49 North Resources Inc. Acquires Interest in Westcore Energy Ltd.

49 North Resources Inc. ("FNR") (TSX VENTURE:FNR) announces that in connection
with the closing of its roll-over transaction with 49 North 2009 Resource
Flow-Through Limited Partnership (the "2009 Fund") on February 1, 2010, it
acquired ownership of 2,000,000 common shares of Westcore Energy Ltd.
("Westcore") (representing 9.49% of Westcore's outstanding common shares). Prior
to the closing of the roll-over transaction, FNR owned 2,251,500 common shares
of Westcore (representing 10.69% of Westcore's outstanding common shares. Mr.
Tom MacNeill, the President, Chief Executive Officer and a director of FNR also
owns 1,260,000 common shares of Westcore directly (representing 5.98% of
Westcore's outstanding common shares) and 2,000,000 commons shares of Westcore
indirectly through T&N Holdings Inc. (representing 9.49% of Westcore's
outstanding common shares). 


Upon completion of the acquisition, FNR will own 4,251,500 common shares
(representing 20.18% of Westcore's outstanding common shares), and when combined
with Mr. MacNeill's holdings directly and indirectly, Tom MacNeill will control
7,511,500 common shares (representing 35.65% of Westcore's outstanding common
shares). 


In connection with the acquisition of securities, FNR and the 2009 Fund entered
into a transfer agreement providing for the private sale of the 2,000,000 common
shares by the 2009 Fund to FNR at a price of $0.60 per share for an aggregate
purchase price of $1,200,000. 


FNR acquired the common shares in the roll-over transaction for investment
purposes. FNR may in the future take such actions in respect of its holdings as
it may deem appropriate in light of the circumstances then existing, including
acquiring ownership or control over additional common shares or other securities
of Westcore or the disposition of all or a portion of its holdings in open
market or in privately negotiated transactions.


The re-sale of the common shares was carried out in accordance with and in
reliance on the "accredited investor" exemption in section 2.3 of National
Instrument 45-106 - Prospectus and Registration Exemptions which has been
adopted by the securities regulatory authorities in all Provinces of Canada and
which exempts the transfer and issue of such securities from the registration
and prospectus requirements of applicable securities law.


The 2009 Fund, FNR, T&N Holdings Inc. and Tom MacNeill may be considered to be
joint actors under applicable securities legislation. However, the issuance of
this press release is not an admission that any entity named in this press
release owns or controls any of the securities described in this press release
or is a joint actor with any other entity named in this press release.


A copy of the early warning report in respect of this transaction has been filed
with the applicable securities commissions and can be found at www.sedar.com.