Northcore Announces the Completion of its Property Evaluations and the Complete Update of its Web Site

Northcore Resources Inc. (TSX VENTURE:NCR) ("Northcore" or the "Corporation")
wishes to announce that it has completed the review of its property portfolio.


The Corporation has elected to keep or maintain the following properties or
projects : Attawapiskat with Kel-Ex Development, Bristol and Melkior 50% JV in
West Timmins, Little Monster-Vanstar 50% JV and Lake Irene in the Monster Lake
area of Quebec.


The Corporation will seek to sell or otherwise try to maximize the value it can
recoup from the Quebec Rare Earth (J6L1) property.


Attawapiskat : Northcore has a sixteen percent (16%) interest in this Joint
Venture with Kel-Ex Development owning the remaining eighty-four percent (84%).
No work has been done on the Joint-Venture claims recently. Kel-Ex has indicated
to Northcore that it was not going to be doing any additional work for the
foreseeable future. It invited Northcore to become the Project Operator if it so
desired. In addition if the Corporation had exploration work to propose it
should present it to Kel-Ex. It indicated that it would not fund its portion of
any additional work and would expect to be diluted according to the dilution
formula found in the JV Agreement. Northcore is currently reviewing its options
especially in light of the current market conditions. 


Bristol project: This project consists in the various claims the Corporation
owns in Bristol and surrounding Townships. Subject to exploration financing
being obtained detailed geological mapping and possibly some stripping and
channel-sampling may be completed. A property compilation is currently in
progress.


West-Timmins-Melkior 50% JV : Northcore has a verbal commitment from Melkior for
an extension to its exploration work deadline. The new agreement should see the
earn-in period being extended to 2016. The other conditions should remain the
same as originally disclosed although there are discussions relating to a
possible reduction in the proposed work commitments. As soon as this agreement
is finalized the details will be announced publicly.


Little Monster 50% JV and Lake Irene : In their recent press releases Tomagold
has published the following: "-Monster Lake Zone 325 (located within a kilometer
from the eastern boundary of the Lake Irene property) (See Tomagold press
release of March 8, 2013- 6 m @32.6 g/t Au in Hole M-13-99, and April 22, 11.3 m
@ 8.65 g/t Au in Hole M-13-105); and -Winchester Property (located exactly
between and contiguous to both Northcore's Lake Irene property and the Little
Monster 50% JV ground) which in Hole W-13-02 intersected 9.6 g/t Au over 2.25
metres, including 17 grams per tonne (g/t) gold (Au) over one m, at a vertical
depth of 315 m."


Tomagold also stated : "... while still preliminary, these results could
indicate that the mineralized zone connecting the Winchester, Gabriel, Megane,
325, Annie, Nouvelle and Eratix showings is more than nine km long, particularly
as the geological setting is consistent along the entire length of the
structure."


In light of these drill results and the possible extension of the mineralized
zone connecting these showings Northcore will conduct exploration to determine
if the zone extends onto its Lake Irene property. The Corporation is attempting
to complete this work under favorable financial terms. 


Little Monster-Vanstar 50% JV : 

Vanstar, as the JV operator, recently announced the beginning of the first phase
of exploration which will consist of a geological survey, prospecting and
sampling, as well as a magnetic survey. This work should be conducted during
July, 2013, with results to follow thereafter upon completion of the program.
Additional work may be conducted to evaluate any targets identified during this
first work program.


Lake Irene : 

In the immediate vicinity to the North-East and East of the Lake Irene property
recent drilling by Tomagold produced high gold assays on their adjacent Monster
Lake and Winchester properties (see press releases listed in the introduction to
this section).


Other gold deposits in the Monster Lake region to the south-east and hosted
within the roughly east-west trending Opawica-Guercheville deformation corridor
include the Philibert and Meston Lake deposits with reported historical
resources of 1.4 million mt @ 5.32 g/t Au (DV9301-MnrF-Q) and 1.225 millions mt
@ 6.35 g/t Au (MB89-17-MnrF-Q), respectively, and the former Joe Mann Mine which
produced1.25 million oz gold since the 1950's (Mining Journal 05-Dec-2007).


Quebec Rare Earth (J6L1) property :

Under the current difficult market conditions the Corporation has elected to
either sell its Quebec Rare earth property or find a way by which it could
maximize the value of this asset. More than $200,000 of work was completed on
this property by Arctic Star the former JV participant, resulting in the
identification of interesting geophysical and geological anomalies. Developments
will be announced as they are concluded.


British Columbia Rare Earths project (Carbo-Wicheeda) : Extensive investigation
by staff and Directors of the Corporation revealed that following the purchase
of the property a failure to transfer the claim titles into the Corporations
name and failure of the claim holder of record to notify the Corporation
resulted in the expiration of the claims and subsequent loss of the property.
The claim holder of record was advised in July 2012 by the BC Ministry of Mines
that the claims were delinquent. The Company is currently investigating possible
recourse to remedy the loss.


Web Site:

The Corporation invites shareholders and potential investors alike to visit its
completely updated and current web site at: www.northcoreresources.com.


The technical content of this press release was reviewed and approved by James
Garber, P.Geo., Director of Northcore Resources, professional geologist and
qualified person in accordance with the Canadian regulatory requirements as set
out in National Instrument 43-101.


We seek safe harbor

FOR FURTHER INFORMATION PLEASE CONTACT: 
Northcore Resources Inc.
Garry Majerle, Chairman of the Board
519-697-6945