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File: 26-Jan15 PP.docx

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NEWS RELEASE Contact: Chuck Provini 732-576-8800 Info@NatcoreSolar.com 
 Natcore Technology closes final tranche of private placement
 Red Bank, NJ - (January 26, 2015) - Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) has completed the final tranche of
---> its proposed $600,000 non-brokered private placement (the "Placement"), as announced on January 15, 2015. The sale of
---> a further approximately $41,000 through the sale of approximately 95,000 units was completed. 

An aggregate of approximately 1,352,062 were sold in the Placement at a price of $0.43 per unit for aggregate gross pr
--->oceeds of $581,387.77. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the 
--->holder to purchase of a further common share at $0.70 for a period of three years.

All securities issued in the final tranche of the Placement are subject to a hold period in Canada expiring on May 24,
---> 2015. Additional restrictions may apply pursuant to Rule 144 of the Securities Act of 1933, as amended, to U.S. inves
--->tors. Proceeds of the placement will be applied further development of the Company's technologies and general working 
--->capital.

Additional tranches of the placement are anticipated to be completed next week.

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.