Northcore Resources Inc.: Private Placement

Northcore Resources Inc. (TSX VENTURE:NCR) ("NCR" or the "Corporation")
announces the closing of its first tranche private placement of an amount of
$120,000 according to TSX-V rules and regulations. The proceeds of this first
tranche private placement will serve to pay the following creditors of the
Corporation:




Consultant fees                       $25,500                               
Legal firm fees                       $4,306.22                             
Auditor fees                          $50,000                               
Administration fees                   $518.64                               
TSX fees                              862.31                                
Proxy & regulatory/ communications    $84.44                                
Transfer Agent fees                   $8,623.15                             
Property Payment                      $29,794.13                            
Total :                               $119,688.89                           



Also, the Corporation wishes to disclose that all the directors of said
Corporation duly approved this first tranche private placement as well as the
use of proceeds.


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