Northcore Resources: Exploration Results, Nominations and Option Grants

Northcore Resources Inc. (TSX VENTURE:NCR) announces that it recently completed
a short exploration program on its Godfrey Township property located in the West
Timmins mining area. This claim consists of one (1) unit for an area of 16 ha.
The recently completed program was designed to examine closely the local till
geochemistry from samples taken across the claim in a regular grid pattern.


EXPLORATION:

Twenty (20) samples were retrieved along five (5) east-west grid lines at 100m
spacing along each line. The samples were taken using a hand auger at an average
depth of between 30 to 100cm (please see exploration report at
www.northcoreresources.com). The samples weighed an average of 300 grams and
were submitted to Activation Laboratories ("Act-Lab") of Ancaster, ON.
Inductively coupled plasma-mass spectrometry (ICP/MS) was used for assay
purposes to provide trace elements scans for all types of economic
mineralization.


Sample # 16 contained 115 ppb Au and sample #1 had 5 ppb Au while all the other
samples contained less than 5ppb Au.


Other anomalous values found were:               



Sample #        Co ppm     Ni ppm     Cu ppm     Zn ppm   As ppm      Pb ppm
----------------------------------------------------------------------------
#16                4.5       12.7       9.08       12.6                     
-----------                                                                 
#17                2.9        9.6       12.2       17.2                     
-----------                                                                 
#12                3.8        9.7                  18.1                     
-----------                                                                 
#13                5.5       14.2                  26.8                     
-----------                                                                 
#19                3.8       17.4       23.9       28.2       2.0       15.7
-----------                                                                 
#20                8.0       22.5       10.7       41.1       1.8       7.31
-----------                                                                 



Samples 16 and 17 were collected in the Southeastern corner of the property.    
             


The average values over the 20 samples were the following: 



Co         2.9 ppm                                                          
Ni         9.97 ppm                                                         
Cu         7.0 ppm                                                          
Zn         17 ppm                                                           
As         1.31                                                             
Pb         5.7 ppm                                                          



Benoit Violette, Geo., Quebec, a NI-43-101-compliant Qualified Person reviewed
and approved the geological content of this press release.


NOMINATIONS:

The Corporation would like to announce the election of Garry Majerle as Interim
Chairman.


Subject to approval by the TSX-Venture Exchange, Northcore has nominated as a
new member of its Board of Directors, James Garber, P. Geo. Mr. Garber graduated
from the University of Windsor, Windsor, ON, in 1973 with a B.Sc. (Honours
Geology) and has been a practicing geologist for over 35 years with both major
and junior exploration companies including Phillips Petroleum Company -
Strategic Minerals Division, Noranda Exploration Company - Hemlo Gold - Battle
Mountain Gold. Most recently he worked as Director / Exploration Manager, Canada
for Landore Resources Inc. / Landore Resources Canada Inc. and Manager of
Exploration for Metalcorp Limited. Jim was personally involved with the
discovery and delineation of gold and nickel deposits in northern Ontario,
including the Glimmer Gold Deposit (now the Black Fox mine of Brigus Gold), the
Pike River gold deposit (now Brigus Gold Grey Fox deposit), the Junior Lake
project VW nickel deposit (NI 43-101 compliant resource of 3.7 m tonnes at 0.49%
NiEq indicated and 0.72 m tonnes at 0.49% NiEq inferred for a contained 21,760
tonnes NiEq (www.landore.com)) and the initial evaluation of the Lamaune iron
deposit.


The Board of Directors of Northcore Resources Inc. is looking forward to
benefiting from Mr. Garbervaried and well established credentials as a
successful explorationist. Once TSX-V approval obtained Mr. Garber will act as
the Corporation's Qualified Person in accordance with Canadian regulatory
requirements as set out under National Instrument 43-101. 


Following Mr. Garber's nomination as a Director Northcore Resources will have
five (5) independent Directors: Garry Majerle, Chairman, Terry Byberg, James
Garber, P. Geo., Taylor Sebastian and Michel Lebeuf.


OPTION GRANTS:

The Board of Directors has granted one million (1,000,000) options with an
exercise price of $0.10 (ten cents) each and an expiry in five (5) years from
the grant date. Half of the granted options (500,000) vest immediately and the
other half (500,000) in twelve months as long as the recipient is still
associated with the Corporation. These options were all granted to the
Directors.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Garry Majerle
Chairman of the Board of Directors
[phone]
[e-mail]