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File: 16469.1 options.docx

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NEWS RELEASE Contact: Chuck Provini 585.286.9180k Info@NatcoreSolar.com 
 Natcore Technology grants options
 Rochester, NY - (December 9, 2016) - Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has, in conjunction with the 
--->company's annual employee reviews, granted an aggregate of 1,830,000 stock options to directors, officers, employees a
--->nd consultants at a price of CDN$0.20 per share for a period of five years.  The grant is subject to the approval of r
--->egulatory authorities, including the TSX Venture Exchange.

# # # # #

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any juri
--->sdiction.  Neither the United States Securities and Exchange Commission ("SEC"), the TSX Venture Exchange nor its Regu
--->lation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accep
--->ts responsibility for, the adequacy or accuracy of this release.