Northcore Resources Closes $10,000 Non-Brokered Flow-Through Private Placement

Montreal, Quebec--(Newsfile Corp. - January 28, 2015) - Northcore Resources Inc. (TSXV: NCR) announces the closing of a Non-Brokered Flow-Through share Private Placement in an amount of $10,000. The Corporation completed this placement by issuing, to an arm's length investor, ten (10) flow-through common shares units at a price of one thousand dollars per unit ("Units"). Each Unit will consist of sixteen thousand (16,000) flow-through common shares and four thousand (4,000) treasury common shares. Each share is issued at a price of five cents ($0.05) .

The underlying shares will be subject to a four (4) month and one (1) day hold period. The funds will be used for exploration on the corporation's properties and for working capital purposes.

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