities. If the resolution is passed by shareholders at the meeting, the board shall have up to 24 months from the date of the meeting to implement the consolidation. The board, in its sole discretion, may revoke the resolution approving the consolidation and abandon the consolidation without further approval, action by or prior notice to shareholders. The consolidation is subject to shareholder and regulatory approval, including the approval of the TSX-V.

Registered shareholders are advised not to mail in the certificate(s) representing their common shares until they receive a letter of transmittal and confirmation from the company by way of news release that the board of directors of the company has decided to implement the consolidation.

We seek Safe Harbor.