Northcore: Corporate Update

Northcore Resources Inc. (TSX VENTURE:NCR) (the "Corporation") wish to present a
corporate update of its recent activities.


At its Annual General and Special meeting of shareholders held on February 25,
2014, the Corporation received overwhelming support for its effort to rejuvenate
its activities. More than 31.81% of shareholders voted and they supported the
various resolutions with 87.38% majorities and more. These participation and
approval numbers are very high considering that most Junior mining AGMs end up
having shareholder participations in the low teens.


The Board obtained a strong mandate to negotiate the best conditions possible in
the choice for new advanced projects, financing and share capital roll back.
Northcore is actively pursuing a catalytic transaction which coupled with a
share roll back will re-energize the Corporation and its share price. A share
roll back will significantly reduce the number of issued and outstanding shares
making it more attractive for financing and acquisition purposes.


Board members were present and active at the recently held PDAC in Toronto and
identified a number of excellent advanced and grass root projects in secure
jurisdictions.


The identified mining projects are very well advanced with known resources and
very good expansion potential. Some of these are gold projects in hot Canadian
exploration areas with active drilling campaigns. Others are base metal projects
in Ontario with resources while others are strategic metals pre-feasibility
situations in excellent mining jurisdictions. Company management is actively
investigating all of these projects and will soon present them to the Board for
selection and go ahead decisions.


The proximity of the Corporation's Lake Irene project to the current drilling
being done in the Monster Lake area by SOQUEM and IAMGold/Tomagold is leading
Northcore to finalize a spring and summer exploration project on the property.
The final details will soon be announced but they will initially include a lake
sediments survey as well as a lakeshore and island outcrop sampling effort. Once
completed the results will be integrated with historical exploration and
drilling results to decide on future activities.


Northcore will be communicating with Kel-Ex and try to see if there are
possibilities of doing additional exploration efforts in the Attawapiskat JV.
Northcore's partner Kel-Ex is a private corporation controlled by Charles Fipke,
the discoverer of the Diavik diamond mine, Canada's first. The JV claims are
contiguous to De Beers' Victor mine property.


Similarly discussions will be held with Melkior to identify exploration targets
on the West Timmins JV project.


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: 
Northcore Resources Inc.
Garry Majerle
Chairman of the Board of Directors
[phone]
[e-mail]